Business

Industry Groups and NSE Hail Budget 2025 as a Transformative Move Towards Achieving ‘Viksit Bharat’

Published

1 year ago

February 3, 2025

Industry organizations and the National Stock Exchange of India (NSE) have described the Union Budget for 2025-26, unveiled by Finance Minister Nirmala Sitharaman on Saturday, as a pivotal move towards achieving the vision of ‘Viksit Bharat.’ The budget emphasizes support for the middle class, micro, small and medium enterprises (MSMEs), startups, and job creation.

In response to the budget, the PHD Chamber of Commerce and Industry (PHDCCI) pointed out that the focus on the middle class and MSMEs is poised to enhance consumption, boost production, attract private investment, and generate employment.

Hemant Jain, President of PHDCCI, expressed appreciation for initiatives aimed at benefiting the middle income group, notably the announcement of no income tax on income up to Rs 12 lakh, along with tax rebates for individuals within this income bracket.

“The Union Budget’s focal points—taxation, power, urban development, mining, the financial sector, and regulatory reforms—are essential components for development,” Jain stated.

Sanjiv Puri, President of the Confederation of Indian Industry (CII), underscored the budget’s importance in fostering economic activity and job creation, especially within the agriculture, MSME, and export sectors.

“The budget clearly invests in vital areas for India’s growth, such as human capital development, urban infrastructure, and advanced technologies,” Puri noted.

Meanwhile, Ashishkumar Chauhan, MD & CEO of NSE, praised the budget’s announcements, which he believes strengthen India’s growth trajectory through robust development initiatives, ongoing fiscal discipline, increased capital expenditure, and alleviated tax burdens.

“An increase in disposable income will stimulate consumption growth and create more wealth-generating opportunities for Indian households in the market. This will encourage more individuals to join the ranks of the current 11 crore unique investors, turning them into stakeholders in India’s growth journey, thereby fostering a reinforcing cycle of economic expansion, capital formation, and job creation,” Chauhan explained.

The corporate sector has welcomed the budgetary provisions for education and startups.

Sumeet Mehta, CEO and Co-Founder of LEAD Group, emphasized the significance of allocating 61 percent of the total education budget to school education, calling it a commendable step towards enhancing foundational learning.

“The budget makes critical progress in closing the digital gap by prioritizing broadband access in rural areas, facilitating digital education for all. Its focus on digital initiatives like e-books and multilingual resources aims at crafting a more inclusive and future-ready educational landscape,” Mehta remarked.

In welcoming the budget’s support for startups, Ashish Gupta, CEO of Fretbox, stated, “The establishment of a ‘Fund of Funds for Startups’ with a Rs 10,000 crore investment will significantly enhance innovation and entrepreneurship. Additionally, the initiative to support 5 lakh women, SC, and ST first-time entrepreneurs will foster inclusive growth,” Gupta added.

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Related Topics:Budget 2025 National Stock Exchange of India Nirmala Sitharaman Viksit Bharat

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Business

Tomato Prices Crash from Rs.1200 to Rs.80, Farmers in Distress

Published

3 weeks ago

March 25, 2026

Namma Kudla

Business: Tomato prices in Vijayanagara district have dropped sharply, causing heavy losses to farmers and traders. A box of tomatoes that was earlier sold for Rs.1000 to Rs.1200 is now being sold for just Rs.80 to Rs.100.

Due to the sudden fall in prices, farmers are struggling to recover their investment. Many had taken loans to grow the crop and are now facing financial difficulties.

In local markets, traders are selling tomatoes at very low rates. Around 2 to 4 kilograms of tomatoes are being sold for just Rs.20.

The price crash has been linked to multiple reasons. Export of tomatoes to other countries has reduced due to the Iran–Israel conflict. In addition, many hotels are not operating properly due to a shortage of cooking gas cylinders. This has reduced demand for tomatoes.

As a result, both farmers and sellers are facing serious losses, and the situation has become very difficult for them.

Business

Gold Prices Rise in Mangaluru; 24K Gold at Rs.13,564 per Gram

Published

3 weeks ago

March 24, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been updated today, reflecting the latest market trends.

The price of 24 karat gold (99.9% purity) stands at Rs.13,564 per gram. Meanwhile, 22 karat gold (91.6% purity) is priced at Rs.12,434 per gram. The rate for 18 karat gold (75% purity) is Rs.10,173 per gram.

Mangaluru, known for its rich coastal culture and love for seafood, also has a deep connection with gold. The demand for gold ornaments in the city remains strong, especially during weddings and festivals.

The gold trade in Mangaluru has a long history and continues to play an important role in the local economy. Many families prefer investing in gold due to its cultural and financial value.

Buyers are advised to check the latest rates before making any purchase, as gold prices may change daily based on market conditions.

For those planning to buy gold, using a Gold Rate Calculator can help in getting accurate pricing based on weight and purity.

Business

Good News for Milk Producers in Chikkaballapur – 50 Paise Increase per Litre

Published

1 month ago

March 8, 2026

Namma Kudla

Chikkaballapur: The Chikkaballapur Milk Union (Chimul) has announced good news for milk producers in Chikkaballapur district. The union has decided to increase the milk procurement price by 50 paise per litre, which will benefit dairy farmers in the district.

Earlier, on January 1, Chimul had increased the price by Rs.1 per litre as a New Year benefit to farmers. Now, the union has announced an additional 50 paise increase.

With this latest revision, dairy farmers will receive Rs.36.40 per litre for milk. The 50 paise increase will remain in effect until the end of May.

Chimul President Manjunath Reddy told Public TV that the union will review its profits and may continue the price increase in the future based on financial performance.

The decision is expected to provide some relief and encouragement to dairy farmers in Chikkaballapur district.