The Banking sector is considered the backbone of a nation’s economy. Recently, India’s banking sector achieved a significant milestone by recording its highest-ever net profit, crossing ₹ 3 lakh crores.

This is in stark contrast to the situation before 2014 when @INCIndia-led UPA government turned the banking sector into a cesspool of bad loans, vested interests, corruption and mismanagement.

The ‘seeds’ of the NPA crisis were sown during the @INCIndia -led UPA era through ‘Phone Banking’, when loans were given to undeserving businesses under pressure from UPA leaders and party functionaries.

Under the UPA, obtaining loans from banks often depended on powerful connections rather than a solid business proposition.

Banks were forced to neglect proper due diligence and risk assessment before sanctioning these loans.

This led to a massive increase in Non-Performing Assets (NPAs) and institutionalised grafts. Many banks hid and avoided reporting their bad loans by 'evergreening' or restructuring them.

Various measures by our Government and the RBI, such as the Asset Quality Review, disclosed hidden mountains of NPAs and ended the accounting tricks used to hide them.

Congress-era reckless and imprudent lending created the disgraceful legacy of the ‘Twin Balance Sheet’ problem, which we inherited in 2014.

This problem starved the nation of essential credit flow needed for development. Banks became reluctant to lend to new borrowers, especially MSMEs, the backbone of economic growth and job creation.

Credit growth slowed to a decade-low level. Banks also suffered huge losses and erosion of capital due to higher provisioning.

After banks began transparently disclosing their NPAs for loans lent before 2014, the gross NPAs of PSBs rose to a high of 14.6% in FY 2017-18.

Two former RBI Governors have openly exposed the level of decay in the system left by the UPA regime. Raghuram Rajan, who also participated in @RahulGandhi’s ‘Bharat Jodo Yatra’, described the NPA crisis during the UPA era as a “historic phenomenon of irrational exuberance.”

Similarly, former Governor Urjit Patel noted that the functioning of PSBs under the UPA suffered from “a perennial shortcoming on account of bureaucratic inertia and political meddling.”

The NPA crisis stifled the credit required to fund the dreams of crores of aspirational Indians who wanted to establish start-ups and expand small businesses.

The UPA chose to favour dynasts & cronies in Lutyens’ Delhi while leaving a large chunk of Indians in the lurch.

When the Modi government took charge, these cronies fled, fearing prosecution.

Those who now take credit for the nationalization of banks kept the nation’s poor and middle class unbanked for decades while their leaders and allies climbed the ladders of corruption.

(1/4) The banking sector turned around due to PM Shri @narendramodi's strong and decisive leadership.

Our government atoned for the UPA's sins in the banking sector through comprehensive and long-term reforms.

The 2015 'Gyan Sangam' meeting with public-sector banks, led by the Prime Minister, initiated these crucial reforms.

Government implemented a comprehensive 4R’s strategy of Recognising NPAs transparently, Resolution and Recovery, Recapitalising PSBs, and Reforms.

Our reforms addressed credit discipline, recognition and resolution of stress, responsible lending and improved governance.

-We replaced political interference in banks with professional integrity and independence.

-Banks Board Bureau (BBB) was created for transparent selection of non-executive Chairpersons and whole-time directors.

-Mission Indradhanush, provided for re-capitalization of PSBs, infusing over Rs 3.10 lakh crores.

-Our govt, in 2015, issued a framework for the timely detection and investigation relating to large value bank frauds.

-Insolvency & Bankruptcy Code (IBC) was brought for faster recoveries.

-Fugitive Economic Offenders Act of 2018 was enacted for the seizure of fugitive economic offenders’ property.

-SARFAESI Act was amended to make it more effective. During the last five years, banks have recovered ₹ 1.51 lakh crores through SARFAESI.

-The pecuniary jurisdiction of the Debt Recovery Tribunal was increased from ₹ 10 lakh to ₹ 20 lakh to enable it to focus on high-value cases, resulting in higher recovery for banks.

-PSBs created Stressed Asset Management Verticals for stringent recovery, segregated pre- and post-sanction follow-up roles for effective monitoring.

-Monitoring roles were segregated from sanctioning roles in high-value loans.

-Specialised monitoring agencies were deployed for effective monitoring of loans above ₹ 250 crore.

-Online end-to-end OTS (One-Time Settlement) platforms were set up to ensure timely and better realisation.

-NARCL was set up in 2021 to resolve stressed assets above ₹ 500 crore leading to higher value realisation for banks.

