• UGI USER
  • Mar 19, 2024
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PART OF GOVT’S PUSH TO IMPROVE INDIA’S GLOBAL RANKING IN INNOVATION:

Why in the news ?

Indian government finalising deep tech start-up policy to boost innovation; challenges include funding slowdown, while optimism remains for future growth.

source:track2training

About Government Initiatives to Boost Innovation:

  • DPIIT Secretary RK Singh announced that a policy for deep tech start-ups is in the final stages of inter-ministerial consultations.
  • The policy aims to support advanced technologies with disruptive potential, such as artificial intelligence and software-as-a-service.
  • Finance Minister Nirmala Sitharaman previously announced a Rs 1 lakh crore fund for research and development, along with schemes to enhance deep tech capabilities in the defence sector.
What are the initiatives related to innovation in India?

●   Digital India: A government initiative to digitise India by providing digital infrastructure, e-governance services, and digital literacy to citizens.

●   Unified Payments Interface (UPI): A real-time payment system that facilitates instant fund transfer between bank accounts using smartphones.

●   National Education Policy: A comprehensive framework aiming to transform the education system in India, focusing on innovation, research, and multidisciplinary learning.

●   Atal Tinkering Labs: Establishes innovation workspaces in schools across India to foster curiosity, creativity, and problem-solving skills among students through hands-on learning and tinkering.