Did PM Modi Criticize Congress & TMC While Highlighting Low NPAs and Record Profits?
Synopsis
In a powerful address, PM Modi defended his government's financial reforms while chastising the Congress and TMC. With NPAs now below 1% and PSUs enjoying record profits, he emphasized the importance of a robust banking system for economic growth. His remarks shed light on the contrasting governance approaches, fueling a debate on accountability and progress.
Key Takeaways
NPAs now below 1% due to government reforms.
PSUs reaching record profits and aiding economic initiatives.
Critique of the Opposition for misinformation.
Concerns about illegal immigrants affecting jobs and safety.
Shift towards consistent governance for future readiness.
New Delhi, Feb 5 (NationPress) In a statement delivered during the Motion of Thanks in the Rajya Sabha on Thursday, Prime Minister Narendra Modi staunchly defended his administration's banking and public sector reforms while launching a fierce critique against the Opposition, particularly the Congress and Trinamool Congress, amid ongoing disruptions during the Budget Session.
Highlighting notable accomplishments in the banking sector, PM Modi remarked that non-performing assets (NPAs) have been driven down to below one percent thanks to a series of reforms, asserting that a resilient banking system is vital for a thriving economy.
He contrasted this progress with the performance of previous administrations, claiming that public sector undertakings (PSUs) have reached unprecedented profit levels and are acting as catalysts for the 'Make-in-India' initiative, fostering job creation and expanding internationally.
He accused the Opposition of disseminating false information regarding PSUs, comparing them to urban Naxals trying to incite disturbances at factory gates.
Expressing disappointment over the quality of debates within the House, PM Modi mentioned that although he listened to various speeches, he felt the discourse could have been more elevated.
Specifically targeting the Trinamool Congress, he pointed out the deteriorating law and order situation in West Bengal, questioning the credibility of its MPs in Parliament.
He criticized their approach to illegal immigrants, referred to as 'ghuspetiye', stating that even developed nations are taking steps to deport such individuals, yet certain 'parties' in India are offering them protection.
PM Modi warned that illegal immigrants are not only taking jobs from the youth but also encroaching on Adivasi lands, escalating violence, and threatening women's safety.
He noted a significant shift in the perception of the term 'deal', which now signifies positive trade agreements, contrasting it with past scandals like the 'Bofors deal', which were associated with personal gain.
Expressing gratitude to the Indian populace for the opportunity to serve, PM Modi mentioned that a considerable amount of his government's efforts has been dedicated to rectifying the errors made during the Congress era.
He underscored a transition towards future-oriented policies, moving away from ad-hoc measures to consistent, structured governance that has garnered international trust.
"With the mantra of 'reform-transform-perform', India is firmly on the 'reform express', with structural and policy changes adding value across sectors, positioning the country to compete globally in every aspect," PM Modi stated.
Point of View
It is imperative to note that PM Modi's remarks reflect a significant shift in India's economic narrative. While he asserts progress in reducing NPAs and enhancing PSU performance, the ongoing political confrontation raises questions about the integrity and accountability of all parties involved. The focus should be on constructive dialogue and solutions for the nation's challenges.
NationPress
7 May 2026
Frequently Asked Questions
What did PM Modi say about NPAs?
PM Modi stated that non-performing assets (NPAs) have been reduced to below one percent due to his government's reforms.
How did Modi respond to the Opposition?
He launched a scathing attack on the Congress and TMC, accusing them of spreading misinformation about public sector undertakings.
What are PSUs and why are they important?
Public Sector Undertakings (PSUs) are government-owned corporations that have reached record profits and are essential for job creation and economic growth.
What was Modi's stance on illegal immigrants?
He criticized the protection of illegal immigrants by some parties, stating that they are stealing jobs and threatening safety.
What was the key message of Modi's address?
PM Modi emphasized a shift towards structured governance, focusing on reforms to prepare India for global competition.
