One day after her defended the Union Budget 2021 at the Rajya SabhaFinance Minister Nirmala Sitharaman told Lok Sabha on Saturday that the planned budget reforms will pave the way for India to become the world’s next largest economy. Sitharaman, who praised the government’s approach as “brave,” credited Prime Minister Narendra Modi with spearheading these reforms.
“A challenging situation such as a pandemic did not deter the government from undertaking reforms that will be necessary to sustain the long-term growth of this country,” said the finance minister, responding to the budget discussion in the lower house. “This post-pandemic budget has set the pace for India to become aatmanirbhar, ”Sadded.
Sitharaman further said that the new series of reforms was based on the experiences of Prime Minister Modi during his time as Gujarat’s chief minister and would mark a shift from the raj license fee and socialism policies that restricted the economy and business of the India and particularly harmed small and medium-sized enterprises. .
“This budget is based on the experience of the prime minister when he was CM – on the ground in Gujarat, I had seen so many revivals at a time when the raj license quota disappeared after 1991 and then based on that experience, the commitment to reform was combined into this budget, ”he said.
The budget focuses on “stimulus more reforms” and will give the necessary impetus for a sustainable economic revival, the finance minister said, adding that the prime minister was working for the Dalits and the backward and poor. “The people of India believe, they have faith in the prime minister.”
The finance minister criticized Congress for restricting economic growth by restricting India’s reforms since 1948.
Responding to Congress leader Rahul Gandhi, who on Friday said that the country is now being run by four people – ‘Hum do, hamare do’ – Sitharaman used the same catchphrase and declared that Congress had not executed many of his schemes.
“Take the credit for having given birth to MNREGA. But I also took credit for mismanaging it, for giving money to ghost workers, ”he said. Addressing Thiruvananthapuram MP Shashi Tharoor, he went on to say: “Kerala invited a buddy to develop a port, no tender, just invitation. Since Kerala has no damad, Damad is here. Ladies obtain land in states that are ruled by some parts: Rajasthan, Haryana sometime.
On Friday, Sitharaman said economies around the world have suffered due to the pandemic. “In this Budget we tried to provide a stimulus, provide a strong stimulus and provide a stimulus that can generate that kind of multiplier effect and therefore, instead of finding quick solutions in the short term, even if we provide short-term quick relief For those people who desperately need it, we are also looking for sustainable medium and long-term growth that will keep India on that kind of growth trajectory that will keep us one of the fastest growing economies in the world, ”he said.
The Finance Minister said that it is a Budget that is based on the “experience, administrative capacities and also the exposure that the Prime Minister has had during his long elected term both as Prime Minister and Prime Minister of this country, known for its commitment to development, growth and reforms ”.
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