-Various phases of Enhanced Access and Service Excellence (EASE) Reforms have been undertaken to improve the management of banks.

The Opposition, habituated to spreading lies, wrongly claims that there has been a "waiver" of loans given to industrialists.

Despite claiming to be “experts” in finance and economy, it's a pity that opposition leaders are still unable to distinguish between write-offs and waivers. After the 'write-offs' as per RBI's guidelines, banks actively pursue the recovery of bad loans. And, there has been no "waiver" of loans for any industrialist.
Between 2014 and 2023, banks recovered more than Rs 10 lakh crores from bad loans.

Directorate of Enforcement (ED) has investigated around 1,105 bank fraud cases, which resulted in the attachment of proceeds of crime amounting to ₹ 64,920 crores. As of December 2023, assets amounting to ₹15,183 crores have been restituted to the PSBs.

There has been no leniency in recovering bad loans, especially from large defaulters, and the process is ongoing.

(2/4)

The last decade has witnessed a substantial improvement in the sanctity and credibility of the Union Budget, leaving past constraints and archaic practices behind.

Guided by PM Shri @narendramodi’s vision of transparency, efficiency and effectiveness in governance, our government has reshaped the budget from a mere record of expenditures into a strategic blueprint for equitable development.

Our budgets are characterized by fiscal prudence, transparency, and inclusiveness, ensuring investments in social development and infrastructure.

We make judicious & efficient use of every rupee collected from our taxpayers and give them a transparent picture of public finances.

Various historic decisions and reforms have been taken by our government to strengthen and bring transparency to the Budgetary process and practices.

Advancement of Budget Cycle:

- Since FY 2017-18, the budget presentation has been shifted to 1st February instead of the last working day in February. It effectively advanced the expenditure cycle by 2 months.

Prior to this reform, the authorization from Parliament through ‘vote-on-account’ was available only for the first 2 months of financial year.

- Now, the entire budgetary exercise, including the legislative process, is completed well before the start of the financial year. This has improved administrative efficiency and delivery of schemes as Ministries have the full budget available from the beginning of the financial year – 1 April.

- This has also empowered the State governments, which used to present the Budget earlier than the Centre. States are now able to plan their own budgets better as they are now aware of details of the Centre’s fiscal plan for the upcoming year.

This reform helps the state governments plan their project financing, counterpart funding, implementation of central projects, and borrowing requirements well in advance.

- The advancement of the budget cycle aided the synchronisation of financial outlays and expenditures between the Centre and the States.

Merger of Rail Budget with General Budget:

- The presentation of a separate railway budget was a colonial practice that commenced in 1924. The practice continued more as a convention than for sound administrative reasons.

- From FY 2017-18, our government merged the Railway Budget with the Union Budget to bring the affairs of the Railways to centre stage and present a holistic & transparent picture of the Union Government’s financial position.

- Number of Demands for Grants operated by Railways has been reduced from 16 to one, and appropriation for Railways is part of the main Appropriation Bill.

Plan and Non-Plan Classification of budget and accounts removed:

- Since FY 2017-18, the distinction between Plan and Non-Plan classification in budget and accounts has been removed, and the emphasis has shifted to the overall financial allocation of schemes with bifurcation on revenue and capital expenditure.

- Earlier, budgetary allocations were categorized as ‘Plan’ and ‘Non-Plan’ – where Plan referred to allocations on programmes and schemes, while Non-Plan denoted establishment items.

This artificial distinction created a distortion in the perception of the two types of allocations.

- Plan was considered ‘good’ and often referred to as Developmental expenditure, while Non-plan was considered ‘bad’ and wrongly signified ‘non-developmental outlays’.

- This distinction and perception were incorrect as there was a reluctance to allocate for ‘non-plan expenditure’, which comprised items such as maintenance of the defence systems, social security-related allocation (pension and insurance), various welfare measures and subsidies for the poor and underprivileged, etc.
These couldn’t be termed as “non-developmental” while allocating resources.

(1/5) Transparency in Budget numbers:

- Our government has prioritized transparency in its budgeting practices and numbers.

- This starkly contrasts the @INCIndia-led UPA government’s repetitive practice of hiding the deficits through off-budget borrowings and issuance of ‘Oil Bonds’, which somewhat covertly shifted the fiscal burden to future generations.

Under UPA, standard fiscal practices were routinely changed to make Budget numbers look favourable.

- Countries with transparent budgets are often viewed more favourably by international bodies such as the IMF and World Bank. This can lead to improved global trust.

