【personal loan leads】HIGHLIGHTS-India unveils budget aimed at tackling rural distress
(Adds policies)
By Alasdair Pal
NEW DELHI,personal loan leads 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. (
https://reut.rs/2UwBibi
)
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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