CII today hailed the General Budget as well balanced and progressive. Briefing media in New Delhi, CII President Sumit Mazumdar said a lot of announcements were made in rural economy and infrastructure sectors. He said there were some concerns on bad loans, and the Finance Minister has provided some relief in the area. Mr Mazumdar said required emphasis of rural sectors is present in the Budget. He said some taxes have gone up which is fair and acceptable.