New Delhi: Dismissing Rahul Gandhi’s claims that the government hid the list of of 50 wilful defaulters accused of cheating banks and waived off loans, Union Information and Broadcasting Minister Prakash Javadekar, on Wednesday, said the Congress leader should take tuition from former Finance Minister P Chidambaram to understand the difference between ‘write-off and waive-off’.
‘I was taken aback by Rahul Gandhi’s comment that Modi government has waived off Rs 65,000 Crore. Not a single penny has been waived off. Writing off isn’t waiving off. Rahul Gandhi must take tuition from Chidambaram to understand difference between writing off and waiving off,’ Mr Javadekar told reporters here.
The Narendra Modi Government has not waived off any loan, he maintained.
“Write off” is a normal accounting process. It doesn’t stop recovery or action against defaults, he pointed out.
Mr Javadekar said, ‘Writing off is process to show depositors correct picture of bank. It doesn’t stop banks from taking actions and pursuing recovery’.
‘We’ve seen how Nirav Modi’s assets are seized and auctioned. (Vijay)Mallya has been left with no choice but to come back as his appeal in High Court has been rejected,’ he said.
Earlier, Finance Minister Nirmala Sitharaman has countered Mr Gandhi’s allegations on “wilful defaulters, bad loans and write-offs”, calling them an attempt to ‘mislead the people in a brazen manner” and sensationalise facts, typical to the principal opposition party.
In a series of tweets on Tuesday night, Ms Sitharaman said she wished that Mr Gandhi consulted former Prime Minister Manmohan Singh on what this writing-off was about.
The Congress on Tuesday said helping fugitives and waiving off their loans has become the main agenda of the BJP and demanded an answer from the Prime Minister.
‘On March 16, Mr Gandhi asked the Modi government in Parliament, names of 50 top bank scamsters in India. The government and Finance Minister kept mum and refused to disclose any names,’ said AICC communication in-charge Randeep Singh Surjewala has said addressing mediapersons via video conferencing.
The RBI, on Tuesday, released a list of the top 50 wilful defaulters accused of scamming the country’s banks. Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the RBI. The RBI said outstanding loans amounting to Rs 68,607 crore taken out by the 50 firms have been written off till September 30, 2019.