Finance minister Jaswant Singh is likely to announce a policy statement in Parliament to set out his priorities for the economy alongwith the supplementary budget which is slated for the end of this month.
The statement is expected to address several issues for which the government has attracted flak over the past few months including a re-look at the interest rate structure for small savings.
The government is keen that to restore a feel good factor in the economy to encourage investments to rebound and for this there is a need to address the critical middle class constituency. According to sources close to the finance minister the government will however find it difficult to rework the tax proposals because the finance bill has already been passed by both Houses.
The minister has already said that he wants to put