Question

Allocation of financial resources of central government budget on agriculture defence industry and education in the last ten years

Answer 1

The allocation of Rs 3.18 lakh crore has been estimated at around 1.6 per cent of the GDP which, according to experts, is lowest since the 1962 war with China.

In the interim budget presented on February 1, the defence budget was pegged at Rs 3.18 lakh crore and there was no change in the allocation.

In a significant move, import of defence equipment not manufactured in India has been exempted from basic customs duty by Finance Minister Nirmala Sitharaman.

She said defence has an immediate requirement of modernisation and it is a "national priority".

Answer 2

The Allocation of financial resources of central government budget on agriculture defence industry and education.

Explanation:

• The budget on the Agriculture allocation starting from Rs 200 crore for sustaining the profits made in the areas of green revolution  

• The allocation of funds for the Krishi Vikas Yojana,  and an allocation of Rs 300 crore for production of the crops as the bajra, and the jowar, ragi and the other millets.  

• Rural Development Funds of Rs 500 crore and funds for the launching of the programme for crop diversification. The allocation of Agriculture and Farmers welfare is Rs 35,984 crore.

• The budget for defence ₹359,000 crores, Union budget of India for development in the Indian armed forces, around 7%, for Army: 55.9% , Air Force: 22.5% , and Navy: 14.6% , for DRDO: 5.7% , and DGOF: 0.8%  , DGQA: 0.5% of the budget.

• The budget for the education sector under the ministry of Human Resource and with the Ministry of IT has also launched a Scholarship Portal to provide students of India access to National and State Level Scholarships.

• During the Financial Year 2011–12, the Central Government of India has allocated ₹ 38,957 crores for the Department of School Education and Literacy and a major share of ₹ 21,000 crores for the Sarva Siksha Abhiyan. The increase in expenditure on education to around 6% of GDP, to increase the quality of education.

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• brainly.in/question/13343871 answered by Sweety759.