Budget silent on economic reforms: Yashwant Sinha

Finance Minister Pranab Mukherjee announced the Union Budget 2011-12 in Parliament today.

Finance minister Mukherjee announced a road map to bring down fiscal deficit to 3.6% over three years. The fiscal deficit for the year ending March 2012 is pegged at 4.6% and then to 4.1% in 2012-13.

Yashwant Sinha, Former Finance Minister says, the budget is silent on economic reforms.

Here is a verbatim transcript of the exclusive interview with Yashwant Sinha on CNBC-TV18.

Q: What are your first thoughts on what Pranab Mukherjee had to say with specific reference to that fiscal deficit target of 4.6%?

A: I have this document in my hands called