"NITI Aayog is preparing a final Cabinet note for providing autonomy and flexibility to science departments and research institutions," a senior government official told PTI.
Top organisations such as Indian Institute of Science (IISc) and Indian Institutes of Technology (IITs) will be given more autonomy in academic, administrative and financial matters, he said.
"These institutions will also be able to take a call on faculty hiring (including foreign teachers), salaries etc," the official added.
India spends about 1 per cent of its GDP on research and development.
Finance Minister Arun Jaitley had allocated Rs 37,435 crore in 2017-18 budget for scientific ministries.
Jaitley in his 2016-17 Budget speech had said that regulatory architecture will be provided to 10 public and 10 private institutions to emerge as world-class teaching and research bodies.
Higher Education Financing Agency will be set-up with initial capital base of Rs 1,000 crore, the minister had said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
