In which year “Zero Based Budgeting” started in India ?
[A] 1960
[B] 1983
[C] 1991
[D] 2000
Show Answer
Correct Answer: B [1983]
Notes:This technique of budgeting was developed by Peter Phyrr and was first implemented at Texas Instruments in the 1960s. In India, the system was first implemented in the Department of Science and Technology in the year 1983.
