<p>The BJP on Sunday asserted that the government has initiated wide-ranging measures to kickstart the investment cycle and boost economic growth while maintaining fiscal discipline, as it hit back at the Congress over its criticism of the Union Budget 2020. </p>.<p>BJP spokesperson G V L Narasimha Rao said the Congress, when in power, had failed to address the challenges facing economy, leaving it in dire straits.</p>.<p>The party is hardly qualified to comment on the Modi government's "successful" economic policies in the face of a global economic downturn, he said. </p>.<p>"The NDA government has initiated wide-ranging measures to kickstart the investment cycle and boost economic growth while maintaining fiscal discipline," Rao said. </p>.<p>The planning of Rs 100 lakh crores of investment in public infrastructure, lowering of corporate taxes announced a few months ago, restructuring and recapitalisation of banks, increased allocations to agriculture and rural development, lowering of personal income taxes to put more money in people's hands to give a boost to consumer spending are some of the policy initiatives with far reaching positive implications for the economy, he added. </p>.<p>The Congress-led UPA government was known for fiscal profligacy and consequential double digit inflation, Rao said. </p>.<p>The BJP spokesperson said the 2020-21 Budget focuses on the Small and Medium Enterprises sector and its punitive steps against cheap, low-quality imports of goods would give strong impetus to the employment in the organised manufacturing sector of the economy. </p>.<p>The Congress had slammed the Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday as "insipid" and said it failed to address challenges like unemployment and economic slowdown. </p>
<p>The BJP on Sunday asserted that the government has initiated wide-ranging measures to kickstart the investment cycle and boost economic growth while maintaining fiscal discipline, as it hit back at the Congress over its criticism of the Union Budget 2020. </p>.<p>BJP spokesperson G V L Narasimha Rao said the Congress, when in power, had failed to address the challenges facing economy, leaving it in dire straits.</p>.<p>The party is hardly qualified to comment on the Modi government's "successful" economic policies in the face of a global economic downturn, he said. </p>.<p>"The NDA government has initiated wide-ranging measures to kickstart the investment cycle and boost economic growth while maintaining fiscal discipline," Rao said. </p>.<p>The planning of Rs 100 lakh crores of investment in public infrastructure, lowering of corporate taxes announced a few months ago, restructuring and recapitalisation of banks, increased allocations to agriculture and rural development, lowering of personal income taxes to put more money in people's hands to give a boost to consumer spending are some of the policy initiatives with far reaching positive implications for the economy, he added. </p>.<p>The Congress-led UPA government was known for fiscal profligacy and consequential double digit inflation, Rao said. </p>.<p>The BJP spokesperson said the 2020-21 Budget focuses on the Small and Medium Enterprises sector and its punitive steps against cheap, low-quality imports of goods would give strong impetus to the employment in the organised manufacturing sector of the economy. </p>.<p>The Congress had slammed the Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday as "insipid" and said it failed to address challenges like unemployment and economic slowdown. </p>