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SC says States have failed to provide affordable medical care and infrastructureChina’s tit-for-tat policy - Beijing imposes tariffs on US agri products, including poultryGST - PVC raincoat is classifiable under heading 3926 and attracts tax @18%: AARGST - Liquidator who is an insolvency professional is required to obtain GST registration: AARGST - Applicant will be deemed to be acting as pure agent; not liable to pay GST on reimbursement of electricity charges on actual basis: AARGST - Applicant has neither appeared for hearing nor produced any documents in support of submission made in their application seeking advance ruling - Authority refrains from pronouncing any ruling: AARTax incentives for corporates a must to achieve ESG investingLancet Report: India to have 44 Crore obsese people by 2050Cus - Customs Broker cannot be foisted with onus of verifying or be expected to judge whether IEC or registration was correctly issued by Department officers, so long as the same is valid: CESTATTrump finally goes for 25% tariff on Mexico & Canada & 20% on ChinaCus - CBLR - If reliable documents from Govt officers indicate that a client is operational at certain address, brokers can reasonably presume their authenticity - charges of violating Regulation 10(n), by not verifying client's address, is not tenable: CESTATEU inches closer to seizing Russian assets worth USD 240 bnCus - Customs Broker is not responsible for ongoing surveillance of clients after their verification - If a client relocates without notifying authorities, it cannot be held against the broker: CESTATTrump freezes all military supports to Ukraine; may grant sanctions-relief to Moscow soonCus - Penalty of Rs 10 Lakhs imposed u/s 112(b) of Customs Act 1962 is valid where appellant was found to have played significant role in smuggling activity by allowing diversion of goods & their replacement with smuggled ones: CESTATTrump says China annexing Taiwan would be catastrophic + announces USD 100 bn TSMC plan to build 5 new factories in AmericaCX - Once an appellate order sets aside a lower authority's decision, the earlier order becomes non-existent and cannot serve as the basis for subsequent litigation: CESTATDroves of Americans apply for UK citizenshipCX - Demand for reversal of Cenvat credit invalid as reversal of credit for the same period was already confirmed vide an earlier Order-in-Original: CESTAT31 killed in Bolivia as truck bangs into pax busST - Once the activity is held as amounting to 'manufacture', it is excluded from purview of Service Tax as per definition of 'business auxiliary service': CESTATMexico says it has backup plans if Trump imposes tariffsI-T- Statement under Section 131 of the Act, taken under duress & subsequently retracted, cannot be treated as valid evidence : ITATIndian woman in Abu Dhabi executed for killing 4-month old childI-T - Unless delay is attributable to assessee, interest should be reckoned from beginning of assessment year as per Sec 244A: ITATGovt ups PLI Budget to accelerate manufacturingI-T- Re-assessment proceedings & consequent additions u/s 69C are valid, where AO omits to adequately examine available records: ITATIndia, Nepal ink MoU for coooperation in Water, Sanitation, and HygieneI-T- Disallowance of loan transactions between sister units upheld as assessee failed to provide valid evidence to substantiate commercial expediency & where personal benefits arise therefrom due to their common director: ITAT40-yrs of Indo-Japan Science & Technology Cooperation being celebrated: MoSI-T - Rule of appropriation contained in Explanation to Sec 140A(1) would be attracted only at time of payment of self assessment tax at time of filing return of income: ITATCDS Gen Chauhan goes on official visit to AustraliaI-T - Capital gain on investment made in residential property can't be denied merely because assessee has deposited amount within five days of due date of filing of ITR: ITATIndia's R&D spending doubles from Rs 60K Crore in 2013-14 to Rs 1.27 lakh Cr: MoSI-T- An unsatisfactory explanation does not automatically lead to deeming amount as income u/s 68: ITAT
 
India's R&D spending doubles from Rs 60K Crore in 2013-14 to Rs 1.27 lakh Cr: MoS

 

By TIOL News Service

NEW DELHI, MAR 04, 2025: "INDIA R&D spending (GERD) is double in last one decade during the government headed by Prime Minister Narendra Modi, from Rs 60,196 cr in 2013-14 to Rs.1,27,381 cr and is shaping the future economy of India which will be defined by homegrown innovations in artificial intelligence, biotechnology, and quantum computing," Dr. Jitendra Singh said, underscoring the role of government-backed initiatives in catalyzing scientific advancements.

Speaking at the DISHA event at India Habitat Centre here, the Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions highlighted the government's multi-pronged strategy to position India as a global leader in deep-tech innovation and commercialization.

Dr. Jitendra Singh reiterated that India is making significant strides in fostering an intellectual property (IP)-driven innovation ecosystem, with academia, industry, and startups playing a pivotal role. He noted that the government's emphasis on research and development (R&D) funding has led to India's Gross Expenditure on Research and Development (GERD) more than doubling in the last decade, from Rs 60,196 cr in 2013-14 to Rs.1,27,381 cr. "The government is not only investing in research but also ensuring that these innovations are seamlessly transitioned from labs to industries, strengthening the foundation of Atmanirbhar Bharat," he added.

The DISHA Program, an initiative aimed at Developing Innovations, Successful Harnessing, and Adoption, is a step towards building a knowledge-based economy where research-driven solutions transform industries. The program is designed to support faculty members and students working on disruptive technologies across disciplines, ensuring that India remains at the forefront of global innovation.

Dr. Jitendra Singh emphasized that initiatives like DISHA align with the Anusandhan National Research Foundation (ANRF), which seeks to create a unified research ecosystem bridging science, humanities, and social sciences. This integrated approach will empower Indian researchers to engage in cross-sectoral collaborations, pushing the boundaries of discovery and implementation.

One of the key highlights of Dr. Jitendra Singh's address was India's policy shift in allowing private sector participation in strategic fields such as space technology and nuclear research. "What was once solely the domain of government institutions is now open to private enterprises, enabling faster technological advancements, higher efficiency, and global competitiveness," he stated.

The space sector, in particular, has witnessed a surge in innovation, with startups actively contributing to satellite development, launch services, and space-based applications. The government's decision to open up the nuclear energy sector to private players is another transformative step aimed at leveraging indigenous expertise to drive energy security and sustainability.

Highlighting the transformative impact of artificial intelligence in healthcare, Dr. Jitendra Singh pointed out the success of AI-driven mobile telemedicine units in providing healthcare access to remote areas. "AI-powered diagnostics and telemedicine solutions are already redefining patient care, making high-quality healthcare services accessible and affordable for all," he noted.

However, he stressed the importance of maintaining a balance between AI and human expertise. "The role of AI is to complement human intelligence, not replace it. A hybrid approach will ensure that technology enhances, rather than diminishes, the role of skilled professionals in healthcare and other critical fields," he added.

With India set to complete 100 years of independence in 2047, Dr. Jitendra Singh urged young innovators to take the lead in shaping the country's technological future. "The responsibility of building a technologically advanced India lies with the next generation. What we invest in today will determine our standing in the global economy decades from now," he said.

As the government continues to invest in deep-tech research, skill development, and industry-academia collaboration, programs like DISHA will play a crucial role in making India an innovation powerhouse. The Minister's address reinforced the vision of an India that is not just a consumer of technology but a leading creator and exporter of cutting-edge solutions to the world.

 


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