WION Web Team New Delhi, Delhi, India
Mar 05, 2018, 11.58 AM
Union Minister Ravi Shankar Prasad hit out at the Congress saying that the entire banking system was out of control under the leadership of Economist Prime Minister Manmohan Singh.
He also blamed the Congress for the PNB Scam saying that UPA helped Mehul Choksi in 2014.
He added that the corruption was planted in the Congress regime.
Prasad also said that the Congress party has issues with technology since technology brings transparency.
Under the so called economist Prime Minister Manomhan Singh, the entire banking system went haywire due to all kinds of interference with it: Union Minister Ravi Shankar Prasad pic.twitter.com/Uz0N1C3x5H
Referring to the 80:20 Gold scheme, he said that the Congress must come clean in the loot.
He said "There was a Scheme 80:20 introduced in August 2013 and repealed in November 2014. On 16th May 2014, the date of the declaration of results, the then Finance Minister gave 'aashirvaad' to 7 private companies under 80:20 Scheme. One of those companies was Gitanjali."
He further said "Chidambaram and Rahul Gandhi must answer why was this passed on the day of results to benefit these 7 private companies?
Congress has been indulging in the politics of fear and confusion in the last 4 years: Union Minister Ravi Shankar Prasad pic.twitter.com/kRNuRMNbhd
Replying to the Congress' accusations of corruption in Rafale deal, he said: " It is very surprising that Congress party which is drowned in corruption in Bofors among other purchases of weapons system, is raising questions on Rafale deal". He added that Congress could not execute Rafale deal for 10 years.
Prasad claimed that not a single loan given under the BJP government is Non-performing Asset.
He said "Time and again we have stated that not a single loan given under our government is NPA. In 2008, the total advance to people given by the banks was Rs 18.06 Lakh Crores. By March 2014 amount went up to Rs 52.15 Lakh Crore. The stressed asset identified out of this was only 36 per cent".
He added "Now the stressed asset has risen to 82 per cent out of that advances made in the UPA government. This means for more than one occasions the correct data could not make it to the records of the banks under UPA government".
Speaking about the party's historic victory in Tripura he said the win was very difficult for the country.