It is surprised when any state
government went for loans write-off to farmers, Reserve Bank of India not
allowed them to do so.
Does the Farmers and Defaulters are
same? Vijaya Mallya left India on 2 March 2016 and fled to UK. A group of 17
Indian banks are trying to collect approximately ₹9,000 crore loans which
Mallya misuse the purpose and divert them for other interests. The news came
out after Congress filed for the details of top 50 willful defaulters through
RTI Act. According to the RTI reply, absconding Choksi's company Gitanjali Gems
tops the list of the defaulters with a whopping amount of Rs 5,492 crore.
Mallya's Kingfisher Airlines figures
in the list at number 9, with outstanding of 1943 crore which have been technically
written off by the banks while Deccan Chronicle Holdings Limited have 1915
crore written off loans. When Coronavirus hits Indian economy RBI write-offs
help to our economy. States are crying for minimum release of funds to fight on
covid-19. 68K crores amount is very much useful to fight against coronavirus.
Now, Indian government is serious to return him from the UK to face charges of
financial crimes in India and spend crores of money as expenditure to take
Mallya and Nirav Modi to India. What is use of taking back Nirav Modi and Vijay
Mallya from UK?
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