Take tuition from Chidambaram to understand ‘writing off’ loans is not ‘waiving off’: BJP tells Rahul Gandhi

Apr 29, 2020

New Delhi, Apr 29 (ANI): Union Minister for Information and Broadcasting, Prakash Javadekar, suggested Congress leader Rahul Gandhi to take tuition from P Chidambaram to understand the difference between writing off and waiving off loans after the former Congress chief accused the BJP government of waiving off loans worth Rs 65,000 crore. “I was taken aback by Rahul Gandhi's comment that Modi govt has waived off Rs 65,000 Crore. Not a single penny has been waived off. Writing off isn't waiving off. Rahul Gandhi must take tuition from Chidambaram to understand difference between writing off and waiving off. Writing off is process to show depositors correct pictures of bank. It doesn't stop banks from taking actions and pursuing recovery. We've seen how Nirav Modi's assets are seized and auctioned. Mallya left with no choice but to come back as his appeal in HC has been rejected,” said Javadekar on Rahul Gandhi’s comment.