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Modi’s no-holds-barred attack on Rahul, throws ‘phone banking’ jibe

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6 years ago

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New Delhi, Sep 1 (IANS) In a no-holds-barred attack on Congress and its chief Rahul Gandhi, Prime Minister Narendra Modi on Saturday accused “one privileged family” of being responsible for the huge scam in bank loans through “phone banking” during the UPA regime and vowed to bring back every rupee that has been caught in NPAs.

He described NPAs as the biggest scam of UPA which it tried to bury by dishing out a figure of Rs 2.5 lakh crore as defaulting loans which was actually Rs 9 lakh crore.

Modi did not take either Rahul Gandhi’s name or anyone else in the Congress’ first family but he has been using the “naamdaar” (privileged) jibe at Rahul Gandhi and his family.

Launching the India Post Payments Bank (IPPB) at a function here, Modi said none of the loans that turned bad were given during the NDA regime. He said his government has identified 12 largest defaulters of pre-2104 period, who failed repay Rs 1.75 lakh crore and action to recover the amount is on.

The government has also identified another 27 defaulters of Rs 1 lakh crore NPAs and the government ws working on its recovery, he said adding that this was found during a review of defaults of above Rs 50 crore after he took charge.

The Prime Minister said earlier the banks used to chase such defaulters but today they were running to the banks to hand over the money as investigative and enforcement agencies were tightening the noose around them.

“Those who were feeling that the loan amount they have taken from banks with the help of ‘naamdaar family’, will remain always ‘incoming’ but now ‘outgoing’ has started from their accounts,” he said.

“Every rupee that has been forced into defaults will recovered and used for the development of the poor,” he said.

The Prime Minister said the ‘privileged’ family left a number of landmines in the economy through their indiscriminate lending by phone banking.

“If the government had made it public, it would have had a disastrous effect on economy. The NDA government meticulously brought the country out of this crisis,” he said.

The Prime Minister said that his government has taken a number of reform measures like the passage of Fugitive Economic Offenders Bill, which would enable seizure of the assets of defaulters even if they are not in the country, and adoption of a professional approach in the banking system.

He said a new measure that has been introduced in banking through which the passport details of those who take big loans were being collected so that they cannot flee the country after defaulting.

Apparently replying to Rahul Gandhi, who had claimed two days ago that the NPAs were only to the tune of Rs 2.5 lakh crore during UPA, Modi said the reality was to the contrary.

“The claim that it was Rs 2.5 lakh crore was a lie and fraud. In fact the real figure was Rs 9 lakh crore. At a time when huge scams were coming to the fore, they (Congress) were busy in suppressing their biggest scam,” he said.

He said the UPA government knew that some day the fraud would be unearthed. So they hatched a conspiracy and misled the country by hiding the real figures.

“Instead, when the loans were turning bad, the “privileged” put pressure on the banks to give further loans in the name of ‘restructuring’ which was another fraud. The banks knew that the money would not come but the officials continued to advance loans recklessly because they had the ‘blessings’ of the ‘naamdaars’, he said.

“After independence till 2008, the banks had advanced loans to the tune of Rs 18 lakh crore while in six years alone between 2008-14, it jumped up to Rs 52 lakh crore,” he said.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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3 months ago

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September 3, 2024

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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