White Paper’ in Lok Sabha, says ‘UPA did not put nation first, left economy in tatters’

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FM Sitharaman lays ‘White Paper’ in Lok Sabha, says ‘UPA did not put nation first, left economy in tatters’

FM Sitharaman lays ‘White Paper’ in Lok Sabha, says ‘UPA did not put nation first, left economy in tatters’
2 min read
09 Feb 2024, 01:47 PM IST
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Nirmala Sitharaman presented a ‘White Paper’ in Lok Sabha, highlighting the government’s efforts to improve India’s economy from a fragile state to being among the top five in the world.

Nirmala Sitharaman lays ‘White Paper’ in Lok Sabha, says ‘it is a statement laid with responsibility…’
Nirmala Sitharaman lays ‘White Paper’ in Lok Sabha, says ‘it is a statement laid with responsibility…’
Finance Minister Nirmala Sitharaman on 9 February laid the ‘White Paper’ in Lok Sabha and called it is a statement laid with responsibility. While speaking in the Lok Sabha, the Finance Minister said, “White Paper’ has been laid on the table by the government, after 10 years of pulling out an Indian Economy which was in fragile five to reach the stage of top five. It is a statement laid with responsibility…”. The White Paper alleged that the UPA government abandoned reforms after coming to power in 2004 and that it failed to build on the strong foundation laid by the previous BJP-led NDA government.

During her speech, Sitharaman said, “(The) 10 years of one government with some crises and 10 years of a different government with a different crisis, the comparison shown in this paper clearly says how if the government handles it with true sincerity, transparency and putting the nation first, the results are there for everybody to see.

India suffered a huge loss because of the Coal Scam at the hands of the UPA govt,” FM said. She said that the UPA government converted “coal into ash but we converted into diamonds”.
Further lashing out at UPA-led by the Congress party, the union finance minister, “They did not put the nation first, left the economy in tatters by putting family first”.
‘Economy was in crisis in 2014’: Modi govt’s ‘White Paper’ in 15 points 

Further Sitharaman highlighted coal scam during UPa government, and said, “The coal scam shook the conscience of the nation in 2014. Before 2014, the allocation of coal blocks was done on an arbitrary basis without following a transparent process to allocate the blocks. The coal sector was excluded from competition and transparency and the sector lacked investments and efficiencies. These actions were scrutinised by investigation agencies, and in 2014, the Supreme Court of India cancelled the allocation of 204 coal mines/blocks allocated since 1993″.

 

Here’s your comprehensive 3-minute summary of all the things Finance Minister Nirmala Sitharaman said in her Budget speech: Click to download!

 

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