Monday, April 19, 2021
Home News Reports Rahul Gandhi repeats the same lie in Karnataka as he did in Gujarat, only...

Rahul Gandhi repeats the same lie in Karnataka as he did in Gujarat, only this time, it is bigger

Rahul Gandhi has a knack for giving unsubstantiated statements. He is currently campaigning in Karnataka and has already started repeating the same lines he used during the Gujarat elections. The only difference is, his claims are now bigger and they keep growing more far-fetched.

Rahul Gandhi stated during a Gujrat election rally last year that PM Modi had waived off loans worth 1.3 lakh crores for 15 big industrialists but when farmers demand a loan waiver he does not utter a word. The figure itself was an astounding 20,000 crores higher than his previous claim of PM Modi ‘waiving off’ loans of the concerned 15 industrialists that he had made the year before in 2016.

However, Rahul Gandhi’s claims were exposed and he was duly tutored about the fundamental difference between a loan waiver and a loan write off. But sadly, the Congress prince has not learnt much, or he thinks he can get away with lies again and again because he is, well, him.

There have been numerous attempts to explain to Rahul and his cabal that a loan waiver is not the same thing as a loan write off. Write-offs are a purely technical, accounting entry. Write-offs give a true picture of the bank’s assets (loans issued) and the income thereon (interest). Accounts, where prospects of recovery are bleak, are technically written off from the live ledgers and parked in AUCA (Advance Under Collection Account) in accordance with laid down instructions. Most write-offs, irrespective of outstanding, should be treated as technical write-offs and parked in AUCA and recovery process of these accounts will continue until resolution of these accounts. Putting an account under AUCA by no way means the recovery of loans would not continue and the bank or financial institution continues to employ all possible legal and technical means to recover the loan amount.

Moreover, RBI Governor Urjit Patel in his speech in August 2017 had announced that 1.3 lakh crores were the total cost of farm loan waivers by Government of India. But again, facts were summarily ignored and propaganda took precedence for the Congress party and Rahul Gandhi.

Rahul Gandhi repeated the same lie again today while speaking at a rally in Karnataka.

Note how the number of the industrialists receiving this imaginary ‘waive off’ has remained the same. But the loan amount has been growing faster than India’s imaginary intolerance. From 1.1 lakh crores in 2016, it became 1.3 lakh crores in 2017. Now in a matter of few months, it has become 2.5 lakh crores.

So either the imaginary ‘waive offs’ which never were have found a magic potion that is making them fatter and bigger or Congress’s beloved prince just has a habit of not bothering to verify facts before uttering out any claim.

  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

reader, writer, dreamer, no one

Related Articles

Trending now

Delhi and Maharashtra governments leave migrant workers in the lurch as they return to their native places in the wake of second wave of...

Migrant labourers in Delhi are leaving the city for their native places as Arvind Kejriwal announced a strict 6-day curfew to control the spread of the coronavirus

Pro-AAP vlogger Dhruv Rathee spreads fake news about only BJP campaigning for Bengal elections, gives clean chit to TMC, Left, and Congress

While TMC, Congress and the Left are all continuing with rallies and crowded election campaigns, Dhruv Rathee made a ranting Facebook post blaming only the BJP. He did not share it on Twitter.

Understanding the hate factory: How Rohan Joshi and his hateful post against Hindus gives us an insight into the ‘liberal’ mind

Comedian Rohan Joshi tells Bhakts, "I have nothing but contempt for them and nit a shred of empathy" as he mocks Coronavirus deaths

Maharashtra Remdesivir ruckus: Saket Gokhale brazens his lies by filing complaint against Fadnavis, BJP returns favour. Details

A complaint has been filed against Saket Gokhale by a BJP member in which the complainant has accused the Congress supporter of lying and waging a war against the state in the midst of a pandemic

‘Why are you trying to please Kaafirs?’: Viral videos show revolt within Pakistan Army, personnel attack Imran Khan for letting TLP rioters die

Pakistani army personnel were earlier seen raising Islamist slogans along with the members of the Tehreek-i-Labbaik Pakistan (TLP).

Congress leaders, others share old picture of Yogi and Amit Shah in Kumbh, accuse them of spreading Coronavirus

Alka Lamba shares old picture of Kumbh to malign Yogi Adityanath and BJP, Netizens follow suit

Recently Popular

Filmmaker Hansal Mehta challenges for free flight tickets to Pakistan but goes into hiding after Twitter user provides it. Read what happened

Hansal Mehta's flight to Pakistan via Dubai is scheduled for 20th April, 2021. We shall keep you posted if Mehta goes to Pakistan or will he register his name in long list of paper tigers.

Video claiming a dargah was recently constructed on footpath along Sabarmati riverfront road in Ahmedabad goes viral: Details

Netizens have shared a video claiming that a dargah had mysteriously sprung up along the Sabarmati riverfront in Ahmedabad

World Hindu Foundation asks Justice Rohinton Nariman to take back his ‘mischievous’ comments on Vedas

The World Hindu Foundation has expressed outrage at recent comments on Hinduism made by Justice Rohinton Nariman.

Karan Johar’s Dharma Production fires Kartik Aryan, not to work with him again: Here is what happened

Dharma Productions said it was pushed to the wall by “unprofessional behaviour” of Kartik Aryan during shooting of Dostana 2

250 ventilators sent by central govt lied unutilized in the state of Punjab amid the second wave of coronavirus

250 ventilators sent by the central government to Punjab for use in government hospitals were lying unused till late March.

When ‘comedians’ double up as doctors and believe ‘Bhakts’ deserve the misery as Chinese coronavirus rages

You will never see them questioning how many mosques have opened up their gates as medical facilities. Because, everyone likes to keep their heads.
- Advertisement -


Connect with us