India, March 11 -- The Government of India has issued a release:

The Department of Science & Technology (DST), as the nodal Ministry for the RDI Scheme, has formulated and finalized the implementation guidelines for the Research, Development and Innovation (RDI) Fund, as well as the Special Financial Rules for the Scheme, in consultation with the Department of Economic Affairs (DEA) and the Department of Expenditure (DoE). These guidelines have been approved by the Executive Council of the Anusandhan National Research Foundation (ANRF).

As per the approved framework, the Technology Development Board (TDB) and the Biotechnology Industry Research Assistance Council (BIRAC) have been designated as Second-Level Fund Managers (SLFMs) and launc...