rewari: Why is executive silent on ‘Gajak’ tradition: Congress counters ‘Rewari’ jibe

The Congress on Friday attacked the Heart over the writing off loans amounting to Rs 10 lakh crore and termed it because the “Gajak tradition”.

Addressing a press convention on Friday Congress spokesperson Gaurav Vallabh mentioned that according to the Meals Safety Act 2013, the BJP executive disbursed unfastened ration to 80 crore voters all through the corona epidemic. Not directly, the Nationwide Meals Safety Act may be required by way of the federal government to shop for foodgrains from farmers on the Minimal Beef up Value (MSP).

“So if the distribution of foodgrains to 80 crore voters (roughly 60 consistent with cent of the inhabitants) and purchasing the similar foodgrains from farmers at MSP is a unfastened Rewari tradition, then within the closing 5 years Rs 9.92 lakh crore (about 10 lakh crore ) used to be written off by way of the banks. Why is the federal government silent in this unfastened Gajak tradition?”, he mentioned.

Vallabh mentioned, “Of the Rs 9.92 lakh crore mortgage written-off by way of banks within the closing 5 years, Rs 7.27 lakh crore is the proportion of public sector banks. Within the answer given in Parliament, the federal government admitted that within the closing 5 years , out of the volume written off by way of the general public sector banks, best Rs 1.03 lakh crore used to be recovered, public sector banks recovered 14 consistent with cent of the volume written off within the closing 5 years.

“If we additionally think that the restoration from the written off mortgage will build up to twenty consistent with cent within the coming time, the general public sector banks have now not recovered the mortgage of Rs 5.8 lakh crore. It will be important right here that if the debt of the general public sector banks sinks, then the cash of the rustic’s taxpayers sinks,” he mentioned.

The Congress chief mentioned, “If MNREGA is a unfastened ‘Rewari’ for the federal government, then why don’t you the relief within the company tax charges introduced by way of the federal government in 2019 is unfastened Gajak? Web affect of the lower in those company tax charges is Rs 1.45 lakh crore of much less tax assortment.

Vallabh mentioned, “Why small quantities or help given to the deficient are ‘freebies’ (Rewari), whilst the freebies that the wealthy buddies get at all times via low tax charges, write-offs and exemptions are ‘essential incentives’ (Gajak) ?”

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