Give details of NPAs under NDA government, P Chidambaram tells PM Modi

He asked Modi government to disclose loans given during the NDA rule that turned into Non-performing assets (NPA)

Give details of NPAs under NDA government, P Chidambaram tells PM Modi

P Chidambaram

Former Finance Minister P. Chidambaram on Sunday slammed Prime Minister Narendra Modi for his remarks about bad loans generated during UPA rule, and asked his government to disclose loans given during the NDA rule that turned into Non-performing assets (NPA).

"The real test is, will the NDA-2 match the record of UPA-2 and that of UPA-1. Let's assume that PM is right when he says that loans given under UPA have turned bad. How many of those loans were renewed or rolled over (that is 'evergreened') under NDA?" Chidambaram wrote on Twitter.

"Why were those loans not recalled? Why were those loans evergreened? How many loans and how much that were given after May 2014 have become non-performing assets? This question was asked in Parliament but there is no answer so far," the senior Congress leader added.

Chidambaram also thanked Principal Economic Adviser Sanjeev Sanyal for endorsing his view that the Q1 GDP growth of 8.2 per cent is largely due to the low base effect (5.6).

"Thank you for also agreeing that, going forward, the base effect will not be so favourable and the growth rate will slow down. Let me repeat, I am happy that the growth rate has quickened, but it is too early to celebrate," he added.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in the headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

"Exciting news! Mid-day is now on WhatsApp Channels