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As Budget Falls Short, RBI May Focus On US-Style Operation Twist

Tuesday, February 4, 2020, 7:55 AM

Prime Minister Narendra Modi's second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia's third-largest economy. The fiscal plan delivered by Finance Minister Nirmala Sitharaman on Saturday proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs.