Congress party which destroyed the banking system through indiscriminate lending and con3cealment of NPAs don't have the understanding of the structural correctives undertaken by Modi government : FM Arun Jaitley
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Congress party which destroyed the banking system through indiscriminate lending and con3cealment of NPAs don't have the understanding of the structural correctives undertaken by Modi government : FM Arun Jaitley
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Structural measures taken by Modi government to clear the NPA mess created by UPA governments:
1. Banks have been asked to disclose all the hidden NPAs in their accounting books honestly and transparently.
2. Top 12 defaulters were identified under ‘Insolvency and Bankruptcy Code’ which was 25% of the total NPAs.
3. 45% of bad debts out of these 12 cases have been recovered.
4. The Fugitive Economic Offenders Bill, 2017 has been passed to stop economic offenders from fleeing the country.
5. More than Rs. 2.10 lakh crore have been allocated for recapitalization of the banks.
6. Government has cleared the loan of $32 billion under Foreign Currency Non-Resident Account created by UPA.
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Mumbai: Around six people were killed and several others were injured after part of a foot over bridge collapsed near Chhatrapati Shivaji Maharaj Terminus (CSMT) railway station in Mumbai on Thursday. The bridge connects to one of the Mumbai’s biggest local stations, Chhatrapati Shivaji Terminus, which was the site of a militant attack in 2008, and is used by thousands of commuters on regular basis.
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Bringing structural reforms in the GST system in consultation with all stakeholders is a continuous process!
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If you want to avail the proper benefits of the Central Government in Uttar Pradesh you should have a Congress government in U.P said Congress General Secretary Rahul Gandhi. He was addressing an election rally at Pratapgarh as part of his campaign for the UP assembly elections. - Indian Political News Video
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The Congress party is incapable of understanding the whole object behind the demonetization. FM Arun Jaitley explains why..
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Congress Vice President Sh. Rahul Gandhi addressed an electrifying speech at AICC meet in Talkatora Stadium, New Delhi. MLAs, MPs, Ministers and workers of the Congress party and Honorable Prime Minister Dr. Manmohan Singh and UPA chairperson Smt. Sonia Gandhi were also presented in the meet. 'People demand greater income in greater prosperity. We respond by enforcing by minimum wage and giving them the highest growth rate in the history of this country. It's easy to pretend than all this passing the orders. It's easy to pretend that this doesn't take time. It takes time. It takes sustain commitment. Real change is structural and for that we need to work continuously through legislation reform and sustain political effort.' Rahul Gandhi said.
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Structural reforms like demonetisation and GST by Modi govt. were bound to throw up challenges of transient nature for a quarter or two but there are all indications of higher level of growth returning back : FM Arun Jaitley
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Expenditure on all social sectors schemes has increased under Modi govt. The aspirational India today is not satisfied even with highest rate of growth and that’s a good sign. Many structural reforms undertaken by us will prove to be historical economical reforms in medium and long term : Shri Arun Jaitley, 04.01.2018
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