Rs.150 crore for research, innovation
28-February-2015
Finance Minister Arun Jaitley Saturday announced the Atal Innovation Mission (AIM), an innovation promotion platform in the NITI Aayog, with an initial fund of Rs.150 crore for research and development.
"The platform will also promote a network of world-class innovation hubs... Initially, a sum of Rs.150 crore will be earmarked for this purpose," Jaitley said while presenting India's national budget for the next fiscal.
Named after former prime minister Atal Bihari Vajpayee, AIM will be an innovation promotion platform involving academics, entrepreneurs and researchers.
It would draw upon national and international experiences to foster a culture of innovation, research and development and scientific research in India, Jaitley said in his speech. - IANS
Mumbai Dethrones Beijing as Asia's Billionaire Capital, India Climbs to Third Globally
Jungle House: A Royal Summer Getaway Perched Amidst Shimla's Ancient Woods
Kangana Ranaut In Mandi Says Politics For Her Is A Way To Work For Society
Bizarre Poll Promise By Trinamool's Celebrity Candidate Draws Criticism
Mining Baron-Turned-Politician Janardhan Reddy Merges Party with BJP Ahead of Lok Sabha Elections