Summary:
To help banks and stop recovery of corporate dues he has refinanced them by Rs 2.11 lakh crore rupees. But Finance Minister Arun Jaitely has allowed more than Rs 10 lac crores of corporate dues, including MNCs, to be put in NPA accounts which will not be recovered. After demonitisation, cashless transfers and GST this will be the fourth major attack on employment avenues in the state. He lambasted that since BJP has come to power farmer loans have increased 55% in 3 years from Rs 8.1 lac crores to 12.6 lac crores and peasant suicides have increased.BJP central government claims it has no money for loan waivers and they have given an affidavit in 2015 in the Supreme Court that 1.5 times MSP cannot be implemented. He has also foregone corporate taxes worth Rs 6.11 lac crores in 2015-16 to help the MNCs, the Corporates, Ambanis, Adanis, etc.Mital added that both the PM and UP Chief Minister are inviting foreign companies, particularly US giants to invest in agro processing, a sector which was reserved earlier for small scale employment in villages..