Union Budget 2025 | 'Disappointed that proposal to end billionaire loan waiver ignored,' says Arvind Kejriwal

New Delhi: AAP national convener Arvind Kejriwal on Saturday said he was disappointed that his suggestion to end loan waiver for billionaires and spend the saved money on the middle class and farmers was not met in the Union budget 2025-26.

Kejriwal in a post on X said a large portion of the public exchequer is spent on these waivers.

"I am disappointed this was not done," he said in the post.

Presenting her eighth straight Budget in the Lok Sabha, Union Finance Minister Nirmala Sitharaman laid out a blueprint for "next-generation" reforms, including raising the FDI limit in the insurance sector and simplification of tax laws.

In a relief to the middle class, Sitharaman exempted annual income of up to Rs 12 lakh from income tax and rejigged tax slabs as part of her Budget.

Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.