India is likely to raise its rural welfare spending by 16 per cent for the fiscal year beginning April, two government sources said, as Prime Minister Narendra Modi tries to woo the farm vote ahead of a general election due by May this year.In its Interim Budget on Friday, the government is set to earmark about Rs 1.3 trillion ($18.25 billion) for the Ministry of Rural Development, up from Rs 1.12 trillion in the current fiscal year, said the sources with direct knowledge of Budget discussions.The sources didn't wish to be named as the discussions were not public....
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