Aam Aadmi Party (AAP) national convener and former Delhi Chief Minister Arvind Kejriwal on Saturday said that he was disappointed that his suggestion to end loan waivers for billionaires and spend the saved money on the middle class and farmers was not met in the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman.
The former Delhi Chief Minister said that a large portion of the public exchequer is spent on these waivers. “Income Tax and GST rates should be halved. I am sad this was not done,” Kejriwal said in a post on X.
“A large part of the country’s treasury is spent on waiving off the loans of a few rich billionaires. I had demanded that it be announced in the Budget that from now on, the loans of any billionaire will not be waived off. Middle-class home loans and vehicle loans should be waived off; farmers’ loans should be waived off,” his post read.
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.
Top News
PM Modi hails Union Budget as ‘force multiplier’, says ‘it will fulfill dreams of people’
The Weeknd finally releases new album ‘Hurry Up Tomorrow’, announces North America stadium tour
Delhi thump Railways by an innings and 19 runs on Virat Kohli’s Ranji Trophy comeback
Latest News
Budget 2025: Income Tax and GST rates should be halved, says ‘disappointed’ Arvind Kejriwal
Budget 2025: Green stocks gain as Budget focuses on clean tech manufacturing
Budget 2025: Khelo India gets biggest share as government raises sports budget by over Rs 350 crore
The Weeknd finally releases new album ‘Hurry Up Tomorrow’, announces North America stadium tour
© 2009-2025 Independent News Service. All rights reserved.
Budget 2025: Nirmala Sitharaman to Present New Income Tax Bill, Says It Will Be Clear and Direct
Budget 2025 : Big relief for middle class, new tax slab announced…
Budget 2025: Big Win for Middle Class as Sitharaman Announces No Income Tax Till Rs 12 Lakh
Budget 2025: India to Allow 100 per cent FDI in Insurance Sector with New Guidelines
Union Budget 2025: 8 years…what do these 8 pictures of Nirmala Sitharaman say?
Sonia Gandhi has utmost respect for President: Priyanka Gandhi defends her mother | Video
Sonia Gandhi remark row: ‘Comments hurt the dignity of the high office,’ says Rashtrapati Bhavan
BJP alleges Sonia Gandhi insulted President Murmu with ‘poor thing’ remark, demands apology
Kerala: Bangladeshi nationals, working in guise of migrant workers from West Bengal, nabbed in Kochi
PM Modi hails President Murmu’s address as a ‘resonant outline’ for Viksit Bharat
Foreign delegates from 77 countries to visit Mahakumbh today, UP CM conducts aerial survey of mela
Is it DeepSeek vs ChatGPT? US Congressional houses issue warnings against Chinese AI chatbot: Report
Rishi Sunak, former British PM, attends Jaipur Literature Festival with father-in-law Narayan Murthy
Medical plane with six on board crashes in US’ Philadelphia, multiple deaths feared
MEA slams UK report listing Hindu nationalism as extremist ideology: ‘Should not be falsely equated’
The Weeknd finally releases new album ‘Hurry Up Tomorrow’, announces North America stadium tour
Karan Johar launches Ibrahim Ali Khan with a Netflix film alongside Khushi Kapoor
Deva box office report: Shahid Kapoor-starrer gets slower opening than Sky Force, earns just Rs 5 cr
Aashram Season 3 Part 2: Bobby Deol returns as menacing Baba Nirala
Mere Husband Ki Biwi: Arjun Kapoor, Rakul Preet Singh’s first look poster unveiled | See here
Delhi thump Railways by an innings and 19 runs on Virat Kohli’s Ranji Trophy comeback
Fans breach security to meet Virat Kohli at Arun Jaitley Stadium: WATCH
Nathan Lyon becomes first spinner to name major Test record
What are concussion rules in cricket? How was Harshit Rana allowed as replacement for Shivam Dube?
Aakash Chopra questions India’s tactics despite win over England in 4th T20I
Budget 2025: How to download Budget’s PDF and other documents? Check here
Budget 2025: Smartphones and Smart LED TVs to get cheaper in India
Budget 2025: India allocates Rs 500 crore for AI Centres in Union Budget: Nirmala Sitharaman
WhatsApp calls can be recorded: Here’s how to do it
BSNL’s Rs 99 plan challenges Airtel and Vi, offers unlimited voice calling
Budget Session 2025: How key economic bills will shape India’s fiscal landscape? Full details
What is the ‘Beating Retreat’ ceremony and what’s its significance in Republic Day celebrations?
ISRO’s 100th mission: How will NVS-02 satellite boost India’s GPS alternative? Explained
Meet Liang Wenfeng, the Chinese entrepreneur behind DeepSeek, the AI App challenging ChatGPT
Himachal scholarship scam: How officials embezzled Rs 250 crore meant for students | Explained
Budget 2025: Top 50 tourist destinations in the country to be developed, says Sitharaman
Budget 2025: Nirmala Sitharaman dons a saree with Madhubani art as tribute to Dulari Devi
Brain health: 5 morning habits that help to boost brain power
Basant Panchami 2025: Offer delicious Malpua to Goddess Saraswati on the auspicious day, know recipe
Yoga for high BP: 6 yoga poses that can help manage high blood pressure levels
Budget 2025: Sitharaman boosts MSMEs with enhanced credit cover, check key announcements
Budget 2025: From Polavaram Irrigation Project to water, railways, here’s what announced for Andhra
Budget 2025: How much benefit will you get due to new Income Tax slabs? Explained
Full text of Union Budget 2025 speech: Key announcements, policy changes, and other details inside
Finance Minister Nirmala Sitharaman delivers one of the shortest Budget speeches in history
Children, teens under-represented in drug-resistant tuberculosis cases; finds studies
Govt to set up daycare cancer centres in all district hospitals over next 3 years: Sitharaman
Budget 2025: 36 life-saving drugs for cancer, chronic diseases exempted from basic customs duty
PM Modi’s message to combat obesity gains traction; know how you can prevent obesity
Seasonal skin allergies: Know why pollens cause skin irritation in some people