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

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.

- Ad - - 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.

Help Opindia Reach Every Indian. Share This Post
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.

Big Story

While slamming Rahul Gandhi and praising the Narendra Modi government for abrogating Article 370, Iqbal Ansari said the government has established the rule of a law in the country by removing Article 370.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Parody country Pakistan’s ex-minister Rehman Malik exposes his low IQ, falls for a parody account who fools him like a pro

Ever since India abolished Article 370 from its constitution, Pakistani politicians including Pakistan PM Imran Khan are having a hard time digesting the fact that India has decidedly altered the status quo in Jammu and Kashmir.

Pakistan takes a cue from Congress yet again, asks ‘what happened to Rafale investigation’

In case Chaudhry missed out, the first Rafale jet is expected to be delivered next month.

Congress mouthpiece’s obituary on Arun Jaitley is the worst in recent memory and an absolute disgrace

The entire National Herald obituary is made up of thoughtless remarks.
Pakistani Army's official spokesperson now begs attention from Shah Rukh Khan

Frustrated Pakistani Army now wants Shah Rukh Khan to pay attention to them

Major General Asif Ghafoor, the official spokesperson of the Pakistani armed forces, who thinks it is his patriotic and religious duty to be a Twitter troll, has now directed his ranting towards Shah Rukh Khan and his upcoming Netflix series.

India Today journalist plays victim after being accosted by security personnel for video recording at Defence airport in Srinagar

Journalist Mausami Singh from India Today went berserk when a security personnel informed her shooting videos on Srinagar airport is prohibited

Here is how these 7 opinion pieces in 4 days reveal newspaper The Hindu’s legendary level of meltdown and arrogance

Let’s take a look at the opinion pieces published by The Hindu in their print edition, in this week

NDTV’s Interim CEO Suparna Singh resigns with immediate effect

NDTV interim CEO Suparna Singh, whose appointment as CEO was not approved by I&B ministry, has stepped down

McDonald’s India admits to discriminating against non-Muslims, buys only Halal meat for its restaurants

Halal is the Islamic method of slaughter which cannot be carried out by non-Muslims.

Babri Masjid litigant Iqbal Ansari slams Rahul Gandhi: Modi govt right in abrogating Article 370, visit PoK and ‘resolve issues’ instead

While slamming Rahul Gandhi and praising the Narendra Modi government for abrogating Article 370, Iqbal Ansari said the government has established the rule of a law in the country by removing Article 370.

Abusive ‘journalist’ Swati Chaturvedi spreads fake news, tweets photoshopped image of PM Modi wearing Arabic attire

Swati Chaturvedi, abusive troll masquerading as a journalist, has yet again been caught red-handed after propagating fake news.
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

Help Opindia Reach Every Indian. Share This Post