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The Lok Sabha Speaker, Om Birla, made an announcement on Wednesday regarding the extension of the ongoing Budget session of Parliament by one day, now slated to conclude on February 10. Originally commencing on January 31, the session was initially scheduled to end on February 9.
The decision to extend the session comes amidst significant developments within the Modi government, particularly the plan to release a ‘White Paper’ comparing the economic performance during the Congress-led UPA government’s tenure with that of the BJP-led NDA government.
Pralhad Joshi, the Parliamentary Affairs Minister, highlighted on Tuesday the government’s intention to present a ‘white paper’ delineating the condition of the Indian economy before and after 2014 when the BJP assumed power from the Congress.
Finance Minister Nirmala Sitharaman is set to present this ‘white paper,’ which will be tabled in both the Lok Sabha and the Rajya Sabha.
For those unfamiliar with the term, a White Paper is a government document aimed at showcasing new policies and accomplishments, seeking to garner support and understand public reactions.
The term ‘White Paper’ originates from a century-old tradition in the UK government reporting system, where concise and focused government reports addressing specific topics were bound with a white cover. Over time, this naming convention has been retained, and ‘White Paper’ has become widely recognized as authoritative documents providing information, analysis, or proposals.
The Modi government’s decision to present a White Paper in Parliament stems from Finance Minister Sitharaman’s assertion during the Interim Budget presentation for 2024-25. Sitharaman emphasized that when the Modi government assumed power in 2014, India’s economy faced a crisis, attributing it to mismanagement by the previous government.
The anticipated White Paper aims to scrutinize the economic trajectory from the Congress-led government’s tenure until 2014 and compare it with subsequent developments. It will comprehensively cover and analyze key areas such as fiscal policy, monetary policy, trade policy, and exchange rate policy, with the goal of gaining insights into alleged mismanagement during previous years.
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