FEELING THE PINCH

A sharp jump likely in interest rate outgo with government borrowings set to rise considerably

Grant-in-aid to states to increase due to higher compensation for GST shortfall, revenue deficit, grants for State Disaster Response Fund, etc.

Health, rural development and agriculture sector allocations likely to be higher than usual

Education and urban development may see marginal or no growth in expenditure during the year

No new schemes, except those under Pradhan Mantri Gareeb Kalyan Yojana and Atma Nirbhar Bharat Abhiyan, will be initiated this year