MUMBAI, June 17 (Reuters) - Indian newspapers carried the following stories related to the budget in their print or Web editions on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
* Consumer goods companies expect continued focus on rural areas via employment guarantees schemes and profitable supply of funds to the rural sector.
* Firms also expect selective cuts in excise duty to 0 percent as incentive for companies providing energy-efficient goods and for marketers expanding into rural markets not connected by good roads and infrastructure -- Business Standard
* IT sector is hopeful of getting an extension of tax breaks under the Software Technology Park of India Act beyond 2010.
* The government plans to restore the 4 percent excise duty on steel and cement in the budget, which was removed as part of the stimulus packages -- Times of India.
* The government is set to spend 85-90 billion rupees on recapitalising public sector banks this year -- Hindustan Times.
* Auto industry has sought rationalisation of excise duties for cars which is currently biased towards small cars, asking for a uniformity of taxation across segments -- Hindustan Times.
* The service tax is expected to be retained at 10 percent -- Financial Express.
Source : REUTERS