If you think the biggest scam unearthed in India was Commonwealth, 2G, Coalgate. You would be mistaken. The biggest of all scams is NPA (Non performing assets). The total loans issued btw 1947 to 2007 was 18 Lakh Crore. Btw 2008 to 2014 was 52 Lakh Crore.
When NDA took over the reigns from UPA the total non performing assets were 10 lakh crore. This was not written off by previous government. NPA in 2007 was 2 Lakh Crore. Despite knowing the wilfully did not write these off creating a economic bubble
So much politics is being played that Modi supported corporates by writing of their accounts. These have been written off in 2014 but ledger entry was passed during NDA govt.
If you have any doubts, ask a banker how NPA is declared. For 10 lakh crore NPA, a minimum 3 years is required for it to be called NPA. Who gave these non recoverable loans? UPA.
Most bad loans from UPA era, banks to blame for NPA crisis: Raghuram Rajan - India News - indiatoday.in/india/story/ra…
google.co.in/amp/s/www.live… Ashish Gupta, The man who saw this crisis coming in 2012. An interview given by him in simple English and no fiscal terms for everyone to understand
Next on the lies of Congress and For the benefit of Tamilnadu’s Misguided Youths, I will write about the Air India and BSNL crisis.
Please read my next tweet on Unemployment and Congress’s legacy.
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