Finance Minister Arun Jaitley on Monday hailed the Narendra Modi government which "systematically and consistently" introduced 14 "iconic reforms", thereby giving the economy a "much-needed" boost in less than five years.
In a detailed blog post, Jaitley said the United Progressive Alliance (UPA) governments between 2004-2014 got stuck in slogans rather than economic expansion. "The first NDA government took key decisions with regard to infrastructure creation and prudent fiscal management. Bold policies on telecom and National Highways made significant impacts on the economy."
"However, the UPA governments between 2004-2014, got stuck into slogans rather than economic expansion. They created 'Rights' without a major increase in resources being provided to implement those rights. Subsequently, the government got marred in corruption and wasted its tenure in a cover-up exercise" he added.
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