Rollbacks coming, wait for Parliament session: Sinha

panaji: under pressure from the bjp to roll back some of the budget proposals including reduction in small savings rate, finance minister yashwant sinha said on saturday changes, if any, would be announced during the discussion on the finance bill in parliament. without going into which tax proposals would be rolled back, sinha said: "the bjp national executive here has come out with certain suggestions and whether they are accepted or not, i will tell parliament during discussion on the finance bill." the national executive did not pass a resolution on the issue but had an open discussion, he said, adding there was nothing new in amendments being brought in the finance bill. "if you look at the history of finance bills, you will see every finance minister has made some changes. after you present the budget, you get representation from many groups," he said adding "even i had made changes in the past. if you want to call it rollback, you can do it." "i have explained to the national executive the reasons for the interest rate cut. if there is depositor, there is also a borrower. reduction in interest rate on deposits will also bring down the lending rates," sinha said. at the national executive, several members had demanded rollback of the 0.5 per cent cut on interest rates on small savings schemes saying the middle class and retired people would be badly hit. to a pointed question if he was considering the rollback of the interest rate cut, sinha said just as "i announced the rate cut in parliament, i shall announce any changes only in parliament at the time of the finance bill." bjp president jana krishnamurthy, at the inauguration of the national executive meeting on friday, said: "there is an impression tht some of our budget proposals have also contributed to our setback (in elections). even our prime minister has made mention of it." he said: "this is a matter that needs to be gone into carefully and if this impression proves to be correct then the matter needs to be examined as to how to neutralise the adverse impact or to go in for immunisation." bjp leaders have been voicing concern over withdrawal of some tax saving concessions which they feel have hit hard the middle class, a strong vote bank of the party and the reduction of the interest rate of the small savings. krishnamurthy said in a country like india where there was no adequate social safety net, often retired persons had to depend on their hard-earned savings during their old age. meanwhile, finance ministry was reportedly looking at three key areas -- roll back of interest rate on small savings, pruning off income tax rebate in savings instruments and the decision to tax dividends on the hands of recipients.