Policy governments in addition to the scientific and line ministries . It will focus on creating a policy framework and putting in place regulatory processes that can encourage collaboration and increased spending by the industry on R & D .
The Act will also repeal the Science and Engineering Research Board ( SERB ) established by an Act of Parliament in 2008 and subsume it into NRF which has an expanded mandate and covers activities over and above the activities of SERB .
Dr Jitendra Singh
Union Minister of State for Science & Technology , Government of India
“ This Bill will hike the R & D spending in the country . The Executive Council of NRF is mandated not only to monitor the progress of the different projects but also to analyse the accountability of the funding at different level stages .”
Impact
The Act will provide high level strategic direction for research , innovation and entrepreneurship in the fields of natural sciences including mathematical sciences , engineering and technology , environmental and earth sciences , health and agriculture . It will also promote scientific and technological interfaces of humanities and social sciences to promote , monitor and provide support as required for such research and for matters connected therewith or incidental thereto .
BIOVOICENEWS . COM 17