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Narendra Modi at FICCI LIVE: UPA Govt Forced Banks to Dole Out Huge Loans to Industrialists, Says PM

News18.com | December 13, 2017, 5:02 PM IST
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Prime Minister Narendra Modi is addressing the leaders of Indian Industry at the Annual General Meeting of FICCI, his first address to an AGM of a national business association after becoming the PM. He has called on industry and political parties to meet the aspiration of people who want India to get rid of corruption and black money.

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Dec 13, 2017 4:53 pm (IST)
Dec 13, 2017 4:48 pm (IST)

PM moves on to Goods and Services Tax (GST). “We implemented GST on the demand of traders. Our aim is to link every trader — big or small — with GST. More and more industrialists should be associated with GST.”

Dec 13, 2017 4:45 pm (IST)
Dec 13, 2017 4:45 pm (IST)

Lies are being spread that bank deposits of people are under threat. I want to assure people that their money is safe. And we are taking more steps each day to make sure they stay safe. The role of FICCI is important in helping inform the people of these lies: PM Modi

Dec 13, 2017 4:40 pm (IST)
Dec 13, 2017 4:39 pm (IST)

The PM has accused the previous Congress-led UPA government of “destroying” the banking sector. “The previous government forced banks to give huge loans to industrialists. It was a bigger scam than 2G, CWG and coal allocation. The current NPA crisis was created by them. We are working day and night to strengthen the banking sector. FICCI is instrumental in this.”

Dec 13, 2017 4:24 pm (IST)

In a statement, FICCI said it is India's oldest and largest business chamber with membership across the country and all sectors of the economy. FICCI was launched in 1927 on the advice of Mahatma Gandhi to industry leaders Ghanshyam Das Birla and JRD Tata.

Dec 13, 2017 4:23 pm (IST)

Four state finance ministers — Sushil Modi, also the deputy chief minister of Bihar; Amit Mitra of West Bengal, Thomas Isaac of Kerala and Haseeb Drabu of Jammu & Kashmir — will talk about GST, which was ushered in the country on July 1.

Dec 13, 2017 4:23 pm (IST)

The AGM, with the theme 'Indian Business in a New India', will also be addressed by Finance Minister Arun Jaitley and Defence Minister Nirmala Sitharaman on December 14. Senior Congress leader Jyotiraditya Scindia will also address a special session.

Dec 13, 2017 4:22 pm (IST)

Prime Minister Narendra Modi is addressing the leaders of Indian Industry at the Annual General Meeting of FICCI, his first address to an AGM of a national business association after becoming the PM.

Narendra Modi at FICCI LIVE: UPA Govt Forced Banks to Dole Out Huge Loans to Industrialists, Says PM
PM Narendra Modi
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