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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Badlapur accused Akshay Shinde shot dead: Lawyer of minor girls calls it 'killing of justice'
Mumbai (PTI): The gunning down of Badlapur case accused Akshay Shinde on Monday was the "killing of justice", said Asim Sarode, lawyer for the two minor girls he allegedly sexually assaulted.
Shinde was killed near Mumbra Bypass around 6:15pm when he allegedly snatched the gun of a policeman while he was being ferried in a police vehicle as part of a probe into a case registered on the complaint of his former wife.
After he shot and injured an API, another personnel from the escort team fired at him, and he was declared dead by doctors at a nearby hospital.
"While representing the two minor girls, I noticed it was becoming uncomfortable for the local politics of the Thane district and even for the educational institution where Akshay Shinde was working. Shinde's death in such a manner is killing of justice," Sarode told a regional news channel.
"Now, the case of sexual assault of the two minor girls will get sidelined. The case of these two minor girls was becoming difficult for the educational institute, as it is affiliated with a certain political family. Such a practice would lower the confidence of people in police and the judiciary," he claimed.
Sarode said he will be filing a plea before the Bombay High Court demanding thorough inquiry into the firing incident.
"Shinde's case could have brought up certain aspects that would have been negative politically for the government. I wonder how Shinde could access the gun and how he could unlock it when his hands were tied. This is political murder and is absolutely wrong," he said.
