Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | &#039;Farm loan waivers against economic principles&#039;    </title>
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-PTI

About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh

Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.

Yokoyama also..."/>
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-PTI

About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh

Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.

Yokoyama also..." />
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                            <div align="justify">-PTI<br /><br /><em>About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh<br /></em><br />Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.<br /><br />Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages.<br /><br />On farm loan waiver, he said most of the people are sceptical about it as an economic principle and has moral hazards.<br /><br />&ldquo;There is a need to address agriculture sector distress but economic principle wise, farm loan waiver is not an effective means to address farm distress,&rdquo; he said.<br /><br />Earlier this week, Reserve Bank of India (RBI) Governor Shaktikanta Das said any generalised farm loan waiver adversely impacts the credit culture and the behaviour of borrowers, amid various states announcing waivers. He said loan waiver is related to the fiscal space that a particular state government has.<br /><br />About ?1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh, which announced waivers recently.<br /><br />Appreciating the fact that India has a platform to provide Direct Benefit Transfer (DBT) through Aadhaar, Yokoyama said analysis has to be done on how government can launch Universal Basic Income (UBI) scheme in the most efficient way.<br /><br />Asked if there was a stress on fiscal deficit, Yokoyama said ADB has no doubt about the government meeting the target.<br /><br />&ldquo;I think a clear framework is there and mandate given under the Fiscal Responsibility and Budget Management Act. We don&rsquo;t have any doubt over it,&rdquo; he said.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece" title="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece">click here</a> to access.<br /><br /></div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece" class="re" target="_blank">The Hindu Business Line, 11 January, 2019, https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece</a><div class="clear"></div>
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-PTI

About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh

Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.

Yokoyama also..."/>
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-PTI

About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh

Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.

Yokoyama also..." />
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    <h1 class="cat-box-title">&#039;Farm loan waivers against economic principles&#039;</h1>
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                            <div align="justify">-PTI<br /><br /><em>About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh<br /></em><br />Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.<br /><br />Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages.<br /><br />On farm loan waiver, he said most of the people are sceptical about it as an economic principle and has moral hazards.<br /><br />&ldquo;There is a need to address agriculture sector distress but economic principle wise, farm loan waiver is not an effective means to address farm distress,&rdquo; he said.<br /><br />Earlier this week, Reserve Bank of India (RBI) Governor Shaktikanta Das said any generalised farm loan waiver adversely impacts the credit culture and the behaviour of borrowers, amid various states announcing waivers. He said loan waiver is related to the fiscal space that a particular state government has.<br /><br />About ?1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh, which announced waivers recently.<br /><br />Appreciating the fact that India has a platform to provide Direct Benefit Transfer (DBT) through Aadhaar, Yokoyama said analysis has to be done on how government can launch Universal Basic Income (UBI) scheme in the most efficient way.<br /><br />Asked if there was a stress on fiscal deficit, Yokoyama said ADB has no doubt about the government meeting the target.<br /><br />&ldquo;I think a clear framework is there and mandate given under the Fiscal Responsibility and Budget Management Act. We don&rsquo;t have any doubt over it,&rdquo; he said.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece" title="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece">click here</a> to access.<br /><br /></div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece" class="re" target="_blank">The Hindu Business Line, 11 January, 2019, https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece</a><div class="clear"></div>
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-PTI

About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh

Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.

Yokoyama also..."/>
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-PTI

About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh

Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.

Yokoyama also..." />
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    <h1 class="cat-box-title">&#039;Farm loan waivers against economic principles&#039;</h1>
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                            <div align="justify">-PTI<br /><br /><em>About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh<br /></em><br />Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress.<br /><br />Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages.<br /><br />On farm loan waiver, he said most of the people are sceptical about it as an economic principle and has moral hazards.<br /><br />&ldquo;There is a need to address agriculture sector distress but economic principle wise, farm loan waiver is not an effective means to address farm distress,&rdquo; he said.<br /><br />Earlier this week, Reserve Bank of India (RBI) Governor Shaktikanta Das said any generalised farm loan waiver adversely impacts the credit culture and the behaviour of borrowers, amid various states announcing waivers. He said loan waiver is related to the fiscal space that a particular state government has.<br /><br />About ?1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh, which announced waivers recently.<br /><br />Appreciating the fact that India has a platform to provide Direct Benefit Transfer (DBT) through Aadhaar, Yokoyama said analysis has to be done on how government can launch Universal Basic Income (UBI) scheme in the most efficient way.<br /><br />Asked if there was a stress on fiscal deficit, Yokoyama said ADB has no doubt about the government meeting the target.<br /><br />&ldquo;I think a clear framework is there and mandate given under the Fiscal Responsibility and Budget Management Act. We don&rsquo;t have any doubt over it,&rdquo; he said.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece" title="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece">click here</a> to access.<br /><br /></div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece" class="re" target="_blank">The Hindu Business Line, 11 January, 2019, https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece</a><div class="clear"></div>
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'Farm loan waivers against economic principles'

Published on Jan 12, 2019   Modified on Jan 12, 2019

-PTI About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress. Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages. On farm loan waiver, he said most of the people are sceptical about it as an economic principle and has moral hazards. “There is a need to address agriculture sector distress but economic principle wise, farm loan waiver is not an effective means to address farm distress,” he said. Earlier this week, Reserve Bank of India (RBI) Governor Shaktikanta Das said any generalised farm loan waiver adversely impacts the credit culture and the behaviour of borrowers, amid various states announcing waivers. He said loan waiver is related to the fiscal space that a particular state government has. About ?1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh, which announced waivers recently. Appreciating the fact that India has a platform to provide Direct Benefit Transfer (DBT) through Aadhaar, Yokoyama said analysis has to be done on how government can launch Universal Basic Income (UBI) scheme in the most efficient way. Asked if there was a stress on fiscal deficit, Yokoyama said ADB has no doubt about the government meeting the target. “I think a clear framework is there and mandate given under the Fiscal Responsibility and Budget Management Act. We don’t have any doubt over it,” he said. Please click here to access.

The Hindu Business Line, 11 January, 2019, https://www.thehindubusinessline.com/economy/agri-business/farm-loan-waivers-against-economic-principles/article25971409.ece

Tagged with: Direct Benefit Transfer (DBT) Direct Cash Transfers Debt Relief debt waiver scheme Loan Waiver Farm Loan Waiver

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