Chamber of Industrial and Commercial Undertakings (CICU) on Thursday held a live streaming session of interim budget of centre government. During the program which was held at a city hotel, CICU held a analysis session by economists on the interim budget 2024-25 presented by union finance minister Nirmala Sitharaman . Several noted professionals and industry experts shared their views post announcement of budget.

Summing up the budget, Upkar Singh Ahuja, CICU President said, “This budget was of high-hopes for the middle class and we appreciate the government’s concern about uplifting the logistics and endeavour to add three more rail corridors for Energy, Cement and Mineral. The announcement of Rooftop Solarisation and encouraging the private sector to scale up R&D by making Rs. 1,00,000 crore corpus available are also appreciable steps”

During the session Honey Sethi (General Secretay-CICU), Dr. S.B. Singh (Joint Secretary--CICU), JS Bhogal (Publicity Secretary--CICU), Gautam Malhotra (VP-CICU), Sarbjit Singh (CICU- Export committee Co-Convenor), Ajay Bharti and CA Mantosh Kumar Gupta were also present and lauded the budget believing this to be a long vision budget.

Govt’s target of fiscal deficit at 5.1% of GDP, encouraging tourism by introducing long term interest free loans to the states, 40,000 rail bogies to be converted to Vande Bharat Standards and roof top solar panels by which 1cr households will be able to get 300 units per month fully free were the major points in the discussion held by the house.

Among the industrialists, Rajnish Ahuja, Amarjit Singh, Jaspal Singh Shahpuri, Rohit Pahwa, S.S. Passi, Jaspal Singh Sall, Gurmel Singh, Ravinder Saini, Mandeep Singh Soori and Davinder Singh Panesar were also present and shared their views on the budget.

MSME industry budget centre Government