Dhirendra Sharma For the developing nations, 'Science Policy' has a special significance because it stands for deliberate efforts of formulating national goals and systematic planning towards achieving specific aspirations of the people. Science Policy is not mere allocation and institutional management of funds and resources provided for R and D; in its broadest sense, it concerns itself with the generation of new knowledge and its application to the development of society. Thus, Science Policy inherently involves consideration not only of the economist, the sociologist and the philosopher, but also of the political leadership.