NPAs of Indian banks is Congress' making: Modi
New Delhi, July 20 : Prime Minister Narendra Modi on Friday accused the Congress of creating a large mess of NPAs in Indian banks and said that from during UPA rule from 2008 to 2014 the "underground loot of banks" was such that the amount of NPAs increased from Rs 18 lakh crore to Rs 52 lakh crore.
He said the loans were given to select industrialists during the previous UPA rule.
"I want to tell you about the NPA problem. Much before internet banking, the Congress invented phone banking and this caused the NPA mess. A phone call would get loans for their cronies and the nation suffered," Modi said in his replyg to the debate on the no confidence motion in the Lok Sabha.
"Our government decided that the banks should come out into the open with NPAs, and we also took some decisions that would help the country in long run."
He said for sixty years after independence, Rs 18 lakh crore was the total bank loan but between 2008 to 2014, this increased to Rs 52 lakh crores.
"The underground loot of banks went on from 2009 to 2014. So long as Congress was in power, the game of looting the nation continued.
"How did it happen? Internet banking came much later. But Congress is so intelligent that even before internet banking, phone banking started in India. Through phone banking, they increased NPAs to 52 lakh crore from 18 lakh crore," said Modi.
"What was the method? Loans were given on telephone. Loans after loans were given on telephone," he added.
The Prime Minister also said: "We started mechanism to reduce NPAs. UPA government took such decisions due too which there was increase in import of capital goods. It was done by reducing custom duties. The financing of these imports was done through bank loans."
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Man accused of rape-murder of 5-year-old lynched to death in Bengal; Girl’s body found in pond
Alipurduar: A 40-year-old man accused of raping and murdering a five-year-old girl was allegedly tied to a tree and beaten to death by agitated locals in Alipurduar district located in West Bengal on Friday evening. Later, another man surrendered before the police claiming he was also involved in the crime, and was subsequently arrested.
The girl went missing on Friday evening. When her family began searching for the girl, they learned that she had last been seen with Mona Roy, as reported by the Indian Express.
The police said that the girl’s body was found floating in a local pond. They added that the locals caught Roy and took him to his residence where they allegedly noticed blood on the bed. Enraged by this, they tied Roy to a tree and started assaulting him.
Roy was beaten to death before the local police could reach the spot.
When the police arrived at the scene, angry locals prevented them from moving the two bodies. Eventually, a large team of police personnel was sent to the location. After two hours, they were able to remove the bodies from the area.
The bodies have been sent for a post-mortem examination.
Meanwhile, a man named Bhakta Roy approached the police, claiming that he was involved in the crime and feared for his safety from the angry mob. He was subsequently arrested.
Y. Raghuvanshi, Superintendent of Police, Alipurduar, asserted it is a heinous crime, adding that they have started a detailed investigation in connection to the incident.
