Less than one percent spent on R&D in science
New Delhi: A mere 0.8 percent of the Gross Domestic Product (GDP) is spent on research and development in science and technology, the Lok Sabha was informed Tuesday.
Minister of Science and Technology Kapil Sibal said the government had taken several measures to increase spending on science and technology.
"These measures include higher allocation for scientific research for setting up new institutions for science, education and research," he said.
He said the government was creating centres of excellence and facilities in emerging and frontline areas in academic and national institutions.
Also, the ministry was offering new and attractive fellowships, strengthening infrastructure for research and development in universities and encouraging public-private partnerships.
The ministry had also unveiled national awards for outstanding research and development projects, he said.
IANS
Today’s top news
'Challenges ahead for India's mortgage-backed security sector'
India has made progress in the field of loans backed by non-residential property, but some challenges still exist, according to a report released by global rating agency ...
Britain-India undersea cable system to be launched in 2010
Bharti Airtel and 15 other leaders of the global telecommunications industry have signed a deal to build the first direct, high-bandwidth optical-fibre undersea cable sys...
BSNL floats $10 Bn tender for 93 Mn GSM lines
State-owned BSNL has floated a gigantic $10 billion (Rs 40,000 crore) tender for 93 million lines, reportedly the world's biggest order for GSM lines.
Germany looks to India to meet chronic shortage of engineers
Germany is recruiting more from overseas especially India to sustain growth and innovation as the country is suffering from a chronic shortage of skilled engineers, says ...
Indiabulls arm to raise $300 Mn in Singapore
Indiabulls Real Estate plans to raise close to $300 million (Rs1,254 crore) through a mix of private placement and an initial public offering (IPO) of a real estate inves...
JA & EMC India collaborate to improve employability opportunities
EMC India has collaborated with Junior Achievement (JA) India to overcome skill gaps between the Indian IT industry and fresh graduates from colleges.
Nanotech helps gauge hotness of chilli
Want to gauge how hot a chilli is? Nanotechnology can help, says a new study.
Tata Steel garners $500 Mn through NCDs
India's metal major Tata Steel has raised Rs.20 billion ($500 million) through private placement of redeemable non-convertible debentures (NCDs) as part of its long-term ...
Thales, Samtel form joint venture for avionics
French defence and aerospace major Thales and the city-based Samtel group Wednesday announced a joint venture to design, manufacture and sell avionics systems in the Indi...
Juniper Networks expands Bangalore R&D center
Juniper Networks has announced that it has doubled the size of its research and development center in Bangalore.