Wilful defaulters benefited from 'phone banking' under UPA regime: FM


Hitting out at the Congress party, Finance Minister Nirmala Sitharaman said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government was chasing them to recover the dues.
She was responding to the opposition's allegations of loan waivers worth Rs 68,607 crore in the form of write-offs of top 50 wilful defaulters during the first half of the financial year ended March 2020.
The Finance Minister, through a series of tweets on Tuesday, said that the Congress has attempted to mislead people, and former Congress President Rahul Gandhi should introspect why his party fails to play a constructive role in cleaning up the system. Read More


Comments

Post a Comment

Popular posts from this blog

Budgeting Myths Busted: 7 Common Misconceptions Revealed

Image
  Creating a budget is one of the best habits that can assist you in managing your finances more effectively. A budget can help you see where your money is going and what you need to do to control your expenses and increase your savings. Moreover, sometimes what not to do is just as important as how to manage your finances. Let’s delve into what a budget is, why it is necessary, and how to create one. Not only that, but we will also discuss 7 common myths about budgets that are prevalent among people. What is a Budget? Money holds significant importance in life, but managing it properly is equally crucial. Sometimes, expenses seem to escalate to the point where it becomes unclear where the money is going. That’s where budgeting comes in! In simple terms, a budget is an estimate of your future income and expenses. You can create it for a month, a year, or for a specific goal. Governments create budgets, companies create budgets, and you can create your own budget, regardles...
Read more

India to test 100-yr-old vaccine on adults as war on Covid-19 hots up

Image
Serum Institute’s recombinant BCG vaccine would be the first vaccine candidate in India to start human trials within the next two weeks. This is to test if the vaccine, administered at birth to Indians to fight tuberculosis, can also boost immunity in adults against the novel coronavirus. If all goes well, the vaccine, which has a proven safety track record, can be in the market by the end of this year. Serum Institute can make 300-400 million doses of this vaccine. The Bacillus Calmette-Gurein (BCG) vaccine named after French microbiologists Albert Calmette and Camille Guérin, is given to infants in India upon birth. Globally, the practice is to administer it to children below one year of age. Read More
Read more

Top 10 best finance movies to binge on your long weekend

Image
  Every cinema enthusiast has a genre of choice. For some it’s action, for others it may be romance, comedy, thriller or even sci-fi. That said, in recent times a new genre of cinema has emerged– one that has all the makings of multi-faceted, tear-jerking potboilers– it’s finance, or financial, white-collar crime to be precise. Each one of us has different learning styles. While some like to do a thorough reading, others like to watch documentaries and movies to learn about the common money mistakes to avoid. This genre is excellent and exciting enough to motivate a majority of viewers to get their finances together. For the rest of us- it’s just pure entertainment. 1.    The Big Short (2015) This movie adaptation of the non-fiction book, ‘The Big Short: Inside the Doomsday Machine’ by Michael Lewis tells the true story of the financial crisis of the U.S. housing market that occurred in 2007-2008 due to subprime mortgages. You don’t know what that is? Well, thanks t...
Read more