In order to bring premier educational institutions like IITs/NITs/ IISERs and IIITs into international knowledge network, Government has undertaken several initiatives such as:

The priority areas of higher education during the Twelfth Five Year Plan (2012-17) are focuson expansion, equity and excellence with a greater emphasis on quality of higher education mainly by way of setting up of new institutions;

The Minister of State for Science and Technology & Earth Sciences, Mr. Y. S. Chowdary, has said that biotechnology will be the leader among the knowledge based industries of the 21st century. He said producing affordable products will be major issue for India.

In a major relief for government employees, Ministry of Personnel, Public Grievances and Pensions has announced several relaxations in General Provident Fund Rules, with liberalization and simplification, particularly relating to advances and withdrawals by the subscriber/ employee.

The Punjab and Haryana High Court, while dealing with the case Payal Meehta v. Sanjay Sarin, 2016 by its judgment and order dated 27.01.2016 referred the matter to the Law Commission of India for consideration as to whether the provisions of Section 64(1A) of the Income Tax Act,