Prime Minister Narendra Modi on Friday during his no confidence motion speech in the Lok Sabha held the UPA government responsible for the NPA crisis, PSU are facing currently.
Prime Minister Narendra Modi on Friday during his no confidence motion speech in the Lok Sabha held the UPA government responsible for the NPA crisis, PSU are facing currently. He said under the Congress era, loans were given on a telephonic request. "Congress invented phone banking much before internet banking", PM said.
"I want to tell you about the NPA problem. Much before Internet Banking, Congress Party invented phone banking and this caused the NPA mess. A phone call would get loans for their cronies and the nation suffered," he said.
PM Modi further said that when his government came to power in 2014, it found out the real state of public sector banks. He said loans of banks rose to Rs 52 lakh crore from 2008 to 2014 from just Rs 18 lakh crore in the previous six years. Further blaming the Congress in his speech, PM Modi said the loans were given without any due diligence and defaulters were given further loans.
India is seeing the record pace at which roads are being built, villages are being connected, i-ways are being built, railways development is happening, he said, adding that his government has done development without any appeasement.
"Our mantra is 'sabka saath sabka vikas'," PM Modi said.
India had not only strengthed its economy but also played a role in bolstering the global economy and has become sixth largest economy, he said.
The Congress, however, neither believed in the reports of renowned global bodies, not in the RBI, nor the Election Commission and neither the Chief Justice of India, he said.
Taking on the opposition over its criticism of his government on employment front, he accused it of spreading baseless information and claimed that nearly one crore people have got employment in 2017-18.
Citing Employment Provident Fund figures, he said 50 lakh people have got job in the formal sector in nine months.
PM Narendra Modi said the transport business alone has created 20 lakh jobs in the informal sector.
During the voting on the motion, Bhola Singh of the BJP was brought to the House on a strecher, while K C Patel, also BJP, was brought in a wheel chair.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "\"There was telephone banking during UPA era\", PM Modi holds Congress govt responsible for NPA mess")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}