The correct answer is option 'B' - Sangeet Akademi.

Explanation:
Sangeet Akademi, or the National Academy of Music, Dance and Drama, is responsible for fostering the development of dance, drama, and music in India. Let's explore more about Sangeet Akademi and its role in promoting these art forms in the country.

1. Establishment and Mandate:
Sangeet Akademi was established in 1953 by the Government of India as an autonomous body. It functions as the apex national organization for the promotion and preservation of Indian classical music, dance, and drama.

2. Objectives:
The main objectives of Sangeet Akademi are:
- Promoting the growth and development of Indian music, dance, and drama.
- Preserving and documenting traditional and contemporary forms of performing arts.
- Recognizing and honoring excellence in the field of music, dance, and drama.
- Encouraging research and publications in the field of performing arts.
- Collaborating with national and international organizations to promote cultural exchange.

3. Activities and Initiatives:
Sangeet Akademi carries out various activities and initiatives to fulfill its objectives:
- Organizing festivals, concerts, and performances across the country to promote Indian music, dance, and drama.
- Conducting workshops, seminars, and conferences to facilitate the exchange of ideas and knowledge among artists, scholars, and enthusiasts.
- Granting scholarships and fellowships to support talented artists and students in pursuing their education and training in performing arts.
- Awarding prestigious titles, such as Sangeet Natak Akademi Fellowships and Awards, to recognize and honor exceptional artists, scholars, and gurus.
- Publishing books, journals, and research papers related to Indian music, dance, and drama.
- Collaborating with other cultural organizations, both within India and abroad, to promote cultural exchange and create opportunities for artists to showcase their talent.

4. Impact and Significance:
Sangeet Akademi plays a crucial role in preserving and promoting the rich cultural heritage of India. It has contributed significantly to the growth and recognition of Indian classical music, dance, and drama both domestically and internationally. The organization's initiatives have provided a platform for artists to showcase their talent, facilitated the exchange of ideas and knowledge, and encouraged the younger generation to take up these traditional art forms.

In conclusion, Sangeet Akademi is responsible for fostering the development of dance, drama, and music in India. Through its various activities and initiatives, the organization promotes and preserves the rich cultural heritage of Indian classical music, dance, and drama, while also recognizing and honoring exceptional artists and scholars in the field.

Sangeet Natak Akademi, New Delhi, is an autonomous body of the Ministry of Culture, Government of India.The academy functions as the apex body of the performing arts in the country to preserve and promote the vast cultural heritage of India expressed in music, dance and drama. It also works with governments and art academies in states and territories of the country.