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PM’s science panel urges mandatory R&D funding

The Prime Minister’s Science Technology and Innovation Advisory Council (PM-STIAC) has recommended making it mandatory for medium and large enterprises in key sectors to set aside funds for research and development (R&D). The council expressed at the extremely poor level of R&D investment which has remained stagnant at 0.35 percent in the private sector and […]

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PM Modi brings about sea change in energy sector

The Modi government also made its mark in the hydrocarbon sector with a bang. The National Democratic Alliance (NDA) government shot down the erstwhile UPA government’s pricing formula which would have doubled natural gas prices from $4.2 per million British thermal units (mmBtu) to over $8 per mmBtu. The new government deferred the hike in […]