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Siddaramaiah makes BJP admit that loans to industrialists were written off

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HIGHLIGHTS

  1. It started with Rahul accusing BJP government of waiving loan worth Rs 2.5 lakh crores of 15 rich people in the country.
  2. The BJP Karnataka ended up acknowledging that few “corporate loans” were written off by banks in last 4 years.

 Karnataka chief minister (CM) Siddaramaiah yesterday tricked the BJP unit of his state into admitting that banks under NDA government did write off loans to industrialists. It all happened on micro-blogging platform Twitter, where the BJP Karnataka ended up acknowledging that few “corporate loans” were written off by banks in last 4 years of the BJP government in centre.

Referring to the centre government as “suit boot ki sarkaar”, a term coined by Congress president Rahul Gandhi, Siddaramaiah said, “Good! At least you admit the loans of large industrialists have been written off. Now, please join us in requesting PM Modi to write off the loans of our farmers if they can’t be waived.”

It started with Rahul accusing BJP government of waiving loan worth Rs 2.5 lakh crores of 15 rich people in the country, while applauding Congress CM Siddramaiah for waiving loan of Rs 8000 crores of farmers in Karnataka.

 

The saffron party’s Karnataka Twitter account, while reacting to these allegations, maintained that banks had not waived corporate loans but only written them off, and they will be recovered in due course.

Hitting back further at the Congress scion, the BJP Karnataka claimed he lacked any technical understanding of economics.

However, as it turned out, even the BJP was technically incorrect, as pointed out by the Congress leader Salman Aneez Soz.

Soz said that PM Modi and his team is “ignorant” about basic economics as loans that are written off are “unrecoverable”.

 

reality LEGEND

reality

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Sid gadu Vishwanathan Anand ki Coach aa endhi? Anni Chess moves esthunnadu...@3$%

Staysafebro Celebrity

Staysafebro

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1 minute ago, reality said:

Sid gadu Vishwanathan Anand ki Coach aa endhi? Anni Chess moves esthunnadu...@3$%

It is still a miracle if they win again there

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