Bank loans

From waiver to cancellation of bank loans, AAP’s tone has changed but the lies continue: Newsdrum

New Delhi: Under attack from economists and the government for constantly spreading lies about waiving bank loans, the Aam Aadmi party on Saturday changed the use of the word waiver to waiving bank loans without changing the goal post . The party continued its lies around Prime Minister Narendra Modi for the benefit of his friends by giving up their bank loans. For the Aam Aadmi party, its leaders and supporters, the waiver and cancellation of bank loans are the same.

Delhi Deputy Chief Minister Manish Sisodia claimed on Saturday that Prime Minister Narendra Modi’s ‘dostvaad’ had ‘completely ruined’ the country’s economy and asked him to answer why his ‘friends’ got exemptions taxes and their loans worth millions have been cancelled.

Aam Aadmi party leader and Delhi chief minister Arvind Kejriwal has been accused of deliberately spreading lies to mislead his followers that bank loans worth Rs 10 lakh crore were cancelled. While Rs 10 lakh crore loans have been written off by banks which is completely different from waiver.

When a loan is written off by a bank, it is supposed to be recovered from the debtor and the banks have recovered bad debts worth Rs 6.4 lakh crore.

In a press conference, he alleged that the Center had canceled loans worth Rs 10 lakh crore and granted tax exemption of Rs 5 lakh crore to Modi’s ‘friends’, pushing the country’s economy in such a “bad state” that he has to say that nothing can now be provided to people for free.

“Prime Minister Narendra Modi’s ‘dostvaad’ has completely ruined the country’s economy,” Sisodia told reporters.

When questions arise, the BJP-led government in the Center and ruling party leaders start “talking here and there”, he alleged.

“So, I once again call upon the Prime Minister to answer why he canceled his friends’ loans worth Rs 10 lakh crore and exempted their tax to the tune of Rs 5 lakh crore to benefit them and put the economy of the country in such a bad state that you have to say the country will be ruined if something is given to people for free now,” the head of the AAP said.

“Answer this question instead of talking here and there which you keep doing all the time,” he added.

Prime Minister Narendra Modi’s remarks on ‘revdi’ culture last month sparked a debate over freebies in the country and subsequently a political tussle broke out between the BJP and the AAP over the issue.

He used ‘revdis’, a popular North Indian sweet often handed out during festivals, as a metaphor for gifts pledged by various parties to seize power and said people, especially young people, should s protect it.

On Saturday, Sisodia said it was the first time in 75 years that the Union government had to “tax” food products like milk, curds, wheat and rice.

“The central government says it has no money to build schools, hospitals, pay pensions and set up programs to help the country’s poor,” he said.

The Center lacks funds to support such measures as it has used taxpayers’ money to fill Prime Minister Modi’s “friends coffers”, Sisodia claimed.