The Opposition seems to have forgotten the UPA era financial impropriety: Bad loans had then jumped by 132 per cent as the Congress granted a whopping Rs 36 lakh crore to corporates by waiving their loans
Sitharaman said the UPA regime s reckless fiscal policy, ill-targeted subsidies and wasteful expenditure were guided by the desire for political gain. She said the inflation rate had been below 4% in the last year of the Atal Bihari Vajpayee government (2003-4), but it remained significantly high during the 10-year UPA regime that followed. The finance minister said the Congress party had mastered the art of ruining the accomplishments of the previous government, as they did while managing inflation.
The white paper aims to inform about the policies and measures that the NDA government took to restore the health of the economy and make it vigorous and capable of fulfilling the growth aspirations of the people in the present and in the Amrit Kaal.