Proposal on billionaires' loans ignored

Aam Aadmi Party (AAP) convener Arvind Kejriwal on Saturday said that the Centre failed to take his suggestion for the Union Budget - that no billionaire's loan be waived off - into account, saying that the money saved from this could have given relief to the middle class.

- Alok KN Mishra

NEW DELHI:

In a post on X, Kejriwal alleged that a large portion of the nation's treasury is spent on waiving off the loans of "billionaire industrialists".

"I had demanded that the budget announce that no billionaire's loans will be waived in the future. The money saved from this should be used to provide relief on middle-class households and vehicle loans and waive off farmers' debts. Income tax and GST rates should be halved. I am saddened that this was not done," he posted.

Kejriwal also accused the Bharatiya Janata Party (BJP) of "backing goons", hours after the party's candidate in Rithala was allegedly assaulted.