He also said the public should be made more aware of the cost and benefits of these freebies and that it is the responsibility of the government to educate the population on this.
The decision to release a white paper on the Indian economy, which strongly criticised the UPA’s stewardship of the economy, was taken very close to the interim Budget and was put together in around a week.
Sitharaman criticised the way the UPA government managed the economy after the Atal Bihari Vajpayee's NDA government
BJP government released the ‘White Paper’ on the Indian economy, highlighting both how the country prospered under 10 years of PM Modi's rule and "lost a decade" under the Congress-led UPA government
Finance Minister Nirmala Sitharaman presents the 'white paper' in Lok Sabha to highlight the country's poor economic condition when the Congress-led UPA left power, as often charged by the government led by Prime Minister Narendra Modi, and how the incumbent dispensation brought the turn around. Watch for more.
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The White Paper on Indian economy lambasted the previous UPA government and accused it of mismanaging the country’s economy after inheriting a healthy economy ready for more reforms
BJP's White Paper vs Congress' Black Paper: The fierce attacks come right before the crucial Lok Sabha polls to be held in the country by or before May of 2024
When Prime Minister Modi took charge, the economy was on a "road to nowhere", and was showing signs of distress emanating from multiple policy "wrong turns", the white paper said.
The alleged scams such as non-transparent auction of public resources (coal and telecom spectrum), the spectre of retrospective taxation, unsustainable demand stimulus and ill-targeted subsidies and reckless lending by the banking sector, found a special mention
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The session has been extended by a day as 56 Rajya Sabha members who are retiring will be given farewell.
According to a government source, the White Paper will also be tabled in Parliament.