While world is praising the demonetization move by PM Narendra Modi a lot seems to be happening on the other side. The citizen have open heartedly praised Modi and his resilience to fight corruption.
A few went on to say that if this had to be done it would be possible only by Modi. Demonetization is by far the most historical decision in the economy of this nation. With a lot of positivity around the decision of demonetization opposition of the country seems to be loosing their race to stay in the political fight with BJP lead by Modi and they are out in streets protesting and protecting the corrupt.
While the political party is busy with their street shows their loyal journalist seems to have found a different way to confuse and project a different image of demonetization. So they resorted to picking up a story, twisting the facts as per their convenience and publishing publish the story all over to create a panic.
We at Satyavijayi have exposed such journalist and media house in the past and we continue to do so. Here is how it all happened It started with this story in DNA, titled: “SBI writes off loans of 63 wilful defaulters”.
The content on the report is however off the mark and clearly shows the desperate attempt by the journalist to defame Modi and create confusion among the people. India’s largest public sector bank has dropped more than Rs 7,000 crore, more than 80 per cent of the amount owed to it by its top 100 defaulters, into the Advance Under Collection Account (AUCA) bin for toxic loans. With efforts to recover its dues hitting a virtual dead-end, the State Bank of India (SBI) seems to be have started a clean-up of its balance sheets by writing off loans worth about Rs 7,016 crore owed to it by more than 60 of its top 100 wilful defaulters.
Towards the report did mention the real nature of AUCA accounts and write offs, not many seems to have noticed this. And based on the headline and the initial misleading part, the outrage industry started, led by journalists: