The Union Cabinet on Wednesday approved the introduction of the National Research Foundation (NRF) Bill, 2023, in Parliament. The Bill aims to set up a new funding agency to bolster the country's research ecosystem

The Union Cabinet on Wednesday approved the introduction of the National Research Foundation (NRF) Bill, 2023, in Parliament. The Bill aims to set up a new funding agency to bolster the country's research ecosystem.

The NRF will be a single-window agency that will provide funding for research and development across all disciplines. It will also be responsible for coordinating research activities across different institutions and promoting international collaboration.

The Bill is expected to be introduced in Parliament in the coming weeks. Once it is passed, the NRF will be set up with a corpus of Rs. 50,000 crore.

The establishment of the NRF is a significant step towards strengthening India's research ecosystem. The Bill has been welcomed by the scientific community, who believe that it will help to boost research and innovation in the country.

Here are some of the key benefits of the NRF Bill:

* It will provide a single-window mechanism for funding research and development.

* It will promote international collaboration in research.

* It will help to coordinate research activities across different institutions.

* It will provide a boost to research and innovation in the country.

The NRF Bill is a welcome step towards strengthening India's research ecosystem. It is expected to play a major role in promoting research and innovation in the country in the years to come.