Here is a challenge for the readers. Winner may get the CM chair of a Union Territory, a chance to live luxuriously while abusing the PM as the only work.
The challenge is – “How many lies can you speak in one sentence?”
But please be warned that winning this challenge will not be a mean feat. The current winner is the below sentence, which was spoken by Mr. Kejriwal during his now famous BBC interview (on 17th Nov, 2016), and has many layers of lies and deceit.
“Modi Ji has colluded with the Indian Industrialists and has waived off the loan of 8 Lakh Crore Rupees on the day before yesterday.”
1. It was not a loan waiver (waive-off) but a write-off. A technical term that means that unrecovered loan can be shown as a loss in your balance sheet. It reduces Bank’s tax liability. Banks still try to get the loan back. If they get it back, say in 2017-18, it will be showed as revenue for that period.
2. The amount is not 8 Lakh crore as Kejriwal Ji says, but is 1.14 Lakh crore. And this bad loan was accrued between the period of April 2013 to March 2015. Modi became the PM on 26th May, 2014. 14 Months of MMS and 10 Months of Modi. You can do your maths to understand who is responsible for such bad loans and under whose political pressure Banks would have given it.
3. It was not Modi who has influenced or given the write-off. RBI has clear guidelines of when to declare the loan as bad-loan, and when to declare a write-off on a bad-loan. PM of the country does not affect the decision. The RBI governor doesn’t take the decision. He doesn’t generally tweak the guidelines. But he can. And Raghuram Rajan was the Governor of RBI when this write-off happened. So if anyone, it is RRR who can be held responsible for not stopping this from happen. But since any sane person will not call the decision bad, I will not call it a bad decision (assuming you consider me sane.)
4. The write-off was NOT done day before yesterday as Kejriwal Ji claimed. This news did NOT come out day before yesterday. It came out in 9th February 2016 in Indian Express and IE claims that it was because of their RTI that news came out.
5. Modi has not colluded with the Indian Industrialists. At least the evidence at hand does not suggest so. The ED, which works under the Finance Ministry of the central cabinet, has ordered to attach the properties worth 6600 belonging to Mallya. Petroleum Ministry has thrice ordered a hefty fines on Mukesh Ambani’s Companies including one of 10000 Crore Rs on 4th November. And this and this.
Looking at the number of lies in one sentence, Kejriwal Ji has broken his own old records and this may well be a new World record. Or Kejriwal Ji of 2016 is riled with the recent demonetization so much, that he has lost all the shame of being seen opposing the Kejriwal Ji of 2012?
