Explanation : Zero-based budgeting starts from a "zero base" and every function of the government is analysed for its needs and costs. Budget estimates are then built around what is needed for the upcoming period, regardless of whether the Budget is higher or lower than the previous one. The department of science and technology was the first to introduce Zero-Based Budgeting in India in 1983 and other ministries followed in the year 1986-87 fiscal year. ....Read more