Budget has Unleashed Third Generation of Reforms: Jayant Sinha

Minister of State for Finance Jayant Sinha told NDTV's Vikram Chandra late on Saturday that the Union Budget 2015-16 has unleashed the third generation of reforms.

Here are the highlights of the discussion:

• Basic thought process is 'Sabka saath, sabka vikaas, sabka laabh'
• We have unleashed the third generation of reforms with this Budget
• We have reset the fiscal architecture of the Indian government, put in place the beginnings of a universal safety net scheme
• We have changed the monetary policy paradigm
• Budget is a plan of what you are going to do
• We have reset the fiscal architecture of the Indian government, put in place the beginnings of a universal safety net scheme
• You can't expect the execution to happen as the budget is read out, it happens the next day the day after; we are a round the year government
• What we're doing in innovation and entrepreneurship is truly exciting
• Just see the pro-active nature of the governance that we are providing.
• In a very short period of 9 months, we have got a good handle on very entrenched problems
• We have done the gameplan, now we go out and execute it