Rahul Gandhi slams BJP govt on banks’ loans write-offs (IANS Impact)

By Quaid Najmi Mumbai, Dec. Dec 22 : Congress leader Rahul Gandhi on Tuesday slammed the Bharatiya Janata Party-led NDA government on the much-debated issue of banks’ loans write-offs perpetrated in the past few years.
Reacting to a story by IANS (Dec. 20), Gandhi tweeted: “A new record by Modi Government. Attacking the common man, busy protecting his friends.” The reference was to an IANS report based on RTI in which it was revealed how the NDA scored three times over the erstwhile Congress-led UPA government in the matter of loans-write offs.
Earlier, the report was tweeted by BJP MP Subramanian Swamy and Aam Aadmi Party National Spokesperson Preeti Sharma-Menon in the past two days.
As per the RTI revelations to a Pune businessman Prafful Sarda, the BJP achieved the highest loans write-off between 2015-2019 – which turned out to be more than three times compared with the figures of bad loans written off during the UPA regime from 2004-2014.
During the UPA’s 10-year rule, around Rs 2,20,328 crore was written off by various banks, and this figure shot up to Rs 7,94,354 crore during the NDA regime from 2015-2019, resulting in a corresponding reduction in the banks’ NPAs.