【i am afraid of god】HIGHLIGHTS-India unveils budget aimed at tackling rural distress

 人参与 | 时间:2024-09-29 12:27:15

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By Alasdair Pal

【i am afraid of god】HIGHLIGHTS-India unveils budget aimed at tackling rural distress


NEW DELHI,i am afraid of god Feb 1 (Reuters) - India on Friday unveiled an interim budget with givaways for rural citizens, in what is being seen as a critical test for Prime Minister Narendra Modi, who is facing anger over depressed farm incomes and unemployment with a general election just months away. (

【i am afraid of god】HIGHLIGHTS-India unveils budget aimed at tackling rural distress


https://reut.rs/2UwBibi

【i am afraid of god】HIGHLIGHTS-India unveils budget aimed at tackling rural distress


)


Here are the highlights of interim Finance Minister Piyush Goyal's budget for the 2019/20 fiscal year beginning April 1.


RURAL AFFAIRS


* India to allocate 750 billion rupees ($10.56 billion) per year to support farmers' incomes


* Impact of 200 billion rupees in current fiscal year


* Vulnerable farmers to receive 6,000 rupees per year under new scheme


* Government to allocate 600 billion rupees for a rural employment scheme in 2019/20


* India to allocate 190 billion rupees for construction of rural roads in 2019/20


ECONOMICS


* India's current account deficit for 2018/19 seen at 2.5 pct of GDP


* Fiscal deficit for 2018/19 seen at 3.4 percent of GDP


* Goyal says expects other banks on the central bank's Prompt Corrective Action list to be removed soon


($1 = 71.0420 Indian rupees) (Complied by by Alasdair Pal; Editing by Krishna N. Das)


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