Govt has not written off corporate loans

Govt has not written off corporate loans

Finance Minister Arun Jaitley on Friday asserted that not even a single rupee of the loans taken by companies has been written off by the government and asked the Opposition to first get the facts before talking about it. He told the Lok Sabha that writing off a loan was a commercial decision of banks and added that there has been no scheme of farm loan waiver by the Centre since 2014.

The Business Standard, New Delhi, 12th August 2017

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