The National Research Foundation (NRF) Bill, 2023 was approved by the Union Cabinet led by Prime Minister Narendra Modi on Wednesday.
Taking to Twitter, PM Modi said, “The approval of the National Research Foundation Bill will pave the way for promoting research and development. It will promote innovation and collaboration between academia, industry and government, which will lead to a scientifically advanced nation.” An important step towards realizing our vision.”
The press release expressed that the supported bill will create an NRF framework that will seed, grow and research and development (R&D) in India’s colleges, schools, research organizations and research and development laboratories and develop a culture of exploration and development.
Once approved by Parliament, the Bill will set up the NRF, a high-level body that will provide high-level strategic direction for scientific research in the country in accordance with the recommendations of the National Education Policy (NEP) at an estimated cost. Rupee. 50,000 crore in five years (from 2023 to 28), according to the release.
The administrative arm of the NRF will be the Department of Science and Technology (DST), which will be governed by a Governing Board consisting of leading researchers and professionals from various fields.
The ex-officio vice-chairman of the board will be the Union Minister for Science and Technology and the Union Minister for Education. The Prime Minister will act as the Chairman of the Board. The work of the NRF will be governed by an Executive Council headed by the Principal Scientific Adviser to the Government of India.
Apart from scientific and related ministries, NRF will establish an interface mechanism for participation and contribution of industries, state governments, academia, government departments and research institutions.
According to the press release, it will focus on developing a policy framework and establishing regulatory processes that can encourage industry collaboration and increase R&D spending.
Further, the Bill will merge the Science and Engineering Research Board (SERB), which was set up by an Act of Parliament in 2008, with the National Research Foundation (NRF), which has a wider mandate and undertakes activities, among others Are included. Serb.
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