Facebook Pixel Unshackling Indian science | Financial Express Pune - newspaper - Lees dit verhaal op Magzter.com

Poging GOUD - Vrij

Unshackling Indian science

Financial Express Pune

|

June 17, 2025

Exempting research-related goods and services from GST is a strategic reform that can unlock India's full innovation potential

- HARILAL BHASKAR

INDIA STANDS AT a crucial crossroads in its scientific and technological journey. With growing ambitions to become a global innovation hub, the country has witnessed remarkable progress in research and development (R&D). Yet, an overlooked obstacle limits India's potential—the Goods and Services Tax (GST) levied on scientific infrastructure usage and research consumables. Reforming GST policies to exempt research-related goods and services is essential to democratise access to scientific facilities, accelerate innovation, and strengthen collaborations between academia and industry.

Publicly funded research centres, universities, and startups rely on expensive, cutting-edge scientific equipment—from electron microscopes to high-throughput sequencers and specialised chemical analysers. These instruments drive innovation across healthcare, agriculture, clean energy, and manufacturing. However, each time researchers book lab time or procure consumables like reagents or chemicals, they face GST ranging from 5-18%, significantly inflating operational costs. For many early-career scientists and small startups with limited resources, these costs are prohibitive.

MEER VERHALEN VAN Financial Express Pune

Financial Express Pune

India reaffirms support for 2-state solution in Palestine

INDIA ON FRIDAY reaffirmed its support for a two-state solution to the Palestine issue and said it had joined more than 100 countries and international organisations in a statement condemning Israel’s attempts to expand unlawful settlements in the West Bank.

time to read

1 mins

February 21, 2026

Financial Express Pune

AI is like a tsunami hitting labour market: IMF chief

IMF MANAGING DIRECTOR Kristalina Georgieva said on Friday that AI could lift global growth by 0.8% and help India achieve the Viksit Bharat goal, but posed significant risks of displacement of jobs and financial instability.

time to read

1 min

February 21, 2026

Financial Express Pune

'There will be fewer roles at the entry level'

LTIMindtree Chief Delivery Officer, Gururaj Deshpande believes the traditional pyramid structure of IT firms is likely to change into a diamond-like shape.

time to read

2 mins

February 21, 2026

Financial Express Pune

Pay more to feel more: Businesses up ‘premium’ game

Premium-within-premium new subscription model for many services

time to read

2 mins

February 21, 2026

Financial Express Pune

Core sector growth eases to 4% in Jan, hits 2-month low

THE GROWTH IN infrastructure sector industries slowed down to a two-month low of 4% in January, down from an upwardly revised 4.7% in December.

time to read

1 min

February 21, 2026

Financial Express Pune

US Supreme Court strikes down Trump tariffs

THE RULING STRIKES at the heart of Trump’s agenda, blunting an all-purpose cudgel he has enthusiastically wielded against trading partners.

time to read

2 mins

February 21, 2026

Financial Express Pune

Trade deal to be operational by Apr: Goyal

AS PART OF the trade deal, the US announced a reduction of additional tariffs on Indian imports to 18% from 50%.

time to read

1 min

February 21, 2026

Financial Express Pune

Low inflation anchors rate pause; growth seen robust

WITH DOMESTIC GROWTH remaining resilient and inflation expected to stay benign, Reserve Bank of India (RBI) Governor Sanjay Malhotra said the current policy rate remains appropriate, as reflected in the February minutes of the Monetary Policy Committee’s (MPC) meeting in February.

time to read

2 mins

February 21, 2026

Financial Express Pune

India enters Pax Silica; US says coalition bolstered

AS INDIA ON Friday joined the Pax Silica, a US-led strategic alliance focused on securing AI and tech supply chains, US Ambassador Sergio Gor said Secretary of State Marco Rubio will be visiting India “very soon, in a matter of months”.

time to read

1 min

February 21, 2026

Financial Express Pune

Trade deal with US to be operational by Apr: Goyal

INDIA'S TRADE AGREEMENT with the US is likely to become operational by April, Commerce and Industry Minister Piyush Goyal said on Friday.

time to read

1 min

February 21, 2026

Listen

Translate

Share

-
+

Change font size