<h1>Indian Government Extends R&D Tax Incentives, Boosts Agriculture and Power Sector in 2012-13 Budget Proposal &D.</h1> The Indian government proposed measures in the 2012-13 budget to promote investment and growth in various sectors. A weighted deduction of 200% for research and development (R&D) expenditure in-house is extended for five years. Additionally, a 150% weighted deduction is proposed for agri-extension services to boost agriculture. For the power sector, the sunset date for tax exemptions is extended by one year, allowing establishments set up by March 31, 2013, to claim a 100% profit deduction for ten years. New power generation assets will receive an additional 20% depreciation in the initial year.