Delhi Assembly Elections 2025: Kejriwal writes to Modi for law banning loan waivers for corporates

New Delhi: Ahead of the Delhi Assembly elections, AAP supremo Arvind Kejriwal has written to Prime Minister Narendra Modi, demanding a nationwide law to prohibit the waiver of loans given to billionaires.

Addressing a press conference on Tuesday, Kejriwal criticised the central government, alleging favouritism toward the wealthy by writing off corporate loans worth thousands of crores. He claimed such practices burden ordinary citizens with excessive taxes while benefitting the rich.

"Common people are paying half their salaries in taxes, while the loans of the rich are being waived. Why doesn't the central government waive home loans, car loans, or other financial burdens of ordinary citizens?" Kejriwal asked.

He asserted that stopping loan waivers for billionaires could allow the government to halve income tax and GST rates, double the taxable income limit, and eliminate GST on essential commodities.

"This is a massive scandal, and it's time to put an end to it," he said.

Delhi Assembly elections are scheduled for February 5 and the result will be announced on February 8.

Kejriwal is seeking a third consecutive term, following AAP's landslide victory in 2020 when it won 62 out of 70 seats.

Delhi Assembly Election 2025 | The first of two state assembly polls this year sees a three-way contest between AAP, Congress, and BJP in the nation's capital. AAP decided to contest the polls alone, causing rumours of a rift in I.N.D.I.A. BJP, meanwhile, is hoping the liquor excise policy scam and pollution in Delhi will give the saffron party an edge over AAP. Kejriwal, on the other hand, has different plans with his demand for reservations for Delhi Jats. Congress will also be looking to make its presence felt and has not held back from attacking its own alliance partner. Check live updates and track the latest coverage, live news, in-depth opinions, and analyses only on Deccan Herald.

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