AAP Vs BJP | Arvind Kejriwal's Fresh Attack On The Centre Over 'Freebies' | Latest News | News18
Freebies and loan waivers are announced by political parties for electoral gains. Loan waivers lead to moral hazard and undermine the credit culture. It leads to situations where borrowers might feel that they could get away without repaying their loans and result in an increase in non-performing assets in the banking system. They also are fiscally irresponsible for the most part since they constrain government spending in productive areas such as building infrastructure.
#FreebieDebate #AAP #BJP #ArvindKejriwal
