App’s MLA from chandani chowk and former congress leader Alka Lamba on Saturday scored a self goal while trying to mock Prime minister Mr. Modi. In order to make fun of current government over the Bank’s NPA mess, she ended up jumbling amount of the loan given by banks between 2008-2014 to an incomprehension level.
On 12th January she wrote :
Even if we assume that the starting lines has typo and she has mistakenly inserted ‘thousand’, then also tweet has too many factual errors which reflect poor understanding of the issue on her part. Giving false information on a public platform is least expected from a seasoned politician like her who has been in public life for a very long period.
Beauty of democracy lies in checks and balances which comes through opposition. They need to keep reminding the current dispensation about their duties toward people and keep a strict vigil towards their wrongdoings. But this need to be done in a free and fair manner because distorting facts and figures to malign your opponents only leads to disaster and may even bring down the credibility of public institutions and posts.
Here are the correct facts:
– During first 60 years after independence total loan given by banks : 18 lakh crores
– Total loans given by banks till 2014 : 52 lakh crores.
– Means loans given between 2008 – 2014 : 34 lakh crore
Now all the loans given by banks are not Non Performing Assets (NPA) which Ms. Lamba’s tweet seems to be suggesting. Total NPA stands around 10 lakh crores and is on path to recovery after the introduction of ‘Insolvency and Bankruptcy Code, 2016 (IBC)’ .
As per RBI’s half yearly Financial stability Report (FSR)
1) Gross Non Performing Assets (GNPA) ratio declined to 10.8 per cent in September 2018 from 11.5 per cent in March 2018
2) GNPA ratio may decline from 10.8 per cent in September 2018 to 10.3 per cent in March 2019.
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