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 »
 Govt extends deadline for filing GST TDS returns for Oct-Dec to Jan 2019
 Tax changes in 2018 that have affected your personal finances
 Extension of the last date of filing of Form NFRA-1
 You have to invest in Section 54EC bonds within 6 months of sale of property Income Tax
 All you need to know about gift tax this wedding season
 3rd instalment of advance tax due on 15 December
 Tax on your gold and real estate investments
 Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018
 Have you filed your income tax? Remember these deadline nears; know from TDS, TCS to challan, forms
 Notification No. 96/2018 -Central Board Of Indirect Taxes And Customs
 Here’s how you can check your ITR refund status online

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 2018 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