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RBI MPC member Nagesh Kumar urged the government to offer policy incentives for R&D and establish an institutional fund for long-term manufacturing capital in the upcoming Budget. He also suggested restoring the 200% weighted tax deduction for R&D expenditure and creating a specialized development financing institution for manufacturing to boost growth and competitiveness.
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Europe is weighing up how to counter the US president's move against some of America's closest allies.
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With lenders using credit scores to decide everything from phone contracts to car finance, experts say understanding how it works could make a meaningful difference.
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