Agreement reached between govt and NIC Chair Pun

KATHMANDU: An agreement has been reached between the government and National Innovation Centre Chairperson. Mahabir Pun. Pun had been staging a sit-in putting forth various demands before the government. As per the agreement reached on Monday, the government will establish a fund to operate activities related to research, development, innovation and invention in an integrated manner and the fund will invest in research, development and innovation-related activities. Similarly, a bill to manage and operate the fund will be tabled and passed in the coming session of the Federal Parliament and a draft of the bill will be prepared within the next 60 days with the consultation of the stakeholders, according to Deputy Prime Minister Purna Bahadur Khadka's Secretariat. Likewise, an understanding was reached to deposit 1% amount of the capital budget of the federal government in the fund from next fiscal year, making necessary policy-level, legal and organisational arrangement to promote research, development, innovation and invention, to facilitate by reforming the laws related with the issues including providing necessary permission, licence, registration, operation and for the goods and services produced from the invention. DPM Khadka on behalf of the government and Chairperson Pun signed the agreement. By RSS READ ALSO:

• Not All Heroes Wear Capes: Mahabir Pun & Kavach Gears
• Scientist Pun honoured by British varsity
• Tourism entrepreneurs enquire into int'l flights operation from Pokhara airport