Loan Waiver and Loan Write Off : Two different concepts, but portrayed as 'One' by Media. : Adv. Rohit Erande.
Loan Waiver and Loan Write Off : Two different concepts, but portrayed as 'One' by Media. Adv. Rohit Erande. Hon. Supreme Court while coming heavily on fake news relating to Corona, observed "In Particular, we expect the Media (print, electronic & social) to maintain a strong sense of responsibility and ensure that unverified news capable of causing panic is not disseminated....." But just after 30 days from the above order, the media in its 'Sabse Tej' manner published the news in such a fashion that as "RBI has waived off loans worth Rs.68,000/- Crores !!". As expected it has stirred up the hornet's nest. Political accusations from both the sides are on. Something different than Corona News ? The number no doubt is such big that perhaps only a super computer can calculate. But was it Waiver or Write Off ? and the answer is "write-off". Let's see the difference in nutshell. 1. Loan Write Of