New Delhi, Feb 9 (UNI) The Lok Sabha was today adjourned till March 9, marking the end of the first part of the Budget session. Speaker Sumitra Mahajan adjourned the House immediately after Finance Minister Arun Jaitley made his reply to the debate on the General Budget. Among other senior members like M Mallikarjun Kharge and Prime Minister Narendra Modi were present in the House. Mr Jaitley said the NDA government learned lessons from the mistakes of the erstwhile UPA regime and has taken corrective steps even as he maintained that one of the major lacuna in the previous regime was to allow "discretionary" policies in running the economy of the country. "You declined to realise that with the changing times, there was a need to eliminate discretionary policies in allocations. We learned lessons from your mistakes and took corrective steps," he said. The Finance Minister said the financial management under NDA government was better than UPA's and this resulted in more expenditure in actual terms. "We managed economy better than the previous government. We inherited a legacy of NPAs due to disproportional loans to selected companies," he said, adding "it was not a fault of banking but the fault of the North Block on whose behest the loans were disbursed". This year's budget saw many first like the merger of plan and non-plan expenditures, Railway Budget with the General Budget and also advancing it for the first time in country's history to the first week of February. The Finance Minister, however, said, 'there is a need to have a detailed discussions on the Railways and this may be taken up in the second half of the Budget session.' UNI DEVN/ADP AE/RSA 1642