The interim Budget to be presented in the Lok Sabha is likely to provide for Rs 2,150 crore of recapitalisation package for three public sector banks — UCO Bank, Central Bank of India and Vijaya Bank

The package is aimed to help these banks to shore up their capital to over 12 per cent against various kinds of risks.

India Infrastructure Finance Company Limited is likely to be allowed to raise Rs 30,000 crore tax-free bonds for refinancing of projects mainly in the highway and port sector.The move will boost demand for raw materials like cement, steel, which will revive the slowing down economy as well as generate more employment.

Predictably, the engineering and automotive industries and real estate the segments that have been hit the worst by the current slowdown in the economy are the most vociferous about the expectations.