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The Union Budget 2026-27 has introduced a significant tax holiday until 2047 for foreign companies utilizing Indian data centers to provide global cloud services, aiming to transform India into a major hub for Artificial Intelligence and digital infrastructure by incentivizing data center investment and positioning the country as an export base for cloud computing. This initiative aligns with India's ambition to lead global AI discussions, underscored by its upcoming hosting of the India AI Impact Summit, and follows substantial investments pledged by tech giants like Microsoft and Google in AI infrastructure and data centers. The policy is viewed by industry leaders as a crucial step in strengthening India's technological ecosystem, enabling it to become a global center for designing and running mission-critical systems, and reinforcing data sovereignty and a resilient digital economy.
26 civic bodies across the country have raised ₹ 3,783.9 crore through municipal bonds.
LSG Minister M B Rajesh told Onmanorama that the survey report is a fitting reply to those who have mocked the Kerala model.
Finance minister K N Balagopal constantly grumbles about the vindictive manner in which the BJP-led Centre goes about restricting Kerala's access to development funds.
Finance Minister stressed that the cut in GST rates would drive domestic demand.
Over 13 lakh employees and workers in the state will benefit from these Onam payments.
The Centre has not agreed to a blanket waiver of loans taken by victims.
GST reforms are underway in India, aiming to simplify the tax structure and reduce the tax burden on everyday essentials.
The India US trade agreement faces disagreements on agriculture and dairy, which are 'big red lines' for India.
Balagopal also said funds for welfare boards have been transferred to the respective boards for disbursement.
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