Prime Minister Narendra Modi slammed the United Progressive Alliance (UPA) regime on Wednesday for leaving behind a messed-up banking sector as well as hapless homebuyers, while asserting that the current National Democratic Alliance (NDA) government was replacing old and archaic policies with new frameworks to generate employment and help small and medium businesses compete globally. He also reiterated that his government had carried out 87 major reforms across 21 sectors, including defence, construction, food processing and financial services. Stating that public was being misinformed about the Financial Resolution and Deposit Insurance (FRDI) Bill, the PM asked for the chamber’s support to counter the “rumours” about safety of the deposits. He also sought the business community’s support to replace imports with domestic production. “My government is making new policies. Old laws are being scrapped and we are framing new ones. We have already come out with new policies in urea, textiles, aviation, transport integration, health,” he said. He said the new textile policy would generate 10 million jobs, while the urea policy had resulted in 1.8-2.8 million tonnes of its production without adding any new plant.