‘Habit of baseless statements’, Nirmala Sitharaman’s counterattack on Rahul Gandhi’s allegations

Nirmala Sitharaman On Rahul Gandhi: Union Finance Minister Nirmala Sitharaman has fiercely focused the allegations of opposition chief Rahul Gandhi concerning the functioning of Public Sector Banks (PSBs) through the tenure of Prime Minister Modi. Terming Rahul’s allegations as “baseless” and “beyond facts”, the Finance Minister enumerated intimately the reforms and achievements made through the Modi authorities in India’s public sector banks (PSBs).

Nirmala Sitharaman stated on Have individuals who met Rahul Gandhi not advised him that the well being of PSBs had deteriorated considerably through the UPA tenure as a consequence of excessive focus of company debt and indiscriminate lending?

PSBs have been ATMs for capitalists throughout UPA rule.
He stated that through the Congress rule, PSBs have been handled like ‘ATMs’ for his or her cronies and shady businessmen. It was really through the UPA regime when financial institution workers have been harassed and compelled to offer loans to their colleagues by way of “phone banking” by functionaries of the then Congress-led UPA authorities.

Leader of the Opposition (LoP) @RahulGandhi The baseless statements have come to the fore once more. India’s banking sector, particularly the Public Sector Banks (PSBs), has witnessed unprecedented reforms beneath the management of Honorable Prime Minister Shri Narendra Modi.

Did those that met the opposition chief inform him… https://t.co/5QUzsQlnle

— Nirmala Sitharaman Office (@nsitharamanoffc) December 11, 2024

Finance Minister’s query to the opposition chief
The Union Finance Minister questioned, “Did the individuals who met Rahul Gandhi not inform him that the Asset Quality Review was initiated by our authorities in 2015, which uncovered the ‘cellphone banking’ practices of the UPA authorities?, Modi The authorities launched ‘4R’ technique and different reforms within the banking sector. Didn’t those that met the opposition chief inform him that within the final 10 years, Rs 3.26 lakh crore was given to public sector banks by way of recapitalization. Common folks even have stake in public banks and dividend is a supply of revenue for such buyers and never just for the Government of India. Didn’t the individuals who met him inform him that UPA. These public banks had given dividend of Rs 56534 crore through the rule. Citizen-centric governance and inclusive improvement is the essential precept of Modi authorities.

238% enhance in loans as much as Rs 10 lakh
Did the individuals who met the opposition chief not inform him that there are 54 crore Jan Dhan accounts and greater than 52 crore collateral-free loans beneath numerous main monetary inclusion schemes (PM Mudra, Stand-up India, PM-Swanidhi, PM Vishwakarma) Have loans been authorized? Did the individuals who met the opposition chief not inform him that 68% of the beneficiaries beneath the Pradhan Mantri Mudra Yojana are ladies and 44% of the beneficiaries beneath the Pradhan Mantri Swanidhi Yojana are ladies. This is proof of the philosophy of ‘Antyodaya’ of the Modi authorities.

Did the individuals who met the opposition chief not inform him that loans as much as Rs 10 lakh have elevated by 238% within the final 10 years and their share within the complete loans has additionally elevated from 19% to 23%? Similarly, did the individuals who met the opposition chief not inform him that loans as much as Rs 50 lakh have additionally elevated by 300% within the final 10 years, rising their share from 28% to 42%?

Did the individuals who met the opposition chief not inform him that the recruitment drive and the employment honest initiative have crammed lakhs of vacancies in all central authorities departments, together with banks and public sector banks? Didn’t the individuals who met the opposition chief inform him that since 2014, public sector banks have recruited 3.94 lakh workers? As of October 2024, 96.61% officers are in publish and 96.67% are in subordinate/award workers posts, which reveals only a few vacancies are being crammed.

He requested whether or not the individuals who met the Leader of the Opposition didn’t inform him that the twelfth Bilateral Agreement (BPS) was signed a lot earlier than the conventional time taken for the settlement, thereby decreasing the revenue of financial institution workers. elevated? The twelfth BPS contains a number of employee-friendly measures akin to: – 17% enhance in pay and allowances (Rs 12,449 crore) and three% weightage (throughout the total enhance of 17%) to Rs 1,795 crore (attracting ultimate revenue). – New pay scale and price sheet for all cadres. – Change in base yr for calculation of DA/DR charges for serving workers in addition to pensioners/household pensioners from 1960 to 2016. – Revised lodging charges/charges for reimbursement of lodging bills, deputation allowance and bills on highway journey.

Retired workers will profit from this coverage
Revised medical insurance coverage coverage for retired folks with Aadhaar coverage idea. – Employee Welfare Fund (SWF) was promoted by rising the utmost restrict of annual expenditure. The vary, which was final revised in 2012, has been fully revised. After the modification, the mixed most annual expenditure restrict of SWF for all 12 public sector banks has elevated from Rs 540 crore to Rs 845 crore. This enhance will profit 15 lakh workers together with retired workers.

Did the individuals who met the opposition chief not inform him that in 2015, through the tenure of Prime Minister Modi, RBI had introduced that each one banks would stay closed on the second and fourth Saturday of the month. Women are performing higher on this subject as MD, CEO and leaders. The Modi authorities’s dedication to women-led improvement is obvious not solely in coverage but additionally in follow.

Provision of particular depart for girls workers
The latest order issued by @DFS_India to all banks on 26 November 2024 clearly reveals that the federal government is guaranteeing that banks take care of ladies workers, their well-being and considerations. This contains provisions for particular depart for feminine workers, together with depart during times, infertility therapy, adoption of a second baby and depart associated to stillbirth. Apart from this, it additionally contains transferring ladies workers to close by areas, not transferring them within the center of the yr and many others.

PSB workers and residents have been insulted
Rahul Gandhi’s misrepresentation of information is an insult to hardworking PSB workers and residents who profit from a clear and powerful banking system. Now the time has come for Congress to enhance the understanding of the governance system of the chief of the opposition. Did the individuals who met the opposition chief not inform him that within the final two years alone, 16 credit score outreach packages have been organized throughout India, through which loans value greater than Rs 24,500 crore have been given to about 9 lakh small prospects?

These loans got beneath schemes like PM Mudra, Kisan Credit Card, Stand-up India, PM Swanidhi, MSME mortgage and agricultural mortgage. Most of these loans are collateral-free, small-ticket loans, geared toward serving to widespread folks.

What did Rahul Gandhi say?
Rahul Gandhi had criticized the Modi authorities on the situation of public sector banks (PSBs) and the affect of its insurance policies. Rahul Gandhi Gandhi alleges that the aim of public banks was to offer loans to most of the people, however now they’re solely benefiting massive corporates and wealthy folks.

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