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Niti Aayog panel recommends 50 measures to overhaul India's R&D ecosystem, plagued by low funding (0.6-0.7% GDP), bureaucratic delays, and talent crunch. Grant success rates plummeted below 10% due to cumbersome clearances, skewed IIT funding (80% ANRF funds), and delayed fellowships. To revive the sector, the panel proposes raising GERD to 2% of GDP in five years, decentralizing decisions, and offering tax incentives (5% GST slab for procurements, 125% CSR deductions). It also mandates a six-month grant processing deadline and increasing postdoctoral fellowships by 20% annually to retain talent. #GS2mains

India has opposed the UK’s plan to limit tariff-free steel imports from July 2026, telling the WTO the move could erode benefits from the India-UK trade deal. Imports beyond quotas may face a 50% duty.

RBI to pay ₹2.87 lk Cr dividend to Union Govt

Quad foreign ministers meet in Delhi on 26th May.

US is now India’s No.3 crude supplier.

Climate Change Devastates Bihar’s Shahi Litchi Crop as Muzaffarpur Farmers Suffer Losses up to 70% https://www.downtoearth.org.in/agriculture/climate-stress-hits-bihars-litchi-crop-as-muzaffarpur-farmers-report-losses-of-up-to-70