Australia commits $ 5 billion fund to promote research in Universities

It is heartening to find that the newspapers today are full of the news of the creation of a Reserch Endowment Fund of A$ 5 billion to prime up research in Universities. This fund comes out of budget surplus generated by the government.

Two things are clear;

    countries like Australia clearly look at Universities as the correct places to invest, that toosignificantly.

    second, the ministers manage to generate surpluses.

Both these things are worth emulating by Indian governments. I hope it happens some day

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