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    <title>Business chambers in Bengal laud union budget as &#039;&#039;progressive&#039;&#039;, &#039;&#039;forward-looking&#039;&#039;</title>
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    <description>Business associations welcomed the Union Budget 2025 26 for prioritising growth, inclusion and private investment through tax reforms, simplified compliance, regional connectivity and infrastructure initiatives. Key operative measures for MSMEs include enhanced credit guarantee cover, raised investment limits and targeted support for women entrepreneurs, while concerns remained about the absence of a credit linked capital subsidy and the need for further reforms in manufacturing, labour laws and vocational training. The budget also signals higher healthcare spending, steps to increase foreign investment in insurance, and a fiscal deficit reduction target for the coming year.</description>
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