Union Finance Minister Nirmala Sitharaman will give a White Paper in the Lok Sabha today, analyzing a decade of the UPA government and ten years of the Narendra Modi government. The paper will be discussed in the House. Ms Sitharaman announced the White Paper earlier, stating that the main goal was to “draw lessons from the mismanagement of those years.”
According to sources, White Paper will be on multiple sectors – industrial growth, manufacturing, MSME, automobile and services — and comes on a day former Prime Minister Manmohan Singh ends his Rajya Sabha tenure.
The White Paper will question the manner in which the government of the former Prime Minister functioned, sources said, given the emphasis on the alleged policy paralysis in the UPA years.
Manmohan Singh, one of the most well-known economists, is largely credited with bringing about liberalization while serving as finance minister under previous Prime Minister Narasimha Rao. The Congress believes that the country’s progress during his tenure was unsurpassed.
The White Paper would be a comparative review of the UPA and the Modi eras, with the government focusing on how the Indian economy has become more robust and how it has weathered shocks from outside quarters on the global economic front, according to sources.
The paper will also address issues of ease of living and inclusive progress. It would also include input from those in the industry.
According to sources, indicated that the government is undertaking the analysis after hugely positive feedback on the economy from the monetary funds and the various institutions abroad. The consensus is that India is a bright spot amid the global economic doom.
The Congress, meanwhile, presented a “Black Paper” targeting the Centre.
“The government will never say how many people got jobs. They are releasing MGNREGA funds. They are discriminating against states,” Mr Kharge said, slamming the government for perpetually targeting the Congress.
“Despite being in power for 10 years, instead of talking about himself, he only criticises the Congress party. Even today he did not talk about price rise, unemployment and economic inequality?” Mr Kharge said.
“‘Modi Ki Guarantee’ is only to spread LIES!” he added, citing the huge campaign undertaken by the BJP ahead of the Lok Sabha elections due in summer.
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Source: NDTV
