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UKRI Chief Executive To Visit India To address Newly Formed PM-STIAC

Chief Executive of UK Research and Innovation (UKRI), Professor Sir Mark Walport, is on a two-day visit to India’s capital city, Delhi this week to strengthen ongoing research relationships and address the newly-formed prime minister’s science, technology and innovation advisory council (PM-STIAC).

Mark Walport and Dr Tim Wheeler, Director International UK Research and Innovation, will also visit three Newton-Bhabha projects, which highlight the UK and India’s research collaborations.


The three projects, advance the efficiency and production potential of solar cells, develop and test innovative approaches to optimise agricultural nitrogen management to help meeting food security goals, and study the early life health effects of exposure to air pollution.

Mark Walport said, “in a world that depends on science and innovation to help address shared challenges, the creation of the prime minister’s science, technology and innovation advisory council comes at an exciting time for both India and its international partners. The UKRI-India collaboration has come a long way to provide solutions through its high-quality joint programmes and to prepare for future challenges.”

Professor K VijayRaghavan, principal scientific adviser to the Indian government said, “the ultimate goal of building a prosperous society and economy can be achieved through effective quality research, innovation and policies. As most of the challenges faced today are global in nature, it is important that India effectively leverages international science and technology collaboration to address these issues...”

The PM-STIAC is a new overarching body that assesses specific science and technology domains in India and formulates interventions and road-maps. It advises India’s prime minister on all matters of science, technology and innovation and monitors the implementation of the prime minister’s vision for the nation.

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Highlights

  • Unemployment rate climbs to 5 percent in the third quarter, up from 4.7 percent.
  • Wage growth continues to shrink as businesses delay hiring ahead of budget.
  • Weak labour data raises chances of Bank of England cutting interest rates.

The United Kingdom's unemployment rate increased more than expected to 5 percent in the third quarter, official data revealed Tuesday, marking the highest level since early 2021.

The Office for National Statistics said the rate had risen from 4.7 percent in the previous quarter. Analysts had predicted a smaller increase to 4.9 percent. The data comes just weeks before the Labour government is scheduled to present its annual budget on November (26), which is expected to include tax rises amid slow economic growth.

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