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Union Cabinet clears Rs 1 lakh crore RDI scheme to boost private sector research and innovation

The Union Cabinet has approved a Rs1 lakh crore scheme to encourage private sector investment in research, development, and innovation, focusing on critical and strategic sectors through long-term low-interest funding.

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PM Narendra Modi

In a major push to elevate India’s innovation and self-reliance agenda, the Union Cabinet has approved the Research Development and Innovation (RDI) Scheme with a financial corpus of Rs1 lakh crore. The initiative is aimed at significantly boosting private sector investment in research, development, and innovation across strategic and emerging sectors.

The scheme, approved during a Cabinet meeting chaired by Prime Minister Narendra Modi, seeks to provide long-term financing or refinancing at low or zero interest rates. It will primarily target sunrise sectors and areas critical to economic security and national strategic interests.

Information and Broadcasting Minister Ashwini Vaishnaw, announcing the scheme, stated that it was designed to address key funding challenges faced by the private sector. “It aims to provide both growth and risk capital, enabling innovation, technological adoption, and enhanced competitiveness,” he said.

Strategic support for transformative research

The RDI Scheme will also support high-technology readiness level projects, facilitate acquisition of strategically important technologies, and enable the formation of a deep-tech fund of funds. Financing may include long-term loans and equity, especially to support startups working on advanced research and development.

The program features a two-tiered funding structure. At its core lies a Special Purpose Fund (SPF) within the Anusandhan National Research Foundation (ANRF), which will manage and disburse the corpus to second-level fund managers. These managers will then extend concessional loans and equity to eligible R&D projects.

Ashwini Vaishnaw emphasized that the scheme aims to empower India’s innovation ecosystem, particularly as the country moves towards its goal of becoming Viksit Bharat (developed India) by 2047.

Governance and implementation

The ANRF’s governing board, chaired by the Prime Minister, will guide the strategic direction of the RDI scheme. Its Executive Council will oversee the formulation of guidelines and selection of fund managers and projects. An Empowered Group of Secretaries, headed by the Cabinet Secretary, will be responsible for key decisions including amendments to the scheme and periodic performance reviews.

The Department of Science and Technology will act as the nodal agency for implementation.

By addressing the critical financing gap in private R&D, the scheme positions India to enhance global competitiveness and establish a robust innovation-led economy in the coming decades.

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Delhi to install 305 mist sprayers across 9 major pollution hotspots

Chief Minister Rekha Gupta announced that 305 mist sprayers will be installed across nine pollution hotspots in Delhi, alongside expert-led planning and coordinated measures to reduce dust and biomass-related pollution.

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Delhi-NCR air quality

The Delhi government has announced a large-scale deployment of mist sprayer technology to tackle rising air pollution, with Chief Minister Rekha Gupta confirming that 305 mist sprayers will be installed across nine pollution hotspots in the capital.

Mist sprayers to curb dust at critical locations

During an inspection at ITO, Gupta said the mist sprayers already operational at the site are performing effectively. She noted that 35 poles at ITO have been fitted with these machines, which are helping suppress dust—a major contributor to air pollution in Delhi.

According to the Chief Minister, trials conducted in certain NDMC areas have shown promising results, reinforcing confidence in the technology.

High-level committee to guide pollution-control measures

Gupta announced the formation of a high-level expert committee that will advise the government on effective measures to reduce pollution. The panel will include senior officials from various departments as well as environmental specialists, including experts from IITs. Officials stated that the committee will receive special powers to implement pollution-mitigation strategies.

Departments directed to repair roads, add greenery

The Chief Minister said departments including PWD, DSIIDC and DDA have been instructed to fix potholes, repair and carpet roads, plant foliage along dividers and islands, and take other measures to reduce pollution sources.

She urged residents to report potholes on the government portal for quicker action.

Appeal to RWAs to prevent biomass burning

To curb winter pollution, Gupta advised Resident Welfare Associations (RWAs) to distribute electric heaters to security guards to discourage biomass burning, which significantly contributes to seasonal pollution spikes.

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PM Modi welcomes Vladimir Putin with warm hug as Russian President begins India visit

Russian President Vladimir Putin began a high-profile visit to India on Thursday, welcomed by PM Narendra Modi as both nations prepare to discuss defence, energy and trade cooperation.

