In the recent past, countries across the globe has focussed on the
research and a big part of the annual budget is allocated to invent new technologies for the
exploration. There is a group of people, who feels government should provide more funds to find facts about
, whereas, some people thought that
amount should be spent for the peoples' welfare. In my opinion, funds for new techniques should be allocated with defined
the social force that binds you to the courses of action demanded by that force
, so that people's basic needs should not be compromised by the lack of funds. Below paragraphs would cover the importance of technology and balance which need to be maintained for funds allocation.
Innovating a new technology is a mark of the nation's technical growth and stability. Every country would like to be part of the elite club and demonstrate their skills which is possible by empowering their engineers and scientists with the resources and infrastructure for research.
, Indian union has funded Indian
Research Organisation (ISRO) to place hundreds of satellites in the earth's orbit with the single launcher.
achievement brought a big applause for the nation and contributed to the big profit in a business of placing satellites in the earth's orbit for ISRO as an organisation and it has strengthened the Indian economy
. It is always profitable to allocate funds with clear ownership and the feasibility of the project.
, there are examples across the globe where a budget is allocated for the sake of competition and without any projections or targets. In these scenarios, it would be difficult to justify
action as the same money can be utilized for the citizen's welfare schemes.
, North Korea had spent a large sum of money to develop the
engines without any plan,
the same time people in the country are struggling for better health services. It is the state's paramount responsibility to provide the basic facilities like education and security to the citizens. Afterwards, if their economy allows, they can plan funds for the technology.
To sum up, authorities should have defined good responsibility matrix for the stakeholders before allocating the funds to projects related to
exercise is not more important than the citizens' basic requirement of safety, health or education.