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Partial stimulus rollback likely in Budget.

Statesman (India)

| February 22, 2010 | COPYRIGHT 1999 The Statesman (English). (Hide copyright information)Copyright

Press Trust of IndiaNEW DELHI, 21 FEB: Union finance minister Mr Pranab Mukherjee will present Budget for 2010-11 fiscal on Friday amid speculation that excise duty may be raised as part of a partial rollback of the stimulus measures.However, direct tax rates are not likely to be tweaked for the time being as the finance ministry is unlikely to initiate reforms on the direct taxes code now, which is still being debated at various government levels, sources said.The direct taxes code, which will replace the archaic Income Tax Act, is unlikely to come in the Budget session, that begins from Monday, the sources added.The Prime Minister's Economic Advisory Council had also pitched for hike …

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