Farming and allied industries are the backbone of India’s economy. In modernizing agricultural practices, Artificial Intelligence (AI) will play a key role in achieving the objective of doubling farmers’ incomes by 2022. Agriculture is also listed by India’s national AI strategy as one of the main areas where AI can enable growth and greater inclusion. AI-enabled farming solutions help farmers improve crop productivity, monitor soil health, optimize the management of pests and weeds, manage irrigation, and help farmers to pay the best price. In line with the aspirations of the country, the Confederation of Indian Industry (CII) is working to grow the agricultural sector. A main focus area is upgrading the technology quotient in agriculture. Union Minister of Agriculture and Farmers’ Welfare Mr. Narendra Singh Tomar announced onNovember 6, 2020 that the Centre would soon launch a ‘price information and market intelligence system’ powered by AI that will enable farmers to find out the latest prices of different farm products in markets across the nation. He said while announcing the plan, “We are developing a price mechanism. Through this process, even a person sitting in Badaun will know the prices prevailing in Kolkata market every day in the morning. This scheme is being built and very soon it will be launched.” Several start-ups are now also committed to maintaining the agricultural sector through the AI system. In Andhra Pradesh, a company is using AI to power a sowing app, leading to a higher crop yield per hectare. In addition, AI algorithms are being used to monitor crop… Continue reading The Agricultural Revolution of India written by Sangharsh Kale
Foot-binding was a painful and permanent ritual custom of restricting young girls feet as small as possible from a normal growth. This custom was extensively used as a status symbol among the elite to improve their social prospects. It was believed a woman’s attractiveness and elegance would enhance with bound feet. Largely, it was practiced by the… Continue reading Foot-binding in China by Rajesh Ravindranath
A landmark policy initiative written by Chayan Sen A landmark policy initiative, ‘Science, Technology, and Innovation Policy 2020’ (STIP 2020) has been initiated. The recent advancements in the global and national STI landscape, STIP 2020 aims to reorient STI efforts in terms of priorities, sectoral focus, and strategies. It aims to revisit and re-energize the way research is conducted; technologies developed and… Continue reading Science, Technology, and Innovation Policy 2020
The Circular Economy Trend : Are you in the know? The Decade of Action In 2019, the UN General-Secretary called on all sectors of society to mobilize a ‘decade of action’ to address the world’s biggest challenges extending from climate change, inequality, poverty and closing the finance gap. We are at the beginning of the… Continue reading Circular economies and Sustainability
Department of Scientific & Industrial Research (DSIR) up until 31st March
2020, offered manufacturing companies,
tax exemptions u/s 35 (2AB) of the
Income Tax Act, 1961 up to 150% for expenses incurred on R&D in their
respective field. This exemption would let companies spend more money in their
R&D & helped in innovating new technology, product development &
April 2020, the Government of India phased down the tax exemption to 100% of
the expense incurred on R&D. This decision has come as a significant blow
affecting all major manufacturing companies involved in research &
development. We at Scinnovation, are positive, that these exemptions wouldn’t
be phased down any further.
claim these tax deductions, a manufacturing company had to sign an agreement
with DSIR for co-operation, a company had to fulfil certain conditions
concerning the maintenance of accounts & audit thereof & furnishing of
reports in a manner as may be prescribed by DSIR.
With the lowered tax
exemption of 100%, the company is not mandated to enter into an agreement with
DSIR to claim the tax exemption.
we would recommend that a company trying to avail the tax exemption should
apply for recognition as an in-house R&D centre by DSIR. By doing so, the
company will drastically speed up the claim period.
Scinnovation Consultants will help your company get DSIR Recognition for your
Research & Development efforts. Having worked with multiple seed companies
we have developed expertise in the area. SCinnovation Consultants has a 100%
track record in terms of getting the DSIR Recognition.
inquiry please contact Mr. Rajesh Ravindranathan, Client Acquisition Specialist
Research, development and opportunities Sustainability is a guiding influence for all of research areas. It is based on a simple principle: Everything that we need for our survival and well-being depends, either directly or indirectly, on our natural environment. A sustainable program should not just be self-sufficient, but also self-reliant. The emphasis on sustainability of… Continue reading SUSTAINABILITY
(Article By Rajeev Surana, Founder & CEO, SCPL) AI is the new buzz word all around but a lot of us wonder what it really means and how can one use it in our lives. AI or Artificial Intelligence as it is called is making machines and computing systems more intelligent and cognitive. We all love… Continue reading Demystifying Artificial Intelligence
(By Sangharsh Kale, R&D Incentives Associate, SCPL) Electric cars are powered by an electric motor rather than a traditional diesel or petrol motor. The electric motor itself is powered by rechargeable batteries which can be charged just like our mobile phones. Electric vehicle(EVs) are fast, fun & efficient, and maintaining them is far simpler than… Continue reading Demystifying Electric Vehicles: Zooming Towards A Sustainable Future
(Article by Rajesh Ravindranathan, Head HR & Finance, SCPL) As the Covid-19 epidemic breaks mayhem in the retail industry, there are some questions to be answered, namely: will businesses risk and increase their spending on branding in the aftermath of such a devastating crisis? Advertising and promotions are what a product describes about itself to consumers. It… Continue reading Why Branding Matters More Than Ever?