Pretend of 5 trillion within the authorities to indicate the economic system of 5 trillion – Congress

New Delhi: The Congress on Monday, citing the annual report of the Reserve Financial institution of India, claimed that below the federal government, which had dreamed of reaching $ 5000 billion to the nation’s economic system, it had cheated banks by Rs 5000 billion (Rs 5 lakh crore) within the final seven years. accomplished. Congress spokesperson Gaurav Vallabh additionally questioned why the central authorities didn’t cease fraud from banks and what steps it’s taking to get better the quantity of the fraud.

He mentioned, “Not too long ago the Reserve Financial institution has launched its report for 2020-2021. There are various surprising figures concerning the present state of the economic system. There are additionally statistics associated to dishonest from banks.

The Congress chief mentioned, “There was a pointy enhance in financial institution fraud cases after 2014-2015. 1.38 lakh crore was cheated in 2020-21 alone. The fraud quantity elevated at a charge of 57 per cent between 2014-15 and 2019-20, in comparison with 2014-15.

He claimed that the Narendra Modi authorities, which confirmed the dream of bringing the economic system to 5 thousand billion {dollars}, couldn’t do it, however below its rule, about 500 billion rupees have been duped from banks in seven years.

The Congress spokesperson questioned, “Why has the Modi authorities didn’t cease dishonest with banks within the final seven years?” In all cases of fraud, what’s the authorities doing to get the cash again? How a lot cash has been recovered so removed from the thugs who’ve weakened the banking system?

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