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Congress targets Jaitley over rise in bank frauds, NPAs

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New Delhi, Jan 3 (IANS) The Congress on Thursday attacked Arun Jaitley over increase in bank frauds and plunge in new investments, saying the Union Finance Minister is more concerned about defending the Rafale deal instead of running the economy.

Citing a recent Reserve Bank of India (RBI) report revealing a 72 per cent rise in bank frauds in 2017-18 over the last year, Congress spokesperson Abhishek Manu Singhvi questioned the “stoic silence” of Prime Minister Narendra Modi over the issue.

“While our Finance Minister is busy trying to defend the defenceless Rafale deal, fraudsters looted around Rs 41,167 crore from our banks in 2017-2018, a steep rise of 72 per cent over the previous year when the figure was Rs Rs 23,933 crore,” Singhvi told the media citing the RBI report.

Singhvi also cited two others reports to target the Modi government over its economic policies.

“Another report states that investments in the October-December quarter fell to a 14-year-low, with new investments being 55 per cent lower than the year-ago period. According to the Finance Ministry data, the amount of Mudra loans that turned into NPAs almost doubled in the year to Rs 7,277 crore from the Rs 3,790 crore of NPAs recorded in 2016-17.

“While the economy is in dire straits, neither Modi nor his government has bothered to give any response. This is what happens when the Finance Minister of country acts as a ‘defensive minister’ for the government instead of focusing on the economy,” said Singhvi.

Ridiculing Modi for campaigning in Punjab instead of facing questions over the Rafale deal in Parliament, Singhvi asserted the Congress will continue to raise the issue inside and outside Parliament until the Prime Minister responds.

–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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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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