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The government has constituted six sector-specific working groups to identify as many as 100 products for promoting their domestic manufacturing and reducing import dependence, an official said. "The aim is to promote indigenisation of those products," the official said. The groups will discuss the list of items for the purpose, and the final list prepared by them will be submitted to the cabinet secretariat within three weeks. The six groups are on pharmaceuticals, biotech and medical devices; chemicals and petrochemicals, textiles and footwear; capital goods, automotive and electric vehicles, advanced capital goods; energy; construction equipment and infrastructure; and defence and aerospace (only for items with civilian applicability) and electronics. The members of these groups are from different ministries and departments, including commerce, DPIIT, Niti Aayog, pharmaceuticals, economic affairs, science and technology, chemicals, textiles, heavy industry, ports and shipping, .
India should significantly enhance its investment in research and development from the current level of 0.64 per cent to at least 2 per cent of GDP in the next four to five years to strengthen the country's R&D ecosystem, Niti Aayog said on Monday. The Aayog, in a report titled Ease of Doing Research & Development in India - Removing Obstacles, Promoting Enablers, said the government should consider restoring a 5 per cent GST slab for R&D procurement. "To strengthen India's R&D (research and development) ecosystem, there is an urgent need to significantly enhance the national investment in R&D, from the current level of 0.64 per cent to at least 2 per cent of GDP in the next four to five years," it noted. The report also suggested that India needs to introduce time-bound, incremental fiscal incentives to boost private sector investment in R&D. According to the report, adding the reporting head of R&D expenditure under Schedule III (Balance Sheet & ...
The Centre on Saturday appointed academician Joram Aniya and scholar-author R Balasubramaniam as full-time members of the Niti Aayog, taking the total number of such members in the government think tank to seven, along with a vice-chairman. Prime Minister Narendra Modi is the chairman of the Niti Aayog. "In continuation of the Cabinet Secretariat's notification dated 24.04.2026, the prime minister has approved the appointment of the following persons as full-time members of the NITI Aayog with effect from the date of assumption of charge and until further orders, on the same terms and conditions as are applicable to full-time members: (i) Dr R Balasubramaniam; (ii) Dr Joram Aniya," a notification issued by the Cabinet Secretariat said. On April 24, while reconstituting the Niti Aayog, the government appointed Ashok Kumar Lahiri as its vice-chairman and economist K V Raju, AIIMS Director M Srinivas, Secretary in the Department of Science and Technology, Abhay Karandikar, scientist ..