India’s private sector must be incentivised to see value in invention

Among the most important pieces of legislation slated to be tabled in the current monsoon session of Parliament is the National Research Foundation (NRF) Bill, 2023.

The National Research Foundation (NRF) Bill, 2023

It is a bill that has been introduced in the Indian Parliament to establish a National Research Foundation (NRF). The NRF would be a statutory body that would be responsible for promoting and supporting research and development (R&D) in India.

The bill provides for the following:

  • The establishment of the NRF as a statutory body.
  • The composition of the NRF’s governing board.
  • The powers and functions of the NRF.
  • The funding of the NRF.
  • The establishment of research councils and other bodies by the NRF.

The bill has been welcomed by the scientific community, who believe that it will help to strengthen India’s research ecosystem. The bill is currently being debated in Parliament, and it is expected to be passed into law later this year.

Here are some of the key provisions of the NRF Bill, 2023:

  • The NRF will be a statutory body that will be headed by a chairperson.
  • The NRF will have a governing board that will be composed of eminent scientists, engineers, and technologists.
  • The NRF will have the power to fund research in all fields of science, engineering, and technology.
  • The NRF will have the power to establish research councils and other bodies to promote research.
  • The NRF will have the power to provide fellowships and other awards to researchers.
  • The NRF will have the power to promote public engagement with science.

The NRF Bill, 2023 is a significant step towards strengthening India’s research ecosystem. The bill will provide a much-needed boost to research and development in India, and it will help to attract and retain top talent. The bill is also expected to help to promote the commercialization of research and to ensure that the benefits of R&D are felt by all Indians.

About sree nivas

Check Also

NISAR (NASA-ISRO Synthetic Aperture Radar)

Introduction A joint mission between NASA (National Aeronautics and Space Administration) and ISRO (Indian Space …

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates