I have earlier documented startling departures from the truth in PM Modi's statements. Here are some more I found when reading on some other topic :
Modi said in parliament in early 2018 : “Till the time you (UPA) were in power you lied and said the NPAs were 36% but in 2014 (the year the BJP came to power) we started seeking the truth and looked at the documents. We realised that you gave wrong statistics. NPAs were at 82%,”
In contrast, the Reserve Bank of India has said that in the year 2013-14, gross NPA (as percentage of total loan amounts) stood at 3.8% – a far cry from the 82% Modi said it is.
Modi said in parliament in early 2018 : “Till the time you (UPA) were in power you lied and said the NPAs were 36% but in 2014 (the year the BJP came to power) we started seeking the truth and looked at the documents. We realised that you gave wrong statistics. NPAs were at 82%,”
In contrast, the Reserve Bank of India has said that in the year 2013-14, gross NPA (as percentage of total loan amounts) stood at 3.8% – a far cry from the 82% Modi said it is.
Modi went on to say in Parliament that total advances by banks climbed to Rs 52 lakh crore in March 2014 – as part of the UPA government’s bad debt. “This was the money of India’s poor.”
But in fact, the Rs 52 lakh crore refers to total advances by public sector banks, according to RBI data, and not NPAs.
Could even a high school student have made these wild misrepresentations ?
But in fact, the Rs 52 lakh crore refers to total advances by public sector banks, according to RBI data, and not NPAs.
Could even a high school student have made these wild misrepresentations ?
Not expected of Modi Ji to make such wrong statements.
ReplyDeleteGenerally he does not.
Could there be a catch??