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The budget session of the Kerala assembly commenced on Tuesday with Governor Rajendra Vishwanath Arlekar reading out the Left government's policy which claimed that the state was under financial "pressures" due to the economic "curtailments" placed on it by the state. In his policy address marking the commencement of the 16th session of the 15th Kerala Legislative Assembly, Arlekar said due to the restrictions on the state's borrowing limits and adjustments to the Integrated Goods and Services Tax, led to it being denied Rs 17,000 crore in the 2025-26 financial year. Besides that, it suffered a further "loss" of Rs 4,250 crore due to the "Gross State Domestic Product (GSDP) methodology "which deviates from the accepted recommendations of the 15th Finance Commission", he said. Arlekar said that it has raised these concerns before the central government. The concerns raised by Kerala also include the "excessive centralisation of powers" and the union government's "interventions" in t
RBI Monetary Policy Committee member Nagesh Kumar on Monday said the government should provide policy incentives to promote R&D activities and create an institutional fund to ensure long-term capital for the industry in the forthcoming Budget. Finance Minister Nirmala Sitharaman will present the Union Budget for 2026-27 on February 1. "For boosting the manufacturing-led growth, the Union Budget 2026-17 should consider some policy incentives for promoting in-house R&D activity of Indian companies, given its role in strengthening their productivity and competitiveness," Kumar told PTI in an interview. He said Research, Development and Innovation (RDI) and Anusandhan National Research Foundation (ANRF) are important measures adopted in recent times. "But they need to be complemented by incentives for corporate R&D activity," he said, adding that restoring the 200 per cent weighted tax deduction for R&D expenditure could be one such policy. According to Kumar, another ...