- In FY 2020-21, the Government repaid all outstanding National Small Saving Fund (NSSF) loans provided to FCI in lieu of food subsidy by providing additional budgetary support.

- Despite the increase in food subsidy allocations after COVID-19, complete food subsidy is being provided transparently through the Government budget.

- From FY 2021-22, Off-budget funded schemes are being proactively disclosed in the Budget documents. Additionally, steps have been taken to settle Extra Budgetary Resources (EBR) liabilities wherever prepayment is feasible.

For instance, ₹33,000 crore provided as an NSSF loan to support the implementation of PMAY (U) schemes has been fully prepaid by providing additional budgetary allocation in the demand of the Ministry of Housing and Urban Affairs in FY 2021-22.

- Budget allocations of key Infra-Ministries such as M/o Road Transport and Highways and M/o Railways have been significantly enhanced from FY 2022-23 and 2023-24, respectively, thereby reducing their dependence on market borrowings.

Rationalisation of Supplementary Demand for Grants:

- Usually, three Supplementary Demands for Grants were presented in Parliament during a financial year to seek additional appropriations or to make substantial reallocations within the appropriations already granted in the regular Budget.

- From FY 2022-23, it was decided to limit the number of Supplementary Demands for Grants to two, now presented during Winter and Budget Sessions. This has made substantive improvements in the process of budget estimation and improved financial discipline.

Revised New Service (NS) /New Instrument of Services (NIS) Norms and financial Limits:

- Our government recently took the initiative to revise the Delegation of Financial Power Rules 1978 (DFPR) and New Service (NS) / New Instrument of Service (NIS) Financial Limits of 2006.

- The NS/NIS limit approved in 2006 needed to be revisited, both on the financial basis and conceptual basis. Without an increase in NS/NIS limits, activities involving small amounts were being held back for the approval of Parliament.

- This also increased the volume of information & proposals, which limited the ability of the Parliament to ensure proper scrutiny and oversight of important items.

- The revised limits have been laid down, taking into account the substantial growth of the government budget, development in the budgeting and accounting practices, the need for retaining administrative efficiency, optimizing the reallocation, and enhancing the Parliament scrutiny and oversight on substantive cases of NS/NIS

- This revision enables administrative ministries/departments to reallocate savings, arising within the limits prescribed by the Parliament, amongst its respective activities, thereby enabling timeliness in the implementation of schemes/projects and swift decision-making.

(2/5)

A lot has been said in recent times about the fiscal management (especially on debt) of our government under PM Modi’s leadership. Many times, absolute numbers have been compared without considering the GDP growth on which we base the debt calculation. I would like to put out a clear picture, unlike @INCIndia, which hides behind lofty promises that are non-transparent and disconnected from reality.

Has @INCIndia considered the cost of the lofty promises made in their manifesto? Have they calculated how much the 'Khata Khat' schemes will cost fiscally? Will they borrow substantially for them, or will they raise taxes to fund them?

How many welfare schemes would @RahulGandhi shut down to accommodate the fiscal cost of the 'Khata Khat' schemes?

Would @RahulGandhi care to answer these real questions and explain how their gigantic schemes of fiscal splurge would work without increasing taxes or borrowing heavily and running down the economy? Here’s a challenge to him to answer these questions for the people of India.

The truth is that our government's fiscal management is much better than that of the UPA despite facing COVID-19 pandemic in which substantial resources were used for relief efforts.

During the UPA rule from FY2004 to FY2014, Central Government Debt, including external debt at current values, grew about 3.2 times, from ₹18.74 lakh crore in March 2004 to ₹58.59 lakh crore in March 2014. This increase was much greater than the 2.9 times growth from ₹58.59 lakh crore in FY 2014 to ₹172.37 lakh crore in FY 2024 (RE). This lower increase between FY 2014 and FY 2024 occurred despite the impact of the COVID-19 pandemic, where the Centre borrowed to provide relief to those in need even as revenues fell.

The Central Government’s debt, which was 52.2% of GDP at the end of FY 2013-14, was reduced to around 48.9% in FY 2018-19 through gradual fiscal consolidation. During this period, the fiscal deficit was lowered from 4.5% in FY 2013-14 to 3.4% in FY 2018-19. However, due to the COVID-19 pandemic and proactive government measures to protect lives and livelihoods, the fiscal deficit surged to 9.2% of GDP in FY 2020-21, increasing the central government’s debt to 61.4% of GDP.

Post-pandemic, our government pursued a balanced approach to fiscal consolidation while sustaining economic growth. This strategy reduced the fiscal deficit from 9.2% of GDP in FY 2020-21 to 5.8% in the Revised Estimates for FY 2023-24.

