01 JUL,2019 | MEDC
In the additional Budget of Maharashtra presented recently, the Finance Minister said that the state government is reserving an outlay of Rs. 20 crore for the year 2019-20 to rejuvenate the MEDC. This is, obviously, good news for the Council, but it also reflects the fact that we are heading towards a knowledge economy, wherein the contribution of think tanks to policy influence is being increasingly acknowledged as a driver of positive change. Think tanks apply and adapt global knowledge to local needs, which ultimately leads to productivity growth. Working along with other academic bodies, they help to build a knowledge economy by crossing, blurring, and shifting research boundaries. Liberalization, privatization, and globalization have significantly changed the environment for knowledge production and dissemination, and, in this scenario, the intrinsic potential of think tanks in generating constructive ideas for socioeconomic development cannot be underestimated. The MEDC sincerely thanks the Chief Minister and Finance Minister of Maharashtra for this special provision.
*Photo Credit: Google