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Vladimir Putin rides in Indian PM Narendra Modi's car on India visit

Russian President Vladimir Putin arrived in New Delhi on Thursday evening for a 27-hour visit focused on strengthening defence, energy and trade cooperation. The visit, marked by a warm embrace and a brief car ride shared with Prime Minister Narendra Modi, underscores the continuity of the India-Russia strategic partnership amid shifting global geopolitics.

Putin receives ceremonial welcome and packed schedule ahead

Putin landed in Delhi around 6:35 pm, where PM Modi personally received him at Palam airport. The two leaders shared a hug before leaving together, with the Prime Minister set to host a private dinner in honour of the visiting President — a reciprocal gesture to the hospitality extended during Modi’s Moscow visit last year.

On Friday, Putin will begin his official engagements with a ceremonial welcome at Rashtrapati Bhavan, followed by a visit to Rajghat to pay homage to Mahatma Gandhi. He is also scheduled to attend the India-Russia Annual Summit at Hyderabad House, where both sides will hold a working lunch.

The Russian President will later inaugurate a new India-based channel of Russia’s state broadcaster and attend a state banquet hosted by President Droupadi Murmu, before departing India on Friday night.

Defence, energy and trade to dominate agenda

Officials have indicated that discussions will centre on defence, energy and trade — the three pillars of the bilateral relationship. Agreements are expected across sectors including shipping, healthcare, fertilisers and connectivity.

Ahead of the summit, defence ministers from both countries held extensive talks, covering additional procurement of S-400 air defence systems and delayed military hardware shipments affected by the Ukraine war. The S-400 platform, procured under a USD 5 billion deal, played a major role during Operation Sindoor.

The Kremlin has also hinted that Russia may propose the Su-57 fifth-generation fighter jet, which would put Moscow in direct competition with Western aircraft makers.

Energy ties face renewed pressure

India remains among the largest buyers of discounted Russian crude. However, fresh US sanctions on key Russian oil producers have led to a dip in purchases.

Putin’s visit also comes at a time of strain in India-US ties, with Washington recently imposing steep tariffs on Indian goods — including measures linked directly to India’s continued oil trade with Russia.

Massive security deployment in Delhi

Delhi Police have stationed over 5,000 personnel across central and New Delhi districts, supported by SWAT teams, anti-terror units, snipers, quick-reaction teams, anti-drone systems, HD-CCTV networks and layered surveillance measures for the visit.

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Rahul Gandhi attacks Centre ahead of Vladimir Putin’s India visit

Rahul Gandhi alleged that the government discourages visiting foreign dignitaries from meeting Opposition leaders, calling it a sign of “insecurity,” hours before Russian President Vladimir Putin arrives in Delhi.

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Rahul Gandhi

As Russian President Vladimir Putin arrives in Delhi today for the India-Russia Annual Summit, Leader of the Opposition Rahul Gandhi has renewed his charge that the Centre discourages visiting foreign leaders from meeting Opposition representatives. He called it a sign of “insecurity” within the government.

Rahul Gandhi alleges break in long-followed tradition

Speaking outside Parliament, Rahul Gandhi said that it has traditionally been the norm for visiting foreign leaders to meet the Leader of the Opposition, a practice he claims continued during the tenures of Atal Bihari Vajpayee and Manmohan Singh.

He alleged that the present government advises foreign dignitaries against such meetings. “When foreign leaders come, the government suggests they should not meet the Leader of the Opposition. This is their policy,” Gandhi said. He added that a meeting with the Opposition offers visiting leaders a broader perspective, as “we too represent India.”

Gandhi further stated that this approach reflects the government’s reluctance to allow engagement between the Opposition and foreign guests.

Former Foreign Secretary counters Gandhi’s remarks

Responding to Gandhi’s allegations, former Foreign Secretary and Rajya Sabha MP Harsh Vardhan Shringla said visiting leaders operate on very tight schedules and there is no protocol mandating a meeting with the Leader of the Opposition. He stressed that such interactions depend entirely on the guest’s time and preference, noting that the required meetings are those with the President and the Prime Minister.

Putin’s schedule packed with bilateral engagements

Russian President Vladimir Putin is set to land in Delhi this evening on Prime Minister Narendra Modi’s invitation. His itinerary includes:

  • A private dinner with PM Modi
  • Visit to Mahatma Gandhi’s memorial at Raj Ghat
  • Engagements at Bharat Mandapam and Hyderabad House
  • A banquet hosted by President Droupadi Murmu

The visit forms part of the 23rd India-Russia Annual Summit.

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