The Interim Budget projects a further reduction to 5.1% of GDP in FY 2024-25. Similarly, the Central Government's debt-to-GDP ratio fell from 61.4% in FY 2020-21 to 57.1% in FY 2023-24.

Under UPA, for 6 consecutive years between FY 2009 and FY 2014, the ratio of India's Gross Fiscal Deficit (GFD) to Gross Domestic Product (GDP) was at least 4.5%. It was between 4.5% - 5% of GDP in 3 out of the 6 years, between 5% - 6% in one, and more than 6% in 2 years. And there was no COVID-19-like crisis that needed such a quantum of fiscal expansion, showing poor fiscal management by UPA.

The Net Market Borrowings (G-sec) of the Centre had gone up a whopping 4.5 times during the UPA regime. It went up by 2.6 times under our government despite the COVID-19 pandemic. It shows the robust fiscal management of our govt.

During COVID-19, ‘borrow, spend & even print money’ to reboot the economy was the predominant advice given by the so-called “luminaries” of the opposition parties led by Congress. Ironically, the same people are complaining about high debt levels. (1/4) Under the Congress-led UPA government, the underlying deficit was much higher than the budgeted deficit.
UPA Govt did ‘window dressing’ to hide its high fiscal deficit without maintaining the integrity of the fiscal numbers. Fiscal Deficit for 2008-09 would have been 7.9% instead of 6.1% as officially stated.

The UPA government issued special bonds in lieu of cash subsidies to the Oil Marketing Companies (Oil Bonds), Fertiliser Companies, and FCI to keep the official deficit numbers lower. Over Rs. 1.9 lakh crore was kept off the books in the five years from FY 2006 to FY 2010. Including these off-budget borrowings would have severely increased the fiscal and revenue deficit numbers.

The UPA government issued oil bonds worth Rs 1.48 lakh crore (1.9% of GDP) to control oil prices until 2014, effectively shifting the burden to future generations. Due to these bonds, the Modi government inherited an outstanding debt of Rs 1.34 lakh crore.

Between 2014 and 2024, the government repaid Rs 1.43 lakh crore, including Rs 44,650 crore in principal payments and the rest as interest.

In contrast, our government has prioritized transparency and accountability in its budgeting practices, thereby enhancing the credibility and robustness of its fiscal numbers.

In the July 2019-20 Budget, this government introduced Statement 27 on Extra Budgetary Resources (EBR) – it disclosed the borrowings of Government agencies that went towards funding GoI schemes and whose repayment burden was on the Government.

In FY 2020-21, the government repaid all NSSF loans to FCI for food subsidies via Budgetary allocations. Food subsidy, under PMGKAY, is being provided transparently through the Government budget. From FY 2021-22, all EBR-funded schemes were incorporated into the government budget.

Steps were also taken to settle EBR liabilities, including prepaying ₹33,000 crore of NSSF loans for PMAY (U) schemes. Our government also repaid Air India's outstanding liabilities by providing necessary budget support.

Budget allocations of key infra-ministries such as Min. of Road Transport and Highways and M/o Railways have been significantly enhanced from FY 2022-23 and 2023-24, respectively, to ensure their fund requirement is met through the budget. These measures, while increasing fiscal transparency, have reduced their dependence on market borrowings. (2/4)

TN govt has banned watching live telecast of #AyodhaRamMandir programmes of 22 Jan 24. In TN there are over 200 temples for Shri Ram. In HR&CE managed temples no puja/bhajan/prasadam/annadanam in the name of Shri Ram is allowed. Police are stopping privately held temples also from organising events. They are threatening organisers that they will rip off pandals. Strongly condemn this anti-Hindu, hateful action. Heart-breaking scenes in several parts of TN. People are threatened for organising #bhajans, feeding the poor, celebrating with sweets even as we wish to watch Hon. PM @narendramodi participate in #Ayodhya. Cable TV operators are told that there is a likely power-shut down during the live telecast. This is I.N.D.I Alliance partner DMK’s anti-Hindu efforts.

