CII Pushes for Budget 2025-26 to Spark Consumption and Tame Inflation

The Confederation of Indian Industry (CII) has suggested increasing the daily wage under the MGNREGS from ₹267 to ₹375, based on a 2017 expert committee's recommendation. This would cost an extra ₹42,000 crore but is considered important to help lower-income families and promote economic growth. With the Union Budget 2025-26 set for February 1, the CII is also calling for measures to boost spending, such as lowering the excise duty on fuel, raising the daily minimum wage, and increasing payments under the PM-KISAN scheme.