New Delhi, Oct. 11 -- In a significant milestone towards operationalisation of the transformative Research Development and Innovation (RDI) Fund, launched by the Government to encourage the private sector to scale up research, development, and innovation (RDI) in sunrise domains, the Executive Council of the Anusandhan National Research Foundation (ANRF) on Saturday approved the establishment of a special purpose fund (SPF) for the RDI scheme and also approved the Implementation Guidelines and governance framework.

According to an official release from the Ministry of Science and Technology, ANRF also adopted the Special Financial Rules and Management Team Position and Compensation, as approved by the Ministry of Finance. The approval ma...