மறைந்த முன்னாள் முதலமைச்சர் செல்வி ஜெயலலிதாவை பற்றி நான் மக்களவையில் பேசியதை விமர்சித்து — அப்போது வெளிநாட்டில் இருந்த இவர், நடக்காத சம்பவம் நடந்ததாக எப்படி கூறுகிறார், என்று கேள்வி எழுப்பும் அனைவருக்காக இந்த 5 ட்வீட்கள் 1/5

A disheveled LoP Jayalalitha 2/5

Recently, the GST Council in its 47th meeting recommended to reconsider the approach for imposition of GST on specified food items like pulses, cereals, flour, etc. There have been a lot of misconceptions about this that have been spread. Here is a thread to lay the facts: (1/14) Is this the first time such food articles are being taxed? No. States were collecting significant revenue from foodgrain in the pre-GST regime. Punjab alone collected more Rs 2,000 cr on food grain by way of purchase tax. UP collected Rs 700 cr. (2/14)

A recent UNDP report "Addressing the Cost-of-Living Crisis in Developing Countries" shows that inflation will have only a negligible impact on poverty in India, adding that targeted transfers (such as what India has been doing) help poorer households cope with price spikes. (1/4) The report shows inflation in India will not push anybody below the lower poverty line of $1.9/day, while only 0.02% & 0.04% of the population will go below higher poverty lines of $3.3/day & $5.5/day, respectively. (2/4)

bit.ly/3auEDoK

The darkest period of India’s history post 1947 was endured for 21 months beginning this day in 1975. The fascist tendencies in the @INCIndia led by the then PM Smt. Indira Gandhi unleashed rule of terror by putting the entire opposition in prison. #Emergency1975 2/The fascist tendencies of the @INCIndia continued into 21 century.

Instead of working to get justice for karsevaks burnt alive (women & children, in particular)in #Godhra, these tendencies supported non-state actors to file concocted cases against the then Guj CM @narendramodi

1/My heartiest congratulations and gratitude to Hon'ble Prime Minister Shri @narendramodi and Raksha Mantri Shri @rajnathsingh for announcing this historic package – Agnipath - which is a transformative scheme that will change the profile of the armed forces. #BharatKeAgniveer 2/The Scheme will give an opportunity to the youth between the ages of 17.5 and 21 years to receive military training and serve the nation for a period of 4 years, with a provision of voluntary retention after this period, based on merit. #BharatKeAgniveer

1/ Good to see the interest generated by @PMOIndia @narendramodi ‘s decision yesterday to bring an Excise Duty cut on petrol and diesel.

Sharing some useful facts.

‘am sure criticism/appraisal can benefit from having them before us. 2/Basic Excise Duty (BED), Special Additional Excise duty (SAED),Road & Infrastructure Cess (RIC) and Agriculture & Infrastructure Development Cess (AIDC) together constitute Excise Duty on petrol and diesel.
 
Basic ED is sharable with states.

SAED,RIC & AIDC are non-sharable.

1/12 Our government, since when @PMOIndia @narendramodi took office, is
devoted to the welfare of the poor.We’ve taken a number of steps to help the poor and middle class. As a result, the average inflation during our tenure has remained lower than during previous governments. 2/12 Today, the world is passing through difficult times. Even as the world is recovering from Covid-19 pandemic, the Ukraine conflict has brought in supply chain problems and shortages of various goods. This is resulting in inflation & economic distress in a lot of countries.

1. தேவார வைப்புத் தலங்களில் ஒன்றானது காசி விஸ்வநாதர் திருக்கோவில்.
ஸ்ரீகுமரகுருபர சுவாமிகள் அருளிய காசிக் கலம்பகத்தில்
(வஞ்சித்துறை)

“நகர மாய்மறைச், சிகர மானதால்
மகர மாயினான், நிகரில் காசியே.” 68

என்றும் காணலாம்.

இன்று 13 டிசம்பர், @PMOIndia பிரதமர் @narendramodi அவர்கள்…

https://twitter.com/narendramodi/status/1470000366825918466

2. “ஶ்ரீ காசி விஸ்வநாத் தாம்” திட்டத்தை துவக்கிவைக்கிறார்.

இதனை விவரித்து @vikatan னில் வெளிவந்த இரண்டு கட்டுரைகளை அடுத்த இரண்டு டுவீட்களில் பதிவிடுகிறேன்.இதில் ஒன்று, இத்திருக்கோவிலில் சமிபத்தில் நடந்த குடமுழுக்கிற்கும் தமிழகத்திற்கும் இருக்கும் தொடர்பை விளக்கியுள்ளது.
#Kashi

In 2019, several homebuyers, largely those belonging to middle income groups, made representation to @PMOIndia about their situation- having to pay EMI while continuing to live in rented houses. Projects were stalled, they didn’t get possession of their homes. @PIB_India (1/4) The real estate sector was under stress. Financial institutions couldn’t give additional funds to complete the projects.

