Which of the following is true regarding recently launched Newton Bhabha Fund ........

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Which of the following is true regarding recently launched Newton-Bhabha Fund?

Joint initiative of India and govt. of USA.

It will promote cooperation in the fields of science, research and innovation.

Pan Asian initiative to eradicate Ebola.

It will be exclusively used for space research.

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Explanation:

2nd option is correct.
Newton-Bhabha Fund will promote cooperation in the fields of science, research and innovation.
The Newton Bhabha Fund aims to bring together the UK and Indian scientific research and innovation sectors to find joint solutions to the challenges facing India in economic development and social welfare. In India, the Fund is worth £50 million over five years and is supported by the UK and Indian governments through a ministerial agreement. The Newton Bhabha Fund will use the UK’s strengths in research and innovation to support greater scientific research capacity in India and build research partnerships between British and India research institutions.