In the last three days, three separate government reports have not only contradicted the claims of Prime Minister Narendra Modi and finance minister Arun Jaitley but also exposed the government’s lies regarding the country’s economy. The Reserve Bank of India (RBI) has said in its latest report that there has been an increase of 72% in the bank scandals in the last one year. However, the government claims that everything is in its control.
The claims about Mudra loans and Jan Dhan Yojana, for which the government spent crores of rupees on advertisements, have also proved to be wrong. The startling figures of a government report show that the NPA due to Mudra loans has doubled in the last financial year. In 2016-17, the NPA was 3,790 crore which became 7,277 crore in 2017-18. Almost similar is the condition of investment today which has reached its lowest level in the last 14 years.
According to the statistics, in the last quarter, there was a reduction of 53% in investment; the decline was 55% last year in the same quarter. The Congress party has intensified its attack on the BJP government over the three official reports. Party spokesman Abhishek Manu Singhvi alleged that the finance minister Arun Jaitley has been unable to handle his department. It would take years to recover as Jaitley has broken the backbone of the country’s economy, he said.
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