White Paper Debate: Nirmala Sitharaman slams UPA, says it has 'brought economy…' | Latest News India

Union Finance Minister Nirmala Sitharaman criticized the UPA, accusing it of economic mismanagement during the 2008 global financial crisis, and said the Congress had put the “first family first” and downgraded the economy to “fragile five”.

Union Finance Minister Nirmala Sitharaman addresses the Lok Sabha during the Budget session of Parliament in New Delhi on Friday. (PTI)

Initiating the debate on the 'White Paper on the Indian Economy and its Impact on the Lives of the People of India', Nirmala Sitharaman said that the Common Wealth Games (CWG) held during the UPA regime gave the country 'a bad reputation, but not India's. The G20 presidency under the Narendra Modi government brought India global recognition.

Experience Delhi's rich history on a series of historical walks with HT! Participate now

Trinamool Congress's Saugata Roy and NK Premchandran filed substitution petitions and rejected the government's white paper.

The finance minister said the Narendra Modi government has worked sincerely and taken the economy out of the 'fragile five' and made it the top five globally. It is now on the verge of becoming one of the world's three largest economies, she said.

“Ten years of one government with one crisis and ten years of another government with another crisis. The comparison shown in this 'White Paper' clearly shows that when the government deals with true honesty and transparency and puts the nation first, the results are visible to everyone,” said Nirmala Sitharaman.

“When you don't put the nation first, when you put your first family first, and when you take considerations other than transparency, the results are visible. So what happened after 2008 when there was a global financial crisis? and what happened after Covid clearly shows that if the government's intention is sincere, the results will be good,” she added.

The Union Finance Minister also said that the Modi government had handled the much “deadlier” Covid crisis with sincerity and commitment, unlike the UPA in 2008 which did not have “clean” intentions.

The Congress, which failed to deal with the global financial crisis and continued with corruption and scandals, is now giving a lecture to the Modi government, she said amid shouts from opposition members.

“If you have the courage, you should not interrupt my speech and instead give an answer,” Niramala Sitharaman told the opposition members.

Open up a world of advantages with HT! From insightful newsletters to real-time news alerts to a personalized news feed – it's all here, just a click away!- Log in now! Get India News as well as the latest news and top headlines from India and around the world