CNBC-TV18 Exclusive: FM says budget is a calculated risk

Published on Mon, Jul 06, 2009 at 20:18 |  Source : CNBC-TV18

Updated at Wed, Jul 08, 2009 at 11:02  

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CNBC-TV18 Exclusive: FM says budget is a calculated risk

Q: But just to be sure, this scheme is not going to apply to urban India. Do you have scheme that will apply to urban India?

A: We have given some scheme, not employment guarantee scheme as such but we have given some scheme for instance the food security. We are covering both urban poor and rural poor.

Q: But when will the manifesto commitment to extend the NREGA to urban India take affect?

A: Let us see how quickly we can do it.
Q: What about the food security act that was another important manifesto commitment. It is target straight at the aam admi, and although you talked about, it all you have done is to say you will set up a committee to look into it?

A: What I have suggested is that the draft legislation will be put on the website to invite comments from the informed circles and after having those inputs, I will put the legislations, as I have talked on reforms, direct tax reforms, direct tax code similarly I have stated about this legislations on food security act.

Q: When will the food security act become a reality or is it postponed to the year after?

A: No, I don't think so because as soon as we get, may be in the winter session, may be in the next budget session.

Q: It could happen in the next budget?

A: I do not know it depends. You cannot just presume that people are already sitting with their pen and give their comments tomorrow; you will have to give them some time.

  

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