The Federation of Telangana Chambers of Commerce and Industry has termed the Union Budget presented by Union Finance Minister in the Lok Sabha today as very good one and a well-balanced one of prudence.<br />''<br />''FTCCI president Anil Agarwal said the budget is well-balanced.<br />''<br />''Industry Development Committee of the FTCCI Srinivas Garimella also termed the Budget as balanced.<br />''<br />''CII Telangana Vice Chairman C Shekhar Reddy said the industry welcomes the budget saying it provided relief to several sections of society. Speaking to Our Correspondent, he said besides focusing on infrastructure, the Budget also announced creation of Urban Infrastructure Fund which will benefit States.  <br />''<br />''Former dean of ASCI Yerram Raju said the measures announced by Union Finance Nirmala Sitaraman will take the economy to a very high level.<br />''<br />''Managing Director of a manufacturer with Defence, Jacob Paul said measures announced in Budget will help increase Production and enhance Research and Development.<br />''<br />