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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.