The Indian Government has said that it has not waived even a single paisa of any industrialist and Rahul Gandhi is levelling false allegations in this regard.
Commenting on the issue, Union Finance Minister Arun Jaitley told the media, "Rahul Gandhi, in his rallies, has been alleging that the Central government has waived over Rs one lakh crore loan of 50 top industrial houses in the country, but his statement is totally wrong."
"The Narendra Modi government has not waived even a single paisa of any industrialist till now... Rahul might not be having full information. Actually, he is levelling false allegations against the previous UPA government as most of the non-performing assets today belong to those who had been given loans by the Congress-led government," he added.
On the SP-led Uttar Pradesh government's allegation of lack of enough Central help he said, "Under the constitutional provisions, the Centre cannot cut even a single rupee in allocation to the state... 42 per cent of the revenue collected by the Central government belongs to the state and there is no scope of cutting even a single rupee."