Writing off bank loans is an example of freebie culture and not providing food to the economically weaker sections, the Congress said on August 12 to target Prime Minister Narendra Modi over his remarks on ending freebie culture.
Why were bank loans worth ₹5.8 lakh crore written off and why was corporate tax worth ₹1.45 lakh crore reduced, asked Congress spokesperson Gourav Vallabh at a press conference.
Explaining the figure of ₹5.8 lakh crore, Mr. Vallabh said loans worth ₹9.92 lakh crore were written off by banks in the last five years and of this, ₹7.27 lakh crore is the share of public sector banks.
