sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 Companies (Significant Beneficial Owners) Amendment Rules, 2019
  Tax saving guide for FY 2018-19
 4 lesser known ways to save tax. Filing income tax returns?
 You do not have to pay TDS on FDs under this amount Income tax returns (ITR)
 Income-tax (15th Amendment) Rules, 2019
 How To Calculate Income Tax For Assessment Year 2020-21
 Financial Interim Budget 2019-20
 5 personal tax changes expected in Budget 2019
 Check how much tax would be levied on your income Income Tax returns Invested in debt schemes
 3 taxes no one should have to pay
  Tax saving guide for FY 2018-19

IT dept for 500% increase in R&D funds
January, 18th 2007

With a view to make India a global R&D hub, the department of information technology (DIT) has asked for an enhanced budget allocation for R&D in the 11th Five-Year Plan. It has demanded a 500% increase in the R&D budget for the next Plan (2007-12).

DIT said that even as over 347 technologies such as the supercomputer by C-DAC and Indian language technologies have been commercialised, the dynamic nature of the industry demands more R&D for advancement and further development of technologies. While stressing on the need to make India a knowledge economy, DIT said the expenditure on R&D , which stands at 0.8% of the GDP, needs to be increased to 1.6% by the end of the 11th Plan. China spends 1.31% of its GDP on R&D.

To derive more outcomes from R&D work, DIT has asked for central funding for deployment of selected R&D outputs. It has also said development-oriented projects be funded for field testing for better results. There may be further upgradation required after intensive field testing of a technology a government source said. With the aim to fasten the process of commercialisation of a technology,

DIT has also pushed for a policy that could define the IPR and royalty sharing mechanisms between technology developing institutions, inventors and the industry. This will reduce delays in taking decisions on transfer of technology and will encourage research to be more industry oriented.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions