The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Politics

AICC spokesman Vallabh blames Govt for collapse of economy

by Joseph Rao October 7, 2019October 7, 2019
written by Joseph Rao October 7, 2019October 7, 2019
AICC Spokesman Vallabh Blames Govt for Collapse of Economy

The Modi government was fully responsible for the economic slowdown and was not initiating any corrective measures and was only taking steps on suppl;y side which indicates it was heading for a total failure on economic front and the Finance Minister was a big failure itself, asserted All India Congress Committee (AICC) spokesman Gaurav Vallabh.

The government at the outset should admit the problems and the country is facing as hundreds of companies are facing shutdown, youths are losing existing job and unemployed educated youths are not getting employment opportunities after the farmers now top executives of the corporate world are committing suicides, Vallabh told a press conference, here today.

Vallabh said every seven out of ten youths in the age category of 20 to 24 who are fresh graduate does not find a suitable and thus there is about one crore graduate produced every year. On the skill development front, only 12 percent of them got placement and added the Banking sector was facing the worst of a situation with a rise in NPA.

The Mudra Bank was also a big failure and the loans were not recoverable leading to mounting of NPAs. Coming to Maharashtra Government policies and economic situations, Vallabh said the Punjab Maharashtra Bank (PMC) was the brainchild of people associated with BJP. Without hesitating, Vallabh said Rajneet Singh who is a son of BJP MLA Tara Singh was deeply involved in the irregularities.

The younger Singh is associated with construction firm HDIL which owns aircraft and Yatch for the company directors to travel at the cost of money deposited by the poor people.

There are smaller co-operative Banks and co-operative Societies which had deposits in  PMC have also virtually on the collapse, Vallabh added.

Check out the latest Nagpur political news headlines and live updates. Stay connected with Nagpur’s very own 24*7 online news portal, THE LIVE NAGPUR.

city newslive nagpurnagpurnagpur newsnagpur political news
0 comment
FacebookTwitterLinkedin
Joseph Rao

previous post
‘English Vinglish’ star Adil Hussain joins ‘Star Trek: Discovery’ cast
next post
Thousands of people reach Nagpur to embrace Buddhism

You may also like

Frantic efforts by Shiv Sena to prevent fraction

June 23, 2022

Ready to resign if any worker tell me...

June 22, 2022

CM Thackeray may resign today

June 22, 2022

Maharashtra Political crisis: Shinde, 40 other MLA’s to...

June 22, 2022

MVA govt facing threat of collapse

June 21, 2022

Shiv Sena rebel Eknath Shinde wants govt with...

June 21, 2022

Eknath Shinde, 10 other Shiv Sena MLA’s missing?

June 21, 2022

BJP’s game again likely to pay dividends, Mah...

June 21, 2022

Deshmukh, Malik denied bail by SC

June 20, 2022

‘Winning five seats was tough, not impossible’ Devendra...

June 19, 2022

Trending News

  • Huge jump: India’s daily COVID reports 17,336 cases in last 24 hours

    June 24, 2022
  • 70 rooms, 7 days, Rs 1 crore 12 lakh, Guwahati and Maharashtra political crisis

    June 24, 2022
  • India recorded 13,313 new COVID-19 cases in the last 24 hours

    June 23, 2022
  • CM Thackeray leaving official residence

    June 22, 2022
  • Once again hike in COVID cases, India detects 12,249 positive in last 24 hours

    June 22, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

October 2019
M T W T F S S
« Sep   Nov »
 123456
78910111213
14151617181920
21222324252627
28293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.