- The Finance Minister had said that during the time of Manmohan Singh and Raghuram Rajan, the government banks were in the worst phase.
- Manmohan Singh’s answer – it is necessary to find out the real problems to improve the economy.
Former Prime Minister Dr. Manmohan Singh, while replying to the statement of Finance Minister Nirmala Sitharaman, said on Thursday that instead of finding solutions to the problems, the government is forced to accuse the opposition. Sitharaman said on Wednesday that government banks were at their worst during the time of Manmohan Singh and former RBI governor Raghuram Rajan.
Courting NRIs is good economics. Remittances have become the largest inflow of capital into emerging economies ahead of FDI and others. Our successful Indian diaspora helps us pay our import bills! pic.twitter.com/Upl9tKKZlV
— Uday Kotak (@udaykotak) October 17, 2019
‘Most factories in Maharashtra closed in last 5 years’
Manmohan Singh was holding a press conference in Mumbai in connection with the Maharashtra elections. He said that to improve the economy it is necessary to find out the real problems and reasons. The apathy of the government is affecting the ambitions and future of the people of the country. Business sentiments have deteriorated in Maharashtra. Many factories are under threat of closure. In the last 5 years, the maximum number of factories were closed in Maharashtra. The governments of the Center and Maharashtra do not want to adopt the policies of the people.
Finance Minister #NirmalaSitharaman is spreading fake news.
RBI report states that NPA as percentage of gross advances was :
2014: 3.8%
2019: 11.2%End of story.
— Sanjay Jha (@JhaSanjay) October 16, 2019
FM @nsitharaman continues to choose arrogance & lies over introspection. The fact is this govt has created a calamitous situation of India’s banking system & now their egos don’t allow them to either admit the truth or ask for help. https://t.co/vAH5MSIhHm pic.twitter.com/qD4GcSWvsE
— Congress (@INCIndia) October 16, 2019
