<\/p>\n
September 25, Kathmandu:<\/strong> Newly appointed Minister for Education, Science and Technology, Mahabir Pun, \u00a0has expressed the need to allocate at least 1% of the nation\u2019s budget to research and innovation.<\/p>\n In a recent interview, the Minister said Nepal\u2019s current Research and Development (R&D) spending, below 0.1% of GDP, lagged far behind global leaders like Israel, which invests over 5% of its GDP in R&D, and other developed countries like the United States and Germany, averaging around 2.5\u20133%, fueling their technological and economic advancements.<\/p>\n He stated that for education to be free, the country must have a prosperous and stable economy, adding that in today’s day and age, such an economy can be achieved through incentivizing and investing in innovation and entrepreneurship.<\/p>\n The Minister said that Nepal could start by investing at least 1% of its GDP in research and innovation and gradually increase it to 2% and 3%.<\/p>\n","protected":false},"excerpt":{"rendered":" September 25, Kathmandu: Newly appointed Minister for Education, Science and Technology, Mahabir Pun, \u00a0has expressed the need to allocate at least 1% of the nation\u2019s budget to research and innovation. In a recent interview, the Minister said Nepal\u2019s current Research and Development (R&D) spending, below 0.1% of GDP, lagged far behind global leaders like …<\/p>\n","protected":false},"author":8,"featured_media":417123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75,8,3,6,4,5],"tags":[],"reporter":[26],"class_list":["post-417290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-administration","category-en-cover","category-english","category-en-featured","category-en-news","category-top-stories","reporter-kaushal-ghimire"],"acf":[],"_links":{"self":[{"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/posts\/417290"}],"collection":[{"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/comments?post=417290"}],"version-history":[{"count":5,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/posts\/417290\/revisions"}],"predecessor-version":[{"id":417301,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/posts\/417290\/revisions\/417301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/media\/417123"}],"wp:attachment":[{"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/media?parent=417290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/categories?post=417290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/tags?post=417290"},{"taxonomy":"reporter","embeddable":true,"href":"https:\/\/radionepalonline.com\/en\/wp-json\/wp\/v2\/reporter?post=417290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}