Cabinet Approves New Sports Policy, Rs 1 Trillion R&D Fund
ECONOMY & POLICY

Cabinet Approves New Sports Policy, Rs 1 Trillion R&D Fund

The Union Cabinet, chaired by Prime Minister Narendra Modi, has cleared a new National Sports Policy that replaces the 2001 framework. Designed as a strategic roadmap, the policy seeks to transform India into a global sporting power and a serious medal contender at the 2036 Olympic Games.

Youth Affairs and Sports Minister Mansukh Mandviya hailed the measure as a “landmark” step that will nurture a sports culture at the grassroots, expand infrastructure, and strengthen athlete development.

Beyond sport, the Cabinet approved several initiatives aimed at research and job creation. Chief among them is a Rs 1 trillion fund to support research, development, and innovation in sunrise sectors, accelerating technological progress and manufacturing strength.

An Employment Linked Incentive Scheme was also endorsed. Union Minister Ashwini Vaishnaw explained that the scheme focuses on manufacturing, with separate provisions to encourage both first time employers and sustained job creation.

The Union Cabinet, chaired by Prime Minister Narendra Modi, has cleared a new National Sports Policy that replaces the 2001 framework. Designed as a strategic roadmap, the policy seeks to transform India into a global sporting power and a serious medal contender at the 2036 Olympic Games.Youth Affairs and Sports Minister Mansukh Mandviya hailed the measure as a “landmark” step that will nurture a sports culture at the grassroots, expand infrastructure, and strengthen athlete development.Beyond sport, the Cabinet approved several initiatives aimed at research and job creation. Chief among them is a Rs 1 trillion fund to support research, development, and innovation in sunrise sectors, accelerating technological progress and manufacturing strength.An Employment Linked Incentive Scheme was also endorsed. Union Minister Ashwini Vaishnaw explained that the scheme focuses on manufacturing, with separate provisions to encourage both first time employers and sustained job creation. 

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?