Trade bodies in Kozhikode have praised the Union Budget presented by Finance Minister Nirmala Seetharaman, calling it progressive and beneficial for economic development. The Budget includes guidelines for Global Capacity Centres in tier two cities and offers tax deductions for small and medium businesses, farmers, and other sectors. However, there is disappointment over the neglect of Kerala in comparison to other states like Bihar. The focus on infrastructure funding could benefit ports and airports in Kerala if the state government advocates for projects accordingly. The customs duty exemption for capital goods in the shipping sector is seen as a positive move.
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