L E T T E R S TO T H E E D I TO R Tall talk on NPAs

The Financial Express - - COMPANIES -

Apro­pos of the re­port “No bank de­faulter will be spared, warns PM Modi; at­tacks Congress” ( FE, March 28), though the PM’s warn­ing that no bank de­faulter will be spared sounds great but ac­cus­ing the Congress party of help­ing the rich usurp peo­ple’s money and claim that his gov­ern­ment has “tight­ened the screws” on the loot­ers who are now flee­ing due to fear of go­ing to jail sounds too delu­sional. The Modi gov­ern­ment has mis­er­ably failed to han­dle the case of busi­ness ty­coon Vi­jay Mallya in the right earnest and has failed to pre­vent his es­cape. Iron­i­cally, Modi’s re­mark is far from the truth as there is no vis­i­ble re­prieve from the NPA prob­lem for the PSBs. One wishes that the PM’s com­mit­ment to­wards not spar­ing the bank de­fault­ers does not turn out to be yet an­other hoax as has hap­pened in the case of his tall prom­ises of bring­ing back black money stashed abroad.

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