The Narendra Modi government will bring a “white paper” on the alleged economic mismanagement of the UPA government and the Budget Session of the Parliament has been extended for one day for this very reason, reported news agency ANI citing sources.
The so called “White Paper” will elaborate on India’s economic misery and its negative impacts on the economy through the White Paper on Economic Mismanagement during the UPA Government.
The White Paper will also include possible steps that could have been taken at that time to better manage the economy.
Earlier this month, Finance Minister Nirmala Sitharaman during a television interview had announced the government’s plan to bring the “White Paper” and alleged “10 glorious years” were lost.
“The kind of impact that it had, the mismanagement, it is not just talking about policy paralysis for a fragile five, it’s talking about every one of these steps, which, number one were immoral in the sense of not being right, and equally the kind of positive effect, if it had happened very well in a transparent fashion, it would have had on the economy. We lost 10 glorious years,” she had said.
Prime Minister Modi had also criticised the Congress for the 10-year rule of the UPA government between 2004-14 during his Parliament speech on Monday.
Modi said, “On the basis of the experience of 10 years of governance, looking at today’s strong economy and the rapid speed with which India is progressing today, I can confidently say that in our third term, India will be the third-largest economic power. This is Modi’s guarantee.”
The PM has said that the Congress-led UPA government had even lost the ability to think big and added, “I feel pity on their thinking.”