This document outlines the key aspects of research formulation according to Dr. Ved Nath Jha. It discusses the meaning of research, objectives of research such as gaining insights or testing hypotheses. It also covers types of research methods and methodology. The research process involves formulating the problem, conducting a literature review, developing hypotheses, designing the research, collecting and analyzing data, and reporting results. Developing good working hypotheses requires discussions with experts and preliminary investigations. An effective research design considers how information will be obtained and organized within time and cost constraints. Rigorous criteria for good research include clearly defining the purpose, describing the methodology, using objective procedures, acknowledging limitations, conducting adequate analysis, and limiting conclusions to what the data supports.