Today news
About the same in other media
Rs 1 lakh cr R&D fund for pvt sector to be operational in next couple of months: Secy Ajay Seth
Reading now: 257
Asked when the fund would be made operational before February 1, 2025, Seth said, «In the next couple of months».
Seth said R&D investment by the private sector has not picked up despite giving tax exemption for R&D and hence the government has decided to be a partner in R&D and nudge the private sector to take the risk.
Finance Minister Nirmala Sitharaman in the Interim Budget for 2024-25 on February 1, 2024, announced setting up a mechanism for spurring private sector-driven research and innovation at commercial scale with a financing pool of Rs 1 lakh crore.
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
Mahayuti stakes claim to form govt, Fadnavis to return as CM economictimes.indiatimes.com /2 weeks ago
Credit must be given to RBI and Finance Ministry for stable banking system: FM Nirmala Sitharaman economictimes.indiatimes.com /2 weeks ago
Doug Ford’s chief of staff ‘missing’ months of government texts after phone was ‘reset’ globalnews.ca /2 weeks ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
