White Paper has presented entire truth before country: PM Modi

Asserting that the White Paper containing details of the alleged fiscal mismanagement of the Congressled UPA at the Centre prior to 2014 has laid out the entire truth before the country Prime Minister Narendra Modi on Friday said there was great disappointment among investors around the world during the previous regime due to continuous scams and policy paralysis at the top levels in the governmentAddressing the ET Now Global Business Summit 2024 Prime Minister Modi said Policies followed by the country in the 10 years before 2014 were actually taking the country on the path of poverty and now the White Paper has been tabled in the Budget Session of Parliament regarding thisThere was great disappointment among investors around the world due to scams and policy paralysis leading to a huge risk of losing the confidence of investors Now that Indias economy is in a strong position the government has presented the entire truth before the country in the form of the White Paper he addedPrime Minister Modi stated that completing projects in a timebound manner has become the identity of his government adding that the countrys exchequer has been boosted with the restoration of the principles of transparency to the system and adoption of modern technologiesAddressing the business event Prime Minister Modi said Completing projects in a timebound manner has become the identity of our government Earlier there were rising project costs caused due to delays The Eastern Dedicated Freight Corridor project which was launched in 2008 that project costs rose from Rs 16500 crores to more than Rs 50000 crores upon completion last year Bogibeel Bridge of Assam which was launched in 1998 project costs rose from Rs 1100 crores to Rs 5000 crores upon completion in 2018He added that with the implementation of Direct Benefit Transfer DBT schemes a total of Rs 325 lakh crore was saved by the government We got rid of 10 crore fake beneficiaries who existed only on paper putting an end to the leakage of funds with Direct Benefit Transfer helping save Rs 325 lakh crore from falling into the wrong hands GeM Portal for purchase of government goods resulting in savings of Rs 65000 crores and diversification of oil procurement saving Rs 25000 crores he saidPM Modi reiterated that he was accountable not only to the present generation but also to the generations hence On the launch of the Centres rooftop solar scheme PM Modi said The rooftop solar scheme for one crore houses will not only help people reduce their electricity bills to zero by generating electricity through solar energy but also earn money by selling the extra electricity LED bulbs provided under the Ujala scheme have helped save Rs 20000 crores in electricity billsIndia is soaring to new heights of progress Prime Minister Modi said assuring fellow citizens that the country was on the path to becoming the thirdlargest economy in the world He also expressed confidence that the present governments third term will witness huge decisions as preparations are already underway for the launch of new schemes to eliminate poverty while giving a new impetus to developmentHe informed that suggestions from more than 15 lakh people have been taken into consideration in cutting redtape and driving the country forward Prime Minister Modi said the world trusts India today adding Every development expert group in the world is discussing how India has transformed in the last 10 years Concluding his address Prime Minister Modi said New India will work with super speed This is Modis guaranteeThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever