Asserting that through research and innovation the country could achieve sustainable prosperity, the minister said institutions like the IISc would not face a financial crunch as it would be adequately funded.
"GST (Goods and Services Tax) will enable the government to provide more funds to health, education, research and innovation," reiterated Mr. Javadekar while interacting with the faculty and research scholars of the premier institute.
The new indirect tax regime (GST) came into force from Saturday across the country after President Pranab Mukherjee unveiled it in Parliament at the stroke of midnight.
IISc Director Anurag Kumar and other students were present on the occasion.
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