Nirmala Sitharaman’s 13-Point Retort To Rahul Gandhi’s ‘RBI List’ Attack

The finance minister got here out strongly in tweets blaming Congress for failing to play a constructive position in cleansing up the system whereas clearing the federal government’s place on wilful defaulters

New Delhi, April 29: In response to Congress chief Rahul Gandhi’s assault on the ruling BJP after Reserve Bank of India launched the checklist of high wilful defaulters, Finance Minister Nirmala Sitharaman took to Twitter and responded to the allegations.She got here out strongly in her 13-tweet retort round 11 pm on Tuesday.

“Rahul Gandhi, MP (LS), and Randeep Singh Surjewala, spokesperson of Congress, have attempted to mislead people in a brazen manner. Typical to Congress, they resort to sensationalising facts by taking them out of context,” the finance minister tweeted.

Rahul Gandhi has criticised the federal government saying it had hidden the checklist from parliament because it included mates of the ruling get together.

The Congress chief tweeted on Tuesday afternoon round 3.20 PM, “I asked a simple question in parliament – tell me the names of 50 biggest bank scammers. Finance Minister refused to reply. Now RBI has put names of Nirav Modi, Mehul Choksi and other BJP friends in the list. This is why they hid the truth from parliament,” Sitharaman countered that between 2009-10 and 2013-14, scheduled business banks had written off Rs 1,45,226 crore.

In response to the allegations, the finance minister stated provisions are made for Non-Performing Assets in line with a four-year provisioning cycle laid down by the RBI. “Upon full provisioning being done, banks write-off the fully provided NPA but continue to pursue recovery against the borrower. No loan is waived off,” she clarified.

“Those defaulters, who do not repay despite having the capacity to pay, divert or siphon-off funds, or dispose of secured assets without bank’s permission are categorised as wilful defaulters. They are those well-connected promoters who benefitted from UPA’s ‘Phone banking’,” Sitharaman tweeted.

She additionally pointed at Raghuram Rajan, who was RBI Governor when the Congress was in energy and stated RBI may have raised extra flags concerning the high quality of lending again then.

Later she targeted on the circumstances of Nirav Modi, Mehul Choksi and Vijay Mallya. She stated that it was the Prime Minister Narendra Modi-led authorities which was pursuing these wilful defaulters.

She then acknowledged the present place of these circumstances by the tweet.

“9,967 recovery suits, 3,515 FIRs, invoking Fugitive Amendment Act in cases are on now. Total value of attachment and seizures in the cases of Nirav Modi, Mehul Choksi and Vijay Mallya: Rs 18,332.7 crore,” she stated.

The finance minister additionally blamed Congress for failing to play a constructive position in cleansing up the system.


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