Q. Which of the following measure/measures is/are taken by government of India to promote research & development?
1.The weighted tax deduction on R&D expenditure.
2.Establishment of the Atal Innovation Mission in the NITI Aayog.
3.Implementation of SETU (Self Employment and Talent Utilization) programme.
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: D

Explanation: The Government of India has taken many initiatives in recent times to promote the R&D sector in India –

  1. The weighted tax deduction of 200 per cent for R&D expenditure.
  2. Establishment of the AIM (Atal Innovation Mission) in the NITI Aayog. This will be an innovation promotion platform involving academics, entrepreneurs, and researchers and draw upon national and international experiences to foster a culture of innovation, R&D and scientific research in India. The platform will also promote a network of world class innovation hubs.
  3. SETU (Self Employment and Talent Utilization) programme, aimed at setting up world class technology business incubators to promote start up business in India coupled with Start-up-India, Make in India.
  4. IMPRINT (Impacting Research Innovation and Technology), a Pan-IIT and IISc joint initiative to develop a roadmap for research to solve major engineering and technology challenges in ten technology domains relevant to India.

Source: TMH Ramesh Singh