New Delhi: In yet another punitive attack against the Narendra Modi government, Congress president Rahul Gandhi on Monday said that in “Modi’s India”, demonetisation meant “lining up and depositing money in banks” for the poor, while it was a “means of converting their black money” for crony capitalists.
He also alleged that crony capitalists got their Rs 3.16 lakh crore debt written off using public money.
“Modi’s India – For Common Man: Notebandi-line up and put your money in banks. All your details into Aadhar. You can’t use your own money.
“For Crony capitalists: Notebandi-convert all your black money to white. Let’s write off 3.16 lakh crore using common man’s money,” Gandhi said on Twitter.
The Congress leader also hit out at the BJP-led NDA government over a media report which, citing Reserve Bank of India (RBI) data, stated that public sector banks had written-off over seven times the recovery amount in the last four years.
Between April 2014 and April 2018, the country’s 21 state-owned banks ended up writing off Rs 3,16,500 crore of loans even as they recovered Rs 44,900 crore written off on a cumulative basis ? or less than one-seventh the write-off amount, the report said.
The Congress president has often targeted the government over writing-of bad debts of industrialists and not of farmers.
On Sunday, Gandhi had claimed that public money was being used to bail-out the debt-ridden IL&FS group.
In a tweet, titled, “Lights, Camera, Scam”, Rahul alleged that in 2007, when Narendra Modi was the Gujarat chief minister, IL&FS was given the ‘GIFT CITY’ project worth Rs 70,000 crore. Till date no work has been achieved under the plan. Furthermore he claimed that in 2018, Modi was bailing out the same company via LIC and SBI.
In another tweet, Gandhi told PM, “Modiji, your favourite private company ILFS is about to drown.” He asked,”You want to save the company via LIC. Why? LIC is the sign of trust of the country. Why do you save the traffickers with public money? Does ILFS mean ‘I Love Financial Scams’ to you?”