The #middleclass #homebuyers were in a quandary.

After several stakeholder consultations, #SWAMIH Fund was created.

@PIB_India (2/4)

1/ Hon. CM of West Bengal @MamataOfficial has written to the Hon @PMOIndia seeking exemption from GST/Customs duty and other duties and taxes on some items and COVID related drugs.

My response is given in the following 15 tweets.

@ANI @PIB_India @PIBKolkata 2/ A list of items for COVID relief granted exemption from IGST for imports was issued on 3rd May’21. These were given exemption from Customs Duty/health cess even earlier.

Hon. CM @MamataOfficial , may notice that items in your list are covered.

@ANI @PIB_India @PIBKolkata

1. Today, @PMOIndia spoke on boosting infrastructure for Kashi (his constituency) and in UP. @narendramodi Ji spoke on #FarmLaws2020 related matters.
In the 5yrs before 2014, ₹1.5 lakh Cr were spent for wheat procurement. Post ‘14 in 5yrs ₹3 lakh Cr (double) were spent. 2. In the 5 yrs pre 2014, ₹2 lakh crores worth paddy was procured compared to ₹5 lakh crores procured in 5 yrs post ‘14.
Procurement of pulses in 5 years pre 2014, was for ₹600Cr. Whereas, for 5 yrs, post ‘14, ₹49000 Cr was spent for pulses procurement (75x more) #FarmLaws

Is the #MVA government in Maharashtra replaying #IndiraGandhi’s Emergency? Where are self-appointed guardians of #FoE in this #ArnabGoswami episode, which goes above & beyond ideological/political differences with a fellow journalist? No media ‘guilds’/Associations/Unions today? The ‘LeftLib’ brotherhood, which spawns itself in media outlets abroad is quick to comment on the @BJP4India central govt + @PMOIndia. How much longer will they ignore worse attacks on #FoE by provincial governments run by @INCIndia & their allies?
@WSJ @nytimes @FinancialTimes

1. Autumnal nine days recall the glory of Devi - Sharad Navaratri. Beautiful verses such as Devi Mahatmyam/Lalita Sahasranamam/Chandi Paath describe Devi’s qualities. These are recited.

Navavarna Kritis in Sanskrit are dedications by Muthuswami Dikshitar sung Carnatic style. 2. These magnificent pieces offer a glimpse of the Tantric mode of extolling Devi. Elaborate tantric rituals are simplified into emotive yet spiritually rich songs. Kritis (songs) are structured as Dhyana(1) Kirtana (9) & Mangala (1). Each is set to an evolved raga.

Just one virus has shaken up the world, the entire world is struggling to save lives, says @PMOIndia @narendramodi India has to become #selfreliant. This pandemic has provided an opportunity for us to make the 21st century an Indian century , says @PMOIndia @narendramodi

Shri @RahulGandhi MP (LS) and Shri @rssurjewala spokesperson of @INCIndia have attempted to mislead people in a brazen manner. Typical to @INCIndia, they resort to sensationalising facts by taking them out of context. In the following tweets wish to respond to the issues raised. Today’s attempt of @INCIndia leaders is to mislead on wilful defaulters, bad loans & write-offs. Between 2009-10 & 2013-14, Scheduled Commercial Banks had written off Rs.145226.00 crores. Wished Shri.@RahulGandhi consulted Dr. Manmohan Singh on what this writing-off was about.

On Vijaya Dashami, a few tweets on Lalita Sahasranamam (LS) the 1000 names of Lalita. LS is a Chapter in the Brahmanda Purana (3rd Cent BCE) compiled by Vyasa. It is in a dialogue format, between Hayagriva and Agastya. The names were uttered by Rishi Vagdevis such as Vaśi.

1/8 Each of the 1000 names is a description of a woman Goddess, Shakti. They extol the qualities, describe the beauty, attribute cosmic/grandiose features — and thereby perceive Her as mundane and spiritual, equally. All this about “the Woman”, “Shakti”, at least 2500 years ago.

2/8

Thank you ⁦@PMOIndia⁩ ⁦@narendramodi⁩ for laying out, in detail, your vision for the Indian economy. “ I consider entrepreneurs as India’s ‘Growth Ambassadors’.” economictimes.indiatimes.com/news/politics-… “...past 5 yrs, India witnessed the highest average growth rate with lowest average inflation... we were able to bring crores of poor families out of (destitution)...economic growth...means wealth creation for the nation...not...more money into state exchequer...”@narendramodi