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In a departure from previous years, the development budget for the current fiscal year is likely to be revised upwards -- by about 11 percent -- to meet the government's ambitious plans.
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The finance ministry has taken several moves to bring down the mounting default loans and strengthen the banking sector's corporate governance.
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More than 35,000 employees of 260 municipalities have not received salaries for up to seven years due to fund crunch of the local government bodies.
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The government is likely to revise down the foreign aid allocation by 15 percent in fiscal 2018-19 -- at a time when there is a record high level of the low-cost fund sitting idle in the pipeline.
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Less than half the target of creating 39 lakh jobs was achieved in the first two years of the government's Seventh Five Year Plan (SFYP), though the country registered robust economic growth during the period.
