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.

- Advertisement - - Article resumes -

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.


Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

Rahul Gandhi’s lucrative and seemingly clandestine means of income and his links to scam accused FTIL, Unitech

How does Rahul Gandhi earn to buy land and other properties? A mystery we try to unravel
Prakash Raj was welcomed with pro-Modi slogans in Bengaluru

Actor-turned-politician Prakash Raj greeted with pro-Modi slogans as he went to file his nomination

Prakash Raj seemed visibly miffed with a large number of Modi supporters welcoming him with pro-Modi slogans in Bengaluru
Rahul Gandhi

Staring at an imminent defeat in Amethi, Congress on the scout to secure a safe seat for Rahul Gandhi

The Congress units of southern states have been feverishly imploring Rahul Gandhi to fight from any constituencies in southern states, apart from Amethi in Uttar Pradesh .

AAP propagandist tweets false claim about Adani Group, deletes due to fear of defamation

Earlier Delhi's Education Minister Manish Sisodia had also tweeted false claim about Adani Group

Gujarat Congress nominates 17 candidates for Jamnagar Lok Sabha seats, Hardik Patel does not make the cut

Hardik Patel had earlier expressed his desire to fight from the Jamnagar Lok Sabha constituency

How Caravan and Congress’ attempts to create ‘bribegate’ before 2019 election fell flat

The 'bribegate' that Congress and The Caravan tried to cried falls flat on its face on several counts. 
Congress' official twitter handle tweets the wrong date of Shahidi Diwas

Congress commemorates Bhagat Singh, Rajguru and Sukhdev, with the wrong date of their martyrdom

The official Twitter handle of Congress probably realised their goof up and promptly deleted the Tweet with the wrong date.

‘What is your source of income?’ Union Minister Ravi Shankar Prasad targets Rahul Gandhi over his assets

Union Minister Ravi Shankar Prasad addressed a press conference today and raised questions about Rahul Gandhi's source of income. In a recent report, OpIndia.com had raised many of the same questions raised by Prasad.
Pulwama attack

From stone pelter to over ground worker: Arrested Jaish terrorist reveals his role in Pulwama terror attack

The Delhi Special Cell is now in the lookout for two other youths, Tanveer from Tral and Bilal from Gadpora, whom Khan had recruited as suicide attackers.

Latest articles

Connect with us

148,635FansLike
120,393FollowersFollow
31,266SubscribersSubscribe

Don't miss these


Share This Post and Support: