LIE: Insolvency and Bankruptcy Code (IBC), 2016 has resulted in recovery of Rs. 4 lakh crore out of staggering Rs. 9 lakh crore of NPAs or bad loans given to the corporates under UPA government


Modi Lies

Recovery stood at Rs. 8,680 crore in FY 2016-17 and Rs. 7,106 crore in FY 2017-18 (upto 31.12.2017).  India received Rs 36,400 crore from the successful resolution of Bhushan steel while the remaining 11 cases (of the total 12) will be able to  easily retrieve about Rs 1 lakh crore. Approximating the figures, the amount […]

December 31, 2017

LIE: Total NPA stood at Rs. 52 lakh crore in March 2014


Modi Lies

This was the statement made by PM Modi in the Parliament to place the entire blame of rising NPAs on the opposition party. But his claims come with unreliable data. The Rs 52 lakh crore that PM Modi quotes is the total advances by public sector banks and not NPAs. Read more here: https://www.ndtv.com/india-news/prime-ministers-npa-allegation-mystery-data-deleted-tweet-1810138 Image […]

February 7, 2017

LIE: Till the time you were in power you lied and said the NPAs were 36% but in 2014 (the year the BJP came to power) we started seeking the truth and looked at the documents. We realised that you gave wrong statistics. NPAs were at 82%.


Modi Lies

As per data by the Reserve Bank of India, gross NPA as percentage of total amount of loans stood at 3.8% in 2013-14, not 82%. By 2015-2016, this had doubled to 7.5%. There is no source for the ‘82%’ quoted by PM Modi. Read more here: https://www.ndtv.com/india-news/prime-ministers-npa-allegation-mystery-data-deleted-tweet-1810138 Image Courtesy: Money Control

February 7, 2017