This Article is From Aug 27, 2020

No Loan Interest Waiver For Middle Class, Rahul Gandhi Slams "Suit Boot Ki Sarkar"

In a tweet, Rahul Gandhi said, "1450000000000 tax cut benefit given to big businesses. But no interest waiver on loans for middle class" and dubbed the government of being a "suit boot ki Sarkar".

No Loan Interest Waiver For Middle Class, Rahul Gandhi Slams 'Suit Boot Ki Sarkar'

Rahul Gandhi today attacked the government over interest on deferred loan payments (File)

New Delhi:

Congress leader Rahul Gandhi today attacked the government over interest on deferred loan payments and asked why it gave tax benefits of Rs 1.45 lakh crore to businesses but did not waive interest on loans for the middle class.

In a tweet, he said, "1450000000000 tax cut benefit given to big businesses. But no interest waiver on loans for middle class" and dubbed the government of being a "suit boot ki Sarkar".

He also tagged a news report stating that the Supreme Court slammed the Centre and asked it to clarify its stand on charging of interest on deferred loan payments.

The Supreme Court on Wednesday said the Centre is "hiding behind the RBI" and asked it to reply within a week on the issue of interest being charged on installments which have been deferred under the central bank's scheme during the moratorium period amid COVID-19 lockdown.

The court had earlier asked the Centre and the Reserve Bank of India (RBI) to review the move to charge interest on EMIs during the moratorium period introduced under the scheme due to the COVID-19 pandemic.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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