Only Rs 1.7 lakh cr likely from bankruptcy proceedings: Chidambaram
New Delhi, June 6: With Union Minister Arun Jaitley declaring all those who owed money to the banks have been declared insolvent and removed from their companies under the Insolvency and Bankruptcy Code, Congress leader P. Chidamabaram said on Wednesday that only Rs 1.7 lakh crore is expected to be recovered out of Rs 4 lakh crore loans involved in the proceedings.
"Out of Rs 4 lakh crore loans involved in Insolvency & Bankruptcy proceedings, only Rs 1.7 lakh crore is expected to be recovered," Chidambaram said in a tweet.
Congress President Rahul Gandhi had alleged earlier in the day that the Modi government had written off loans worth Rs 2.50 lakh crore of some top industrialists.
Jaitley had responded to Gandhi by stating in an article that the government has not waived of a single rupee due from any industrialist. "Those who owed money to the banks and other creditors have been declared insolvent and removed from their companies by IBC (Insolvency and Bankruptcy Code) enacted by Prime Minister Modi's government. These loans were given largely during the UPA government," he said.
Chidambaram, who made a series of tweets, also took a dig at government over the low growth rate of credit to industry.
"Credit to industry in 2018 grew at a grand rate of 1 per cent ! Yes, 1 per cent!...Banks will need a further Rs 60,000 crore towards recapitalisation," he said.
The former Finance Minister also said that the government's Make in India programme had failed to deliver results in defence production.
"Make in India scheme in defence production has been officially abandoned," he added.
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Adityanath govt has completely failed to maintain Taj Mahal, alleges Akhilesh
Lucknow (PTI): Samajwadi Party supremo Akhilesh Yadav on Thursday raised questions over maintenance of the Taj Mahal in Agra and attacked the Yogi Adityanath government saying it should be a "living and active" example, not just a "monument".
Yadav, who shared a viral video in which a plant could be seen sprouting from the dome of the Taj Mahal, said the monument might develop cracks due to the roots.
In a post on X, he said, "The BJP government and its dormant departments have completely failed to maintain the Taj Mahal, the wonder that attracts tourists from all over the world."
Yadav went on to say, "There is a possibility of rusting of the metal of the urn on the main dome. Water is dripping from the main dome. There is news of plants growing in the dome. If the roots of trees like these grow, then the Taj Mahal may crack."
He also highlighted problems of monkey menace and water logging in the Taj Mahal complex.
"The Taj Mahal complex has become a sanctuary for monkeys. There is a problem of waterlogging in the Taj Mahal complex. The tourists are worried whether they should admire the Taj Mahal or deal with the problems," Yadav said, adding due to all these reasons, the country's image is tarnished at the global level.
Last week, the main dome of the Taj witnessed water seepage due to incessant rains but officials said there was no damage to the arched roof.
Yadav asked where crores of rupees of funds that come for the maintenance of Taj Mahal are going.
"The government should be a living and active example, not just a monument," he added.
