7-point agreement between the government and Mahavir Pun, to bring a draft of fund management within 60 days
Mahavir Pun, the founder of the National Innovation Center, has agreed on 7 points.
In the talks held on Monday between the Deputy Prime Minister and Defense Minister Purna Bahadur Khadka and the Chairman of the Center, Mahavir Pun, it was agreed that the government will establish a fund to carry out research and development, innovation and invention works in an integrated manner.
According to the agreement, the government will submit and pass a bill in the upcoming session of the Federal Parliament to manage and operate the fund and the draft of the bill will be prepared within the next 60 days in consultation with stakeholders.
Similarly, the agreement states that the government will deposit 1 percent of the capital budget of the federal government in the research and development, innovation and invention fund from the next financial year.
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