By funding for the chemicals and fertilizer, ministry should rise to INR 43 billion, up by 9%. within that ministry, funding for the pharmaceutical department will rise to 6% INR 1.6 billion. Indian pharmaceutical industry has expressed an concern about a proposal in the budget to reduce tax relief on research and development expenses next year from 200% to 150%, by following a further reduction in 2020 to 100%. The budget also calls for ‘regulatory architecture’ to help make 10 public and 10 private Indian institutions into world leading centres of teaching and research. The budget does not provide any further details.
Science a priority for Indian governmen
By funding for the chemicals and fertilizer, ministry should rise to INR 43 billion, up by 9%. within that ministry, funding for the pharmaceutical department will rise to 6% INR 1.6 billion. Indian pharmaceutical industry has expressed an concern about a proposal in the budget to reduce tax relief on research and development expenses next year from 200% to 150%, by following a further reduction in 2020 to 100%. The budget also calls for ‘regulatory architecture’ to help make 10 public and 10 private Indian institutions into world leading centres of teaching and research. The budget does not provide any further details.
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