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

- Advertisement - - Article resumes -

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.

Share and Support:
Support OpIndia by paying for content

Most read articles recently

Activist opposing Akshaya Patra’s mid-day meal contract thinks ‘Brahmins obstruct India’s development’

The Akshaya Patra has come under criticism recently for not including onion and garlic in its mid-day meals for school children.

Here is what connects attack on Akshaya Patra, French NGO against Rafale and demonization of Amarnath Yatra

The web of foreign-funded NGOs that demonised the Amarnath Yatra, French NGO that complained against Rafale in France and the demand to remove Akshaya Patra from midday meals contract

Mumbai Police teaches a lesson in humility to ‘special’ Sonam Kapoor

Actor Dulquer Salman clarified that he and Sonam were sitting inside a car that was rigged to a truck and hence were not breaking traffic rules.

All you need to know about Congress’ Chhattisgarh CM elect: Bhupesh Baghel, who was once jailed in sex CD case

Congress leader and Chhattisgarh CM elect Bhupesh Baghel is currently out on bail in sleaze video case

Zee News issues defamation notice of Rs 1000 crore to Congress leader Navjot Singh Singh

Sidhu had allegedly threatened the Zee News when he had said “nani yaad dila denge” after Zee News had shown a video ‘Pakistan Zindabad’ slogans were raised at an election rally

Uttar Pradesh: Eight cattle smugglers arrested in Bahraich with arms and ammunition

The smugglers even tried to trample the police personnel with their vehicle.

Church of South India Archbishop Dyvasirvadam arrested in church fund scam, reports Times of India

According to the report, archbishop Dyvasirvadam was allegedly involved in misappropriation of church fund for over a decade

Rafale: SC examined the pricing details closely, ‘did not rely’ on CAG report as claimed by Rahul Gandhi

Rahul Gandhi has claimed that the Supreme Court verdict on Rafale was based only on the CAG report, while it is not true

#GoBackSonia trends on Twitter ahead of Sonia Gandhi’s Tamil Nadu visit to inaugurate Karunanidhi’s statue

Twitter is abuzz with #GoBackSonia trend as Sonia Gandhi is going to Chennai to inaugurate the statute of DMK founder Karunanidhi.

Rafale: They wanted to pull Modi down to their level

The Congress and its ecosystem is strong and well oiled.

Latest articles

Connect with us


Don't miss these