TIL Desk/National/New Delhi/ The Bharatiya Janata Party (BJP) on Tuesday said that a statement by former Reserve Bank of India (RBI) Governor Raghuram Rajan proves that the Congress party is responsible to the rise in non performing assets (NPAs). Addressing a press conference, Union minister Smriti Irani accused Congress president Rahul Gandhi, Sonia Gandhi and Robert Vadra of sabotaging taxpayers’ money.
“The Congress was exposed yesterday (on Monday). Raghuram Rajan’s statement clearly proves that it is Congress who is responsible for increased NPA. Rahul Gandhi, Priyanka Vadra & Sonia Gandhi wanted to sabotage the taxpayer’s money,” said Smriti Irani. Targeting Sonia Gandhi, the Bharatiya Janata Party (BJP) leader said that the UPA chairperson “led a government that attacked the very core of the Indian banking system”.
She added, “Raghuram Rajan said that between 2006-08, the UPA functioning led to increased NPAs in India’s banking structure.” In a note to a Parliamentary panel, the former RBI Governor had said that over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans.
