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FinMin asks ministries to furnish R&D funding data
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SME Times News Bureau | 12 Nov, 2019
The Finance Ministry has asked ministries and departments to furnish
data on funds spent by them and their autonomous bodies as well as PSUs
on research and development (R&D) after Prime Minister's Economic
Council pointed out gaps between such expenditure not commensurating
with growth of GDP.
The ministry is referring to a report by
PMEAC titled 'R&D Expenditure Ecosystems-current station and way
Forward' wherein a need has been felt in growth of R&D expenditure
commensurate with growth of GDP, the Finance Ministry said in an office
Circular sent to other ministries.
All ministries /departments
are therefore requested to feed data on their R&D expenditure which
reflect the quantum of public expenditure earmarked for research &
development whether appearing in an umbrella scheme or a scheme or a
sub-scheme or as a component, provisions set apart for
attached/subordinate offices, autonomous bodies including societies and
boards who are engaged in R&D", the ministry office memorandum said.
The
need to report R&D by departments came to notice after the Prime
Minister's Economic Advisory Council in a report titled 'R&D
Expenditure Ecosystems-current station and way Forward' reported that
the growth of R&D expenditure commensurate with the growth in GDP,
the memorandum said.
The Office of the Principal Scientific
Advisor has been tasked to be a repertory of R&D data of the
government and analysis & monitoring . The Budget division of the
ministry is collecting data to provide to the PSA along with Budget
data.
Almost all departments have R&D funds allocated from
Budget. In the Department of Telecom (DoT), Rs 325 crore was allocated
for the current fiscal for "promotion of Innovation and Incubation of
Future Technologies for telecom sector" which was up from Rs 230 crore
last fiscal.
C-DoT (Centre for Development of Telematics) an
autonomous body under DoT, was allotted Rs 273 crore for itself in FY
2019. But now DoT will have to report how much of it is being spent on
R&D on C-DoT or any other R&D activities under the ministry.
In
case of Environment Ministry, it will have to give R&D funding data
by its autonomous bodies like Indian Council of Forestry Research and
Education, Indian Plywood Industries Research & Training Institute,
R&D for conservation and management among others.
Likewise,
in case of Ministry of Earth Sciences, there are several central sector
schemes and projects like Ocean Services, Technology, Observations,
Resources Modelling and Science (O-STORMS), Ocean services, Modelling,
Application, Resources and Technology (O-SMART)and Research, Education
and Training Outreach (REACHOUT).
All these schemes have their budgetary allocations and now they have to show much of it has been spent on R&D.
Other ministries likewise will have to post their R&D funds on such agency, PSUs and bodies to the finance ministry.
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