In April 2023, Mahabir Pun, the chairman of Nepal's National Innovation Center, initiated a protest at Maitighar Mandala in Kathmandu. His primary demand was for the government to prioritize innovation and research to foster job creation and entrepreneurship within the country. After four days of continuous agitation, on May 1, 2023, Pun and the government reached a seven-point agreement. Key provisions of this agreement included the government's commitment to allocate at least one percent of the annual development budget to support innovation and research. Additionally, the government agreed to draft and present a bill within 60 days to manage and operate a dedicated fund for these purposes. Following this agreement, Pun called off all protest activities. The Seven Point Agreement includes: 1. The Nepal government will establish a fund to conduct research and development, innovation and invention related activities in an integrated manner and will invest in research and de...
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