Sitharaman blames UPA for bad loans, defaulters fleeing country
Chennai, Oct 10 : Defence Minister Nirmala Sitharaman has blamed the Congress-led UPA regime for public and private sector banks facing huge corporate bad loans.
The loans were provided without following due diligence and as a result, defaulters fled the country and the banks had no money to lend, Sitharaman said while referring to fugitive business barons like Vijay Mallya and Nirav Modi.
Sitharaman had also held the portfolios of corporate affairs and finance (Minister of State) and was the Minister of State (Independent Charge), Commerce and Industry.
Huge loans were provided by banks at the drop of a hat "when a phone call was made," by the powers that be, the minister said, addressing a Bharatiya Janata Party traders wing meet here Tuesday.
Since such loans were not paid back till date, the banks faced a crunch and could not lend for new businesses, she claimed.
"Public and private sector banks are all facing difficulty due to this. Though policy allowed banks to provide loans, banks are not prepared to lend as they do not have money. Why this happened," she asked.
Loans were provided to "acquaintances" without any assessment, scrutiny or background check to ascertain if the promoters could actually carry on the business and pay back the loan, and it was "crony capitalism," followed by the UPA regime, she alleged.
"Under the guise of providing loans to do business, banks were made to lend without assessing factors like repayment capabilities, assets and expertise and they (apparently referring to Vijay Mallya and others) have departed with the money and the banks do not have money," Sitharaman said.
Under such circumstances, to achieve 7.5 to 8 per cent growth (GDP) rate, several efforts have been taken by Prime Minister Narendra Modi, she said.
To tackle the issue of defaulters fleeing the country after cheating banks, an enabling legislation - The Insolvency and Bankruptcy Code, 2016 - was passed which envisaged attachment of properties, she said.
"This law was not brought during their (UPA) regime)," she said.
The defaulters fled the country in view of tough action. Even if the defaulters had fled the country, efforts are being made to bring them back home to justice and attach their properties as well for default, she said.
Sitharaman said the BJP-led Centre has given good governance and all welfare schemes have to be taken to the people.
If a comparison was made between the 48 years rule of the Congress and other parties at the Centre and the BJP-led NDA for the past 48 months, she said it could be understood that what the Centre has been doing was a "herculean task"
"During the 10 years of the UPA regime, they did nothing to give good governance," she said.
"At that time, even at the cost of "betrayal" of the country, those who held power eyed only things that could be "grabbed," and the then prime minister Manmohan Singh was not bothered about it even as corruption reigned," she alleged.
Sitharaman spoke about other welfare schemes of the Centre like the 'Ayushman Bharat.' The traders' wing meet was the starting point to the Lok Sabha campaign in Tamil Nadu, she said.
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Karnataka issues nutrition advisory for govt events; recommends millets, healthier options
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Bengaluru (PTI): The Karnataka government on Monday issued a nutrition advisory recommending healthier food and beverage options at meetings, functions, and other official gatherings held in the state.
The advisory has been issued by the Department of Karnataka Health and Family Welfare Services to promote healthy dietary and nutritional habits among officials and staff, noting that food, refreshments and beverages served in government offices and official programmes are "often not aligned with nutrition standards."
The advisory recommends serving snacks such as millet-based, low-fat and low-sugar foods, fresh fruits, vegetable salads, sprouts, roasted nuts and seeds during in-house office meetings and breaks.
Beverages such as green tea, low-fat buttermilk, and locally filtered or boiled water served in glass bottles or steel flasks have also been suggested.
According to the advisory, for larger government events, conferences and exhibitions, departments have been advised to include at least one millet-based item during snacks and a minimum of two millet dishes in meals, along with local cuisine and at least one regional recipe.
It also recommends the use of brown rice instead of white rice, freshly prepared vegetable salads, and fresh fruits or low-sugar fruit juices.
If non-vegetarian food is served, it should consist of well-cooked lean or white meat, the advisory stated.
In eateries operating within government office campuses, the department has recommended millet-based foods, fresh vegetable salads, boiled pulses such as horse gram or chickpeas, and low-fat beverages.
It suggests serving food using reusable metal plates and glasses.
The advisory also recommends avoiding microwave-heated food, industrially processed food, fried snacks, high-fat or heavily spiced dishes, carbonated drinks, high-sugar fruit juices, and alcoholic beverages.
It further discourages serving milk-based tea or coffee and plastic-bottled water during official events.
“Overall, hygiene and cleanliness should be maintained while serving food and water. Local cottage industries, self-help groups, prison kitchens, nutri-gardens and others should be preferred for placing food and beverage orders,” the advisory added.
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