Friday, May 7, 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 Staff
Staff reporter at OpIndia

Related Articles

Trending now

Meet AAP’s ‘Delhi ke Nirmata’: Who is Navneet Kalra, the businessman on the run after oxygen hoarding scandal was busted

Oxygen Concentrators have been found at Khan Chacha, Nege & Ju bar and Town Hall restaurants in Delhi, all owned by Navneet Karla

USA: Separatist group ‘Black Hammer’ acquires 200 acres of Colorado Land to create independent Communist city

Radical anti-Semite, anti-white group collects about $65,000 to establish a communist utopia on a Colorado mountain top.

This only hurts nation: Several CMs, including YS Jagan Mohan Reddy slam UPA’s Jharkhand CM for petty politics over call by PM Modi

Jharkhand CM Hemant Soren took potshots at PM Modi, after he called to inquire about ongoing Coronavirus pandemic in the State

Delhi’s Covid black marketing: Day after 419 oxygen concentrators were recovered, 96 more recovered from Khan Market restaurant

The Delhi Police has recovered 96 oxygen concentrators from one Khan Chacha restaurant at Khan Market in Delhi.

Rahul Gandhi attacks construction of new parliament as ‘wastage’ while his Maharashtra govt is spending 900 crores on MLA residences

Ever since the much-needed ambitious project was launched by the Modi government, Rahul Gandhi and his Congress party have been indulging in politicising the issue by asking the government to shelve its plans on the central vista project.

Left-leaning Twitter and ISIS seem to have the same threads of fascism that bind them: Here is how

After the political upset for BJP, Mamata Banerjee took the reigns and a spate of unimaginable violence was unleashed on those who worked for BJP or those who had supported the party in the state.

Recently Popular

Comedian Sanket Bhosale who had featured in ad mocking Rahul Gandhi booked for violating Covid-19 norms in Punjab

A week after the vandalism by the Congress workers in Mumbai, the Congress-led Punjab government has now booked comedian Sanket Bhosale, the actor featured in the advertisement, on the pretext of violating Covid-19 regulations during his wedding.

Cricketer Irfan Pathan accused of extra-marital affair with cousin sister, girl’s in-laws allege fake dowry case

According husband of the woman, the relationship between his wife and Irfan Pathan goes back a long time ago and continues even now

21-year-old college student raped and murdered in Medinipur district in West Bengal, 3 including a woman arrested

West Bengal police arrested 2 masons and their female aide for rape and murder of a college student, who have confessed to the crime

Scroll journalist mischievously shares misleading, old report to insinuate that union govt is funding a trial of using Gayatri Mantra to treat Covid-19

While AIIMS Rishikesh is testing using gayatri mantra along with usual treatment for Covid-19, fake news claims it as standalone treatment

Aam Aadmi Party’s Raghav Chadha defies logic while giving calculations on cryogenic tanks and medical oxygen

One feels that if Aam Aadmi Party leaders focus on resolving the oxygen crisis instead of overusing their tiny brain for absurd calculations, they could perhaps save a few lives.

‘Out of control’ Chinese rocket falling back on Earth and no one knows where it is going to crash: Details

After launching space station hub, China's Long March 5B is doing 27,600km/h in failing orbit, with eventual crash site unknown.
- Advertisement -


Connect with us