Friday, January 22, 2021
Home News Reports I have to tell the entire nation about NPA mess our previous government created...

I have to tell the entire nation about NPA mess our previous government created : PM Modi

The Prime Minister has spoken out regarding the NPA problem left behind by the UPA government in the parliament. He said that he did not speak on the issue in spite of the accusations hurled at the government by the opposition parties for the sake of country’s economy.

He said the entire ‘paap’ (sin) of NPA belongs to the UPA government as they had been giving loans to their cronies. He also accused them of hiding the NPA details from the country by restructuring the loans of their cronies. We had done a detailed report on the NPA issue earlier.

What damage could’ve happened if the PM produced a white paper on NPAs in 2014

Bank run: The banking system runs largely on the basis of the faith of the depositors. Loans are given out from the deposits of the banks for businessmen, personal purposes, education, etc. However, if a significant number of depositors of a bank start withdrawing their money from banks en masse, the entire bank will fail. If such a phenomenon happens to every major bank, then the entire banking system will collapse. This phenomenon is called a bank run by economists.

Modi did a great service to the nation by resisting the urge to produce a white paper

If banks fail, the entire economy of the country will collapse. Thus, Modi did a great service to the nation by ensuring that the trust of the people in the country’s banks remains intact even at the cost of negative political propaganda by the Congress party. Now, that the mess has been addressed in a systematic manner and a plan for recapitalisation and reform of banks is in place, he came out in the open and placed the facts before the country

The Congress party tried to shout down the prime minister throughout his speech during his address. Once more information is made available on the subject, we will realise the magnitude of the scam of Congress parties in the NPA mess.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

 

Related Articles

Trending now

AIMIM’s West Bengal ally Islamic cleric Peerzada Abbas Siddiqui launches ‘secular’ party to contest West Bengal Assembly polls

Peerzada Abbas Siddiqui said that he met AIMIM Chief Asaduddin Owaisi who assured him full support in West Bengal

Protesting farmer unions reject union government’s proposal to suspend implementation of farm laws for 1-1.5 years

The decision was taken in a meeting of the protesting farmer unions today, saying that they only want the repeal of the laws.

Indian Express spreads fake news claiming there were internal objections to Adani Group winning all 6 airports: Read the facts

The civil aviation ministry said that same allegations made in the Indian Express report were already dismissed by Kerala High Court

5 persons dead at Serum Institute of India fire incident, efforts on to control damage

Reports have stated that the fire incident happened at an under construction building and vaccine facilities are safe.

Two suicide bombers detonate themselves in busy Baghdad market killing six, injuring dozens

As per reports, this was one of the rare suicide attacks in Central Baghdad.

Bernie Sanders and his mittens during Biden inauguration trigger a meme fest on social media. Details

The US Senator from Vermont was spotted at the venue wearing parka and a pair of very homely looking mittens at the high profile event.

Recently Popular

Arnab vs Navika: Arnab responds to Navika’s emotional monologue, says he carried his shoes with him

Recently, Navika Kumar said that when Arnab left Time Now, she had his shoes to fill. However, Arnab gives a befitting reply.

The hidden chats in the TRP Chargesheet that nobody is talking about, not even the police: India Today and BARC

In the TRP case chargesheet, pages of personal chats between Arnab Goswami and the ex-BARC CEO Partho Dasgupta have been added

‘Jack Ma is safe and sound’, is ‘laying low’ claims founder and chairman of equity firm Primavera Capital Group

Days after his unflattering opinion of the Chinese authorities, Alibaba founder Jack Ma went mysteriously missing

“Not forgetting this communication until death”: Chef turned filmmaker Vikas Khanna reveals how he was asked to pay for favourable reviews of his movie

Vikas Khanna stated that critics had asked him to pay 3 lacs for 3 star-rating and 4 lacks for 4 star-rating of his movie 'The Last Colour'

Pakistan ‘successfully’ test-fires missile injuring people, destroying houses in civil area, say Baloch leaders

Contrary to claims of Pakistani Army's successful tests of Shaheen-III Missile, several reports coming from Pakistan suggests that the test carried out by Pakistan was a massive failure as the missile landed in a civilian area in Balochistan destroying several houses and injuring civilians

Has China constructed a new village inside Arunachal Pradesh? Not quite: How NDTV misled with its ‘exclusive’ report

Report China building a village inside Arunachal Pradesh was bought out by NDTV yesterday - and it turned out to be fake news
- Advertisement -

 

“BJP will ban burqa, beard, skullcap, azan”, says AIUDF chief Badruddin Ajmal after forming alliance with Congress and Left to defeat ‘communal BJP’ in...

Badruddin Ajmal alleged that if BJP comes to power in Assam again, it will destroy mosques, and put several restrictions on Muslims

Fact Check: Did the US State Department remove Fact Sheet on Coronavirus and China after Biden administration took over

After the Biden administration took over, many netizens noted a fact sheet the US state department had published on Covid-19 is missing

AIMIM’s West Bengal ally Islamic cleric Peerzada Abbas Siddiqui launches ‘secular’ party to contest West Bengal Assembly polls

Peerzada Abbas Siddiqui said that he met AIMIM Chief Asaduddin Owaisi who assured him full support in West Bengal

Gujarat Forest Dept to take legal action against Christian Evangelist Paul Dhinakaran over unauthorised use of the department’s logo

Website of Paul Dhinakaran claims of collaborating with the Gujarat Forest Department, a claim junked by the latter

Protesting farmer unions reject union government’s proposal to suspend implementation of farm laws for 1-1.5 years

The decision was taken in a meeting of the protesting farmer unions today, saying that they only want the repeal of the laws.

Farm Laws 2020: The need of the hour is balanced liberalization, to move beyond rigid ideologies

A balanced liberalization, based on the triad of truth, efficiency and compassion, may find a better tomorrow

Indian Express spreads fake news claiming there were internal objections to Adani Group winning all 6 airports: Read the facts

The civil aviation ministry said that same allegations made in the Indian Express report were already dismissed by Kerala High Court

Uddhav stirs up Belagavi issue, Shiv Sena activists stopped by police from removing Karnataka flag. Details

Police Commissioner said that Shiv Sena leader Vijay Dhavane had plans of delivering a provocative speech at Belagavi.

5 persons dead at Serum Institute of India fire incident, efforts on to control damage

Reports have stated that the fire incident happened at an under construction building and vaccine facilities are safe.

Two suicide bombers detonate themselves in busy Baghdad market killing six, injuring dozens

As per reports, this was one of the rare suicide attacks in Central Baghdad.

Connect with us

245,563FansLike
496,912FollowersFollow
22,800SubscribersSubscribe