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Congress chief Rahul Gandhi Monday said 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.
New Delhi: Taking a swipe at the Centre, Congress chief Rahul Gandhi Monday said 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.
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Modi's India-
For Common Man: Notebandi-line up and put ur money in banks. All ur details into Aadhar. U can't use ur own money.
For Crony capitalists: Notebandi-convert all ur black money to white. Let's write off 3.16 lakh Cr using common man's money. https://t.co/M0W2KUicFH
— Rahul Gandhi (@RahulGandhi) October 1, 2018
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.
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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. (PTI)
