The budget session was extended by a day as the government discussed a 'white paper' on the economy Latest News India

The budget session of Parliament has been extended by a day till Saturday, Union Parliamentary Affairs Minister Pralhad Joshi was quoted as saying on Tuesday. Joshi's announcement comes amid furor over the Narendra Modi government presenting a 'white paper' on the economy during the previous Congress-led United Progressive Alliance (UPA) government. According to ANI, the Center will submit a “white paper” on what it calls “economic mismanagement” during the Manmohan Singh government. Sources told the news agency that the “white paper” will also talk about “positive steps” that could have been taken at this point.LIVE coverage of Parliament's budget sessionFinance Minister Nirmala Sitharaman had announced the government's plan in the 'White Paper' and said that 'glorious 10 years have been lost'.

Lok Sabha negotiations are ongoing during the winter session of Parliament in New Delhi.

“The impact that it had, the mismanagement, is not just about political paralysis for the fragile five, it's about every single one of those steps that were, firstly, immoral in the sense that they weren't right, in equal measure .” The kind of positive impact it would have had on the economy if it had been done very well and transparently. We have lost ten glorious years,” the minister had told a television news channel. During his address to the Lok Sabha on Monday, Prime Minister Narendra Modi had assured that India would become the world's third largest economy in the third term of his government.

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“Based on the experience of ten years of governance, given the strong economy today and the rapid pace at which India is progressing today, I can confidently say that India will be the third largest economy in our third term. This is Modi’s guarantee,” he had said. Modi had also addressed the Congress and said that the then finance minister had said in the 2014 interim budget that it would take three decades (till 2044) for India to become the third largest economy.

The Prime Minister accused the 2014 Congress government of losing the ability to even dream big. “I am sorry for your thinking.” (With PTI and ANI inputs)