The Union Cabinet approved introducing the National Research Foundation (NRF) Bill 2023 to promote Research and Development (R&D) in the country.        

After approval from the parliament, NRF will be established to function as the apex body, which will provide strategic direction to research.         

The Science and Engineering Research Board will be repelled and subsumed under this bill.         

The Department of Science and Technology will function as the administrative department.        

Ex-officio President: Prime Minister          

Ex-officio Vice Presidents: the Union Ministers of Science and Technology and Education.        

The NRF will create a policy framework and put forward regulatory processes to increase collaboration and funding for R&D.