India Eases Research Rules to Spur Innovation

  Published 11 months ago

Union Minister Jitendra Singh announced reforms to boost innovation by delegating procurement powers to institutions, bypassing GeM for specialized research needs after consultations with IITs and research bodies.

  • Institutional heads can bypass GeM for specialized equipment procurement after approval, easing research delays.
  • Financial ceilings lifted enabling flexible funding for institutions to support diverse research projects.
  • Reforms streamline processes via consultations with 13 IITs and research bodies to address key challenges.

You might like these

Motilal Oswal Bullish on CAMS

IOB Q1 Profit Doubles, NPA Falls

Granules India Reports Declining Profits & Sales

DLF Sells $1.3B Luxury Housing Project in India

PNB Reports Record ₹7,081 Cr Q1 Profit

Cholamandalam Securities Reports Losses

India's Joint Vessel Fleet

News that matters the most ⚡