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Swachh Bharat cess capital should be used correctly: Kidwai

The government is mulling a Swacch Bharat cess to increase the funds for Swacch Bharat Abhiyan.

October 20, 2015 / 20:59 IST
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The government is mulling a Swacch Bharat cess to increase the funds for Swacch Bharat Abhiyan. The Niti Aayog sub-group headed by Andhra CM Chandrababu Naidu has decided that levying Swachh Bharat cess would be a good idea. This is something that the FM had provisioned in the Union Budget, but had mentioned that a final call had to be taken on the imposition and levy.

In an interview to CNBC-TV18, Naina Lal Kidwai, Country Head, HSBC, says just providing capital is not important, it needs to be used for the right purposes too.

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Below is the transcript of Naina Lal Kidwai's interview with CNBC-TV18's Shereen Bhan.

Q: The Niti Aayog sub-group headed by Chandrababu Naidu has decided to levy Swachh Bharat cess. This was something that the Finance Minister had provisioned for in the Budget, but is this really a question of throwing money at the problem or do we require out of the box thinking at this point in time?