IICA forms CWG on Corporate Affairs and ESG under Chairmanship of DG, IICA (See 'Corp Brief') Coal PSUs announce Performance Linked Reward of Rs 1,03,000 for Non-executive Workers (See 'Corp Brief') CCPA imposes penalty of Rs 2 Lakh on Digital Age Retail Pvt. Ltd for misleading ads (See 'Corp Brief') 20.36 lakh New Workers Enrolled under ESI Scheme in July, 2025 (See 'Corp Brief') Indian Textile Delegation showcases India's Strength at Manchester Roadshow (See 'Corp Brief') NI Act - Accused persons convicted under cheque dishonour cases are entitled to benefit of Probation of Offenders Act: SC (See 'Legal Desk') NI Act - Breach of Sec 269SS of Income tax Act attracting penalty prescribed u/s 271D, can by itself does not invalidate any debt for purpose of proceedings u/s 138 of Negotiable Instruments Act: SC (See 'Legal Desk') GeM launches campaign to promote ethical practices in public procurement (See 'Corp Brief') A&C - When arbitral award provides composite interest rate covering entire period from cause of action to payment, award holder cannot claim additional compound interest at post-award stage u/s 31(7)(b): SC (See 'Legal Desk') Misc - Suit instituted seeking possession of immovable property on ground that defendant's sale deed is void is governed by 12-year limitation period under Article 65 of Limitation Act, 1963: SC (See 'Legal Desk') 'Rail Chaupal' and 'Amrit Samwad' to enhance Public Awareness (See 'Corp Brief') PMLA - Attribution of knowledge for purposes of PMLA implication may potentially bring in its fold full range, spectrum and degrees of 'knowing': HC (See 'Legal Desk') SEBI - Benefit of doubt is allowed to Noticee if alleged violation of provision in respect of Noticee does not stand established: SEBI (See 'Legal Desk') India hosts 8th Annual Contractors Meeting 2025 of International Seabed Authority (See 'Corp Brief') MoS inaugurates Dental Technology Innovation Hub at MAIDS (See 'Corp Brief') PMLA - Secured creditor is entitled to stake its claim before liquidator as per Section 53 of IBC: SAFEMA (See 'Legal Desk') Cutting-Edge Aquaculture Technologies will be on display at World Food India (See 'Corp Brief') SARFAESI - 2016 amendment to Sec 13(8) which extinguishes borrower's right of redemption once secured creditor publishes auction notice, applies to loans taken before such amendment came into force, provided default occurred after Sep 01, 2016: SC (See 'Legal Desk') 1 Billion+ Tonnes Domestic Coal Production Achieved (See 'Corp Brief') Misc - Classification of hotels based on star ratings for property tax purposes, is justified, as it satisfies constitutional requirements under Art 14 of Constitution: HC (See 'Legal Desk') Sustainable Livestock Farming needs Ayurveda-Backed Veterinary Practices: Gangwar (See 'Corp Brief') Misc - Imposition of higher rate of property tax on luxury hotels by Municipal Corporation of Delhi is neither arbitrary nor discriminatory: HC (See 'Legal Desk') CCI permits Rieter Holding to acquire OC Oerlikon Textile (See 'Corp Brief') PMLA - Proceeds of crime would also include property equivalent in value to property derived from criminal activity relating to scheduled offence, even though acquired through known sources of income: SAFEMA (See 'Legal Desk') NITI Aayog releases report on India's Innovation Story (See 'Corp Brief') IPR - Mark not used for continuous period of at least five years, makes it liable for removal u/s 47(1)(b) of Trade Marks Act, upon plea of aggreived person: HC (See 'Legal Desk') CCI allows Anahera Investment to acquire a combination of toll companies (See 'Corp Brief') SEBI - Breach of civil obligation would immediately attract levy of penalty irrespective of fact whether contravention made by defaulter with guilty intention or not: SEBI (See 'Legal Desk') CCI nod to merger and demerger of AMPL and AHTL (See 'Corp Brief') PMLA - Anticipatory bail can be denied considering materials detrimental to proceedings: SC (See 'Legal Desk')

NITI Aayog releases report on India's Innovation Story

Published: Sep 24, 2025

By TIOLCorplaws News Service

NEW DELHI, SEP 24, 2025: NITI Aayog yesterday unveiled its comprehensive report, "Pathways to Progress: Analysis and Insights into India's Innovation Story". The report captures India's remarkable journey in science, technology, and innovation, providing a detailed assessment of the country's achievements, challenges, and opportunities to strengthen its position as a global innovation hub.

At the launch, Dr. Deepak Bagla, Mission Director, Atal Innovation Mission, elaborated on the transformative role of AIM in nurturing entrepreneurial talent, fostering innovation at scale, and creating a vibrant startup culture across the country.

Dr. V.K. Saraswat, Member, NITI Aayog, emphasized the strategic importance of science, technology, and innovation in shaping India's development trajectory. He noted that the report provides critical evidence-based insights that can guide policymaking, strengthen institutional linkages, and enhance collaboration between academia, industry, and government.

Dr. Jitendra Singh, Minister of State (Independent Charge), Ministry of Science & Technology, emphasized that innovation in India is pervasive and not confined to frontier technologies alone. He highlighted the government's initiatives to advance research, promote technology development, and facilitate the commercialization of innovations across all sectors. He underscored the importance of inclusive and context-driven innovation that addresses real-world challenges while strengthening India's overall capacity to compete globally and drive sustainable, equitable growth.

Dharmendra Pradhan, Minister of Education and Chief Guest for the event, delivered the keynote address. He underscored India's progress in building a robust innovation ecosystem and stressed the importance of positioning Bharat as a global brand of excellence in knowledge, science, and technology. He called for harnessing India's youth, talent, and institutional strengths to drive innovation that is both scalable and inclusive.

The event was also graced by the Secretaries of the Department of Science & Technology (DST), Department of Biotechnology (DBT), Ministry of Earth Sciences (MoES), and Department of School Education & Literacy (DSEL), Program Directors, NITI Aayog, reflecting the Government's strong commitment to advancing India's innovation ecosystem.

The report provides a holistic view of India's innovation ecosystem, encompassing national and state initiatives, industry and grassroots innovations, startups, university-industry-government collaborations, and India's positioning in global innovation rankings. The report also identifies systemic challenges and lays out a forward-looking roadmap that includes scaling successful models, fostering deep technology innovation, strengthening knowledge creation, enhancing global integration, and building innovation capacity across states. With the release of this report, NITI Aayog reinforces its commitment to nurturing a knowledge-driven, innovation-led economy and advancing India's ambition of emerging as a global hub for science, technology, and entrepreneurship.

TIOL CORP SEARCH

TIOL GROUP WEBSITES