The media reports that according to RBI, almost all corporate loan cases get ‘seasoned’ for a couple of years as bad loans before they are reported as fraud.
Bank employees and managers abet these scamsters and the government treats public sector banks as their fiefdom. The BJP is equally guilty as the Congress, if not more so (as they are now in power) for corruption and crony capitalism, much as they keep denying it! For ease of business, checks and balances are removed. The government holds a majority stake in PSBs and they are jeopardising our hard earned money saved and wasting the readily available tax payer’s resources.
There is one set of rules for politicians and moneybags and another for the citizen. What is worse is the government keeps playing the same boring record blaming/denigrating the Congress for everything and praises itself for taking late action!
Today the Indian judiciary is our last hope and the government seems to be attacking this last bastion, with the great communicator Prime Minister Modi leading the charge. There is no one in the BJP or RSS to challenge him now and his verbosity on school children’s exams and what would have happened if Vallabhai Patel was PM instead of Nehru etc instead of speaking about the huge scams/ bank’s NPAs, farmers agitation, job creation, Hinddutva and saffronization scaring the minorities, polarisation and vote bank politics and many other serious problems eating our country’s vitals is unacceptable!
John Eric Gomes, Porvorim
