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… (Interruptions)

SHRI C.K. CHANDRAPPAN : Sir, I will address the Chair. 

            Now, I would like to say something regarding the resources.   Now, they are thinking of cutting the subsidy on food.  Is it that a sum of Rs. 4,000 crore a big amount that they cannot afford to spend? Yesterday also when the hon. Minister of Agriculture was answering the question, he said:  “Wait for the special discussion with West Bengal, Kerala and Orissa.  After that discussion, may be the damocle’s sword will fall on our head”.  But are we really so poor that we cannot afford this?  In this country, the experts are of the opinion that a minimum of 30 per cent of the GDP and some people say 51 per cent of the GDP constitutes the parallel economy which is known as black money.  Does the hon. President know about it?  I think, the hon. President knows about it.  Not a single word is said about it.  There should have been a definite mention of it and then he would have said that my Government would take drastic measures so that this money would be unearthed.  Then, we could have done all these poverty alleviation programmes without any difficulty. … (Interruptions)

MR. CHAIRMAN: Shri Chandrappan, please do not listen to others.   Otherwise, you will not be able to conclude.

… (Interruptions)

 

SHRI C.K. CHANDRAPPAN : About unearthing of the black money, I say that the Government should take a firmer stand.  They should bring a legislation, if necessary.  They can declare demonetisation.  Many methods are being adopted by various countries.  But here we are sitting quiet.  The parallel economy is growing.  That is one thing.

            Secondly, I would like to say something about the Non-Performing Assets and their volume. We say that it is more than one lakh crore of rupees.  Once it is declared that it is a non-performing asset, those who have to pay to the banks, they can sit quiet because no action will be taken against them.  Only you will negotiate and 70 per cent of the interest is waived.  You are begging, still you deposit the money and they do not.  Now the point is, on the question of Non-Performing Assets, the Government, if necessary, can bring a legislation and ensure that this amount of more than one lakh crore of rupees is collected or a big portion of that is collected and that will be spent for finding solutions to problems like public health, public education and all that and to support the PDS[R47] .