The interim budget for 2019/20 allocated 600 billion rupees for a rural jobs programme and 190 billion for building of roads in the countryside. SLIPPAGEThe big giveaways resulted in fiscal slippage, for a government that has been seeking to drag down its deficit. The budget would put the fiscal deficit for the year ending on March 31 at 3.4 percent of gross domestic product (GDP), slightly higher than the targeted 3.3 percent. India's fiscal slippage also drew a warning from credit rating agency Moody's Investors Service. India's bond yields spiked amid worries over the fiscal slippage and the government's borrowing plans.

Source: bd News24 February 01, 2019 11:48 UTC