4 min read.Updated: 16 Aug 2022, 10:35 PM ISTBhagwat Karad
A loan taken off a bank’s books does not mean that the lender abandons its pursuit of repayment
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Peaceful transfers of power are a feature of our democracy. But it’s not just power that newly-elected administrations inherit. They are often saddled with the implications of actions taken by those in power before. The Narendra Modi administration was just 7 Lok Sabha sittings young when the House roared with the opposition’s demand for answers to a “loan waive off" worth ₹7,000 crore. Communist Party of India (Marxist) chief Sitaram Yechury led the uproar by referring to a news report that blamed the government for allegedly going easy on elite borrowers.
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