<h1>Union Budget Gains FKCCI Approval: Tax Relief for Middle Class, Support for MSMEs, Agriculture Benefits Highlighted</h1> The Federation of Karnataka Chamber of Commerce and Industry (FKCCI) expressed approval of the Union Budget presented by the Finance Minister, noting that several of their demands were addressed. The budget removes Tax Collection at Source and provides tax exemptions for incomes up to Rs 12 lakh, benefiting the middle class. It emphasizes support for Micro, Small and Medium Enterprises (MSMEs) and the manufacturing sector by redefining MSME criteria and exempting certain imported materials and drugs from customs duty. Additionally, agriculture receives attention with tax exemptions on loans and equipment.