New Delhi, April 14 (IANS) The Congress on Saturday accused Modi government of writing off Rs 5.5 lakh crore in loans of its "blue-eyed boys" and asked it to reveal the names of those corporate companies in respect of whom the loans were written off.
Congress spokesperson Abhishek Singhvi accused the government of crony capitalism.
"This is nothing but one-sided favouritism of your blue-eyed boys, the blue-eyed corporate," he said.
Referring to a news report, he said the total write off was Rs 7 lakh crore in the last 10 years and Rs 5.5 lakh crore in the last five years.
"So, on an average each year this government has merrily been writing off Rs 1 lakh crores of loans and what are they going to do about recapitalisation, about taking your tax payers money and trying to re-capitalise the banks," Singhvi said.
"The right hand will write off loans, left hand will recapitalise. It is a joke, it is a fraud, it is the worst kind of hypocrisy and I think the time is not far when this government and its double-faced, double-voiced approach will be punished severely," he added.
Singhvi said there is no chance of the names being revealed because that will reveal the "true extent of the Modi government's crony capitalism".
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz