The ongoing budget session of Parliament will be extended by one day to Saturday, with the government set to present a “white paper” comparing the state of the Indian economy before and after 2014, when the Bharatiya Janata Party-led NDA came to power after defeating the BJP. Congress.
Finance Minister Nirmala Sitharaman will reportedly submit the “white paper” on Saturday to highlight the dire economic state of the country when the Congress-led UPA ousts (Prime Minister Narendra The Narendra Modi-led government has often blamed this), and how the current distribution has brought about the transformation.
The meeting started on January 31st and was scheduled to end on February 9th.
Economic White Paper
The government will publish a white paper on economic mismanagement by 2014 to learn lessons. Prime Minister Narendra Modi’s NDA government came to power in May 2014 after 10 years of the Congress-led UPA government at the centre.
Why does the government bring a white paper?
“It is time to look back at where we were before 2014 and where we are now just to learn lessons from the mismanagement of those years. “The government will table a white paper in the House,” FM Sithraman submitted next on February 1 Announced during the interim budget for the fiscal year.
She said the need of the hour was to give people hope, attract investment and provide support for much-needed reforms. “The government has succeeded in doing this with the strong belief of ‘nation first’,” Sitharaman said.
She further said that the crisis that year has been overcome and the economy has firmly embarked on a highly sustainable and comprehensive growth path. Sitharaman began her nearly hour-long budget speech by stressing that the Indian economy has undergone profound positive transformation over the past decade.
She said the people of India look to the future with hope and optimism.
“When our government came to power in 2014 with the blessings of the people under the visionary and dynamic leadership of Prime Minister Narendra Modi, the country faced huge challenges,” the senior minister said.
2024 mid-term budget
Sitharaman, who is presenting the sixth budget, said that with “Sabka Saath, Sabka Vikas” as the “mantra”, the government has overcome these challenges seriously. Deepen structural reforms, promptly formulate and implement policies to benefit the people, and create conditions for more employment and entrepreneurship.
“The economy has new vitality. The fruits of development are beginning to benefit the people on a large scale. The country has new goals and hopes. “Of course, the people bless the government for a greater mandate (in 2019),” she added.
Sitharaman said that through the “nationwide” approach of “Sabka Prayas”, the country has overcome the challenges of a once-in-a-century pandemic and taken strides towards “Atmanirbhar Bharat” and is committed to “Panch Pran” , and laid the foundation for a strong foundation for “Amrit Kaal”. “We expect that our government will once again be blessed by the people and receive a resounding mandate based on its excellent work,” the minister said.
The general elections to elect the next Lok Sabha are likely to be held in April-May this year.
(Institutional investment)
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