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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Watch Structural measures taken by Modi government to clear the NPA mess created by UPA govt. With HD Quality.
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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Watch Structural measures taken by Modi government to clear the NPA mess created by UPA govt. With HD Quality
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Watch UPA govt was 100% responsible for the NPA mess. Not even a single loan under us has turned into NPA. With HD Quality
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Congress President and UPA chairperson Sonia Gandhi launched party's campaign for the forthcoming Lok Sabha elections in Karnataka by addressing a huge public rally in Gulbarga. 'The UPA Government at the Centre under the leadership of Prime Minister Dr. Manmohan Singh has taken several measures for the benefit of the people with a special focus on in health sector. The benefits of those policies are now visible in the country. You all are aware of our Mahatma Gandhi NREGA scheme which guarantees jobs for the rural poor. I am also sure that you know about our policies like Sarva Siksha Abhiyan, Food Security Act, Land Acquisition Bill, Gram Sadak Yojana, Indira Awas Yojana, as well.' Sonia Gandhi said.
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The Economic Times | A Times Internet Limited product
Prime Minister Narendra Modi on Friday said his government had taken measures to set up a 'chowkidar' in space and asked people to vote for a government that can take concrete decisions and not just raise slogans.
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Modi government has taken several measures to empower youth with opportunities -
• Rs 10,000 crore fund for Start-Up India.
• Over 93 lakh people trained under Skill India.
• NEP to focus on skill development in sync with global needs.
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Modi government has taken several measures to empower youth with opportunities
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Doctors NPA In Himachal Pradesh: NPA बंद होने होने पर डॉकटर्स ने दी हड़ताल की चेतावनी | Janta Tv
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PM Modi on reform measures taken by his govt in banking sector and environment clearances. #MinimumGovernment - MaximumGovernance
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IMF chief economist Gita Gopinath, in an exclusive converation with ET NOW's Supriya Shrinate on sidelines of World Economic Forum in Davos, has talked on various issues related to Indian economy. GST, IBC and improvement in Ease of Doing Business are the key measures taken up by Narendra Modi govt, said Gita.Reacting on loan waivers, IMF chief economist said that there can be no quick fixes like loan waivers. India is one of the few countries for which growth forecast has been raised. Listen in as IMF chief economist Gita Gopinath talks to ET Now's Supriya Shrinate.
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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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