Govt defers stimulus package by a day

The much awaited government stimulus package aimed at countering impact of global downturn on the Indian economy is believed to have been deferred by a day.

The government package, different from the RBI's announcements, is likely to be unveiled on Sunday by the prime minister's office, a source said.

The Reserve Bank of India, however, may announce its decisions separately on Saturday.

The government is expected to announce several fiscal measures such as cut in excise duty on some products, to boost the growth.

A plan for big-time infrastructure funding is also awaited.