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Introduction
Economic Situation
Key Objectives
Agriculture
Housing
Infrastructure
Small Scale Industry
Science & Technology
Banking
External Sector
Capital Market
Expenditure Management
PSU Reform
Revised Estimates
Budget Estimates
Indirect Taxes
Custom Duties
Direct Taxes - A
Direct Taxes - B
Closing StatementBudget 1998-99
Budget 1997-98
Budget 1996-97
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Science and Technology
 | "Jai Vigyan" is the tribute so aptly paid by our Prime Minister
to hail the achievements of our scientists. The time has come to unleash the creative
potential of our scientists and innovators at grass roots level. Only then we can make
India truly self-reliant and a leader in sustainable technologies. I propose a national
foundation for helping innovators all over the country. This Fund, with an initial corpus
of Rs.20 crore, will build a national register of innovations, mobilise intellectual
property protection, set up incubators for converting innovations into viable business
opportunities and help in dissemination across the country. |
| Our research institutions have the capacity to evolve new vaccines that
will revolutionise the medical and health systems. We propose to set up a Technology
Mission on vaccines to provide a focus to the effort. |
| Our country is endowed with diverse and precious genetic resources, which
need to be prudently conserved and managed. Among the 18 hot spots of bio-diversity in the
world, two happen to be in India, in the Eastern Himalayas and the Western Ghats
respectively. To coordinate policies, research, documentation and legal protection of the
country’s rights in this important area, a National Bio-resources Board (NBB) will be
set up under the Chairmanship of the Minister of Science and Technology. |
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