News Update

I-T - Bonafide claim of deduction by assessee which was accepted in first round of proceedings does not tantamount to furnishing of inaccurate particulars, simply because it was disallowed later: ITATIndia-bound oil tanker struck by Houthiā€™s missiles in Red SeaSCO Defence Ministers' Meeting endorses 'One Earth, One Family, One Future'RBI issues draft rules on digital lendingI-T - In order to invoke revisionary jurisdiction u/s 263, twin conditions of error in order and also prejudice to interest of Revenue must be established independently: ITATCRPF senior official served notice of dismissal on charges of sexual harassmentIndian Air Force ushers in Digital Transformation with DigiLocker IntegrationColumbia faculty blames leadership for police action against protestersCX - When process undertaken by assessee does not amount to manufacture, even then CENVAT credit is admissible if such inputs are cleared on payment of duty which would amount to reversal of credit availed: CESTATGoogle to inject USD 3 bn investment in data centre in IndianaCus - The equipments are teaching accessories which enable students in a class to respond to queries and these equipments are used along with ADP machine, same merits classification under CTH 8471 60 29: CESTATUN says clearing Gaza mounds of rubble to take 14 yrsST - When issue is of interpretation, appellant should not be fastened with demand for extended period, the demand confirmed for extended period is set aside: CESTATBlinken says China trying to interfere US Presidential pollsWorld Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions
 
Dr Harsh Vardhan consults Indian diaspora on innovation policy

By TIOL News Service

NEW DELHI, NOV 09, 2020: THE Union Minister for Science Technology, Earth Sciences, and Health & Family Welfare, Dr. Harsh Vardhan, chaired the first of its kind policy consultation with the highly-skilled Indian diaspora to facilitate channels for them to contribute to India’s Science Technology and Innovation Policy (STIP) 2020, on Saturday evening in New Delhi. The consultation meeting was attended by Principal Scientific Adviser to the Government of India, Professor K. Vijay Raghavan; Secretary Department of Science & Technology, Professor Ashutosh Sharma; Healthcare-Biotech Consultant, Dr Vijay Chauthaiwale; Additional Secretary, Ministry of External Affairs Ms. Renu Pall, and several dignitaries among the Indian Scientific Diaspora from across the globe.

Dr. Harsh Vardhan said that the landmark policy initiative has been started as India and the world reorient in the present context of the COVID-19 crisis and emphasised, “The consultation aims at generating and streamlining key ideas in the making of STIP 2020 and involving the Indian diaspora as one of major stakeholders in the policy formulation process.” He encouraged the Indian Scientific diaspora to share their suggestions on the policy adding that these suggestions would be collated and considered to be included in the draft STI policy.

“It is important to build policy level mechanisms that enable creation of suitable opportunities for attracting best talents back home. The upcoming policy aims to address both the first and secondgeneration diaspora by facilitating institutional mechanisms for engagement with Indian ecosystem,” Dr Harsh Vardhan pointed out. He underlined that “The VAIBHAV Summit and the recently launched dedicated, one-stop platform for S&T diaspora engagement, “PRABHASS” are some proactive steps of the Government towards this engagement”.

Acknowledging the huge untapped potential of the diaspora, Dr Harsh Vardhan said that the scientific diaspora contributes a lot in both internationalization of science and technology development and boosting the country's technology intensity. He mentioned the significant contributions of the large and highly skilled Indian diaspora communities in forging the development of Indian IT and Biotech industry.

Paying tributes to the Nobel Laureate and Bharat Ratna Prof. C. V. Raman on his birth anniversary yesterday, Dr Harsh Vardhan pointed out that the past few years have witnessed accelerated national growth placing India as a global STI leader. “There has been a significant rise in the country's performance in terms of publications, patents and quality of research publications. Per capita R&D expenditure has also increased with greater participation from the private sector. Participation of women in extramural R&D projects has almost doubled. India is also actively engaged in emerging technologies such as nanotechnology. The country’s capacity in inclusive and frugal innovation has been recognized globally”, he said.

Dr Harsh Vardhan stressed that India aims to connect the diaspora back to Indian scientific and economic ecosystem to accelerate the growth in STI. “Reinforcing their engagement will enable India to leverage its S&T expertise across the globe for robust growth in all areas of Science, Technology and Innovation”, he said.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.