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