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: 73
 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
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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

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: 74
 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
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
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 88
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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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		&#039;title&#039; =&gt; &#039;Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha&#039;,
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-The Business Standard
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&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
--
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
DISSENTING VOICES...
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary
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&lt;div style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009
&lt;/div&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 7 June, 2014, http://www.business-standard.com/article/finance/banks-ask-fin-min-to-reject-ap-govts-farm-loan-waiver-proposal-114060600816_1.html&#039;,
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-The Business Standard


&amp;nbsp;


Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;p style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;--&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div style=&quot;text-align: justify&quot;&gt;DISSENTING VOICES...&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009&lt;/div&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&#039;,
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-The Business Standard
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
--
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
DISSENTING VOICES...
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009
&lt;/div&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 7 June, 2014, http://www.business-standard.com/article/finance/banks-ask-fin-min-to-reject-ap-govts-farm-loan-waiver-proposal-114060600816_1.html&#039;,
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-The Business Standard


&amp;nbsp;


Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;p style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;--&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div style=&quot;text-align: justify&quot;&gt;DISSENTING VOICES...&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009&lt;/div&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&#039;
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-The Business Standard


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Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad..."/>
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                <strong>Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha</strong></h1>
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                <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><p style="text-align: justify"><em>Say waiver will vitiate the loan recovery environment</em></p><p style="text-align: justify">Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.</p><p style="text-align: justify">Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.</p><p style="text-align: justify">Banks have taken up the issue with the financial services secretary. &quot;We've (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&quot; said a senior banker with direct knowledge of the matter. &quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&quot;</p><p style="text-align: justify">The problem for them is that Naidu's TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.</p><p style="text-align: justify">The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter's finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.</p><p style="text-align: justify">K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.</p><p style="text-align: justify">The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.</p><p style="text-align: justify">Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.</p><p style="text-align: justify">--</p><p>&nbsp;</p><div style="text-align: justify">DISSENTING VOICES...</div><div style="text-align: justify">TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver</div><div style="text-align: justify">The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed</div><div style="text-align: justify">Banks have taken up the issue with the financial services secretary</div><div style="text-align: justify">The state government has already met bankers to discuss the modalities</div><div style="text-align: justify">The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009</div><p>&nbsp;</p>               </font>
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-The Business Standard
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&amp;nbsp;
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&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.
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Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;
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The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.
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The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.
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The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
--
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
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&lt;div style=&quot;text-align: justify&quot;&gt;
DISSENTING VOICES...
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed
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&lt;div style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary
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&lt;div style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009
&lt;/div&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 7 June, 2014, http://www.business-standard.com/article/finance/banks-ask-fin-min-to-reject-ap-govts-farm-loan-waiver-proposal-114060600816_1.html&#039;,
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-The Business Standard


&amp;nbsp;


Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;p style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;--&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div style=&quot;text-align: justify&quot;&gt;DISSENTING VOICES...&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009&lt;/div&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha&#039;,
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-The Business Standard
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
--
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
DISSENTING VOICES...
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009
&lt;/div&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 7 June, 2014, http://www.business-standard.com/article/finance/banks-ask-fin-min-to-reject-ap-govts-farm-loan-waiver-proposal-114060600816_1.html&#039;,
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-The Business Standard


&amp;nbsp;


Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;p style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;--&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div style=&quot;text-align: justify&quot;&gt;DISSENTING VOICES...&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009&lt;/div&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&#039;
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-The Business Standard


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Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad..."/>
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                <strong>Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha</strong></h1>
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                <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><p style="text-align: justify"><em>Say waiver will vitiate the loan recovery environment</em></p><p style="text-align: justify">Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.</p><p style="text-align: justify">Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.</p><p style="text-align: justify">Banks have taken up the issue with the financial services secretary. &quot;We've (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&quot; said a senior banker with direct knowledge of the matter. &quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&quot;</p><p style="text-align: justify">The problem for them is that Naidu's TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.</p><p style="text-align: justify">The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter's finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.</p><p style="text-align: justify">K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.</p><p style="text-align: justify">The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.</p><p style="text-align: justify">Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.</p><p style="text-align: justify">--</p><p>&nbsp;</p><div style="text-align: justify">DISSENTING VOICES...</div><div style="text-align: justify">TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver</div><div style="text-align: justify">The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed</div><div style="text-align: justify">Banks have taken up the issue with the financial services secretary</div><div style="text-align: justify">The state government has already met bankers to discuss the modalities</div><div style="text-align: justify">The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009</div><p>&nbsp;</p>               </font>
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		&#039;title&#039; =&gt; &#039;Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
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-The Business Standard
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
--
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
DISSENTING VOICES...
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009
&lt;/div&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 7 June, 2014, http://www.business-standard.com/article/finance/banks-ask-fin-min-to-reject-ap-govts-farm-loan-waiver-proposal-114060600816_1.html&#039;,
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-The Business Standard


&amp;nbsp;


Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;p style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;--&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div style=&quot;text-align: justify&quot;&gt;DISSENTING VOICES...&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009&lt;/div&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&#039;,
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	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
-The Business Standard
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.
&lt;/p&gt;
&lt;p style=&quot;text-align: justify&quot;&gt;
--
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
DISSENTING VOICES...
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Banks have taken up the issue with the financial services secretary
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The state government has already met bankers to discuss the modalities
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009
&lt;/div&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 7 June, 2014, http://www.business-standard.com/article/finance/banks-ask-fin-min-to-reject-ap-govts-farm-loan-waiver-proposal-114060600816_1.html&#039;,
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-The Business Standard


&amp;nbsp;


Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;p style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Say waiver will vitiate the loan recovery environment&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary. &amp;quot;We&#039;ve (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&amp;quot; said a senior banker with direct knowledge of the matter. &amp;quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&amp;quot;&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The problem for them is that Naidu&#039;s TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter&#039;s finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.&lt;/p&gt;&lt;p style=&quot;text-align: justify&quot;&gt;--&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div style=&quot;text-align: justify&quot;&gt;DISSENTING VOICES...&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks have taken up the issue with the financial services secretary&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The state government has already met bankers to discuss the modalities&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009&lt;/div&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&#039;
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-The Business Standard


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Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad..."/>
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                <strong>Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha</strong></h1>
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                <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><p style="text-align: justify"><em>Say waiver will vitiate the loan recovery environment</em></p><p style="text-align: justify">Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.</p><p style="text-align: justify">Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.</p><p style="text-align: justify">Banks have taken up the issue with the financial services secretary. &quot;We've (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&quot; said a senior banker with direct knowledge of the matter. &quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&quot;</p><p style="text-align: justify">The problem for them is that Naidu's TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.</p><p style="text-align: justify">The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter's finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.</p><p style="text-align: justify">K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.</p><p style="text-align: justify">The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.</p><p style="text-align: justify">Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.</p><p style="text-align: justify">--</p><p>&nbsp;</p><div style="text-align: justify">DISSENTING VOICES...</div><div style="text-align: justify">TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver</div><div style="text-align: justify">The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed</div><div style="text-align: justify">Banks have taken up the issue with the financial services secretary</div><div style="text-align: justify">The state government has already met bankers to discuss the modalities</div><div style="text-align: justify">The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009</div><p>&nbsp;</p>               </font>
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-The Business Standard
</div>
<div style="text-align: justify">
&nbsp;
</div>
<p style="text-align: justify">
<em>Say waiver will vitiate the loan recovery environment</em>
</p>
<p style="text-align: justify">
Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.
</p>
<p style="text-align: justify">
Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.
</p>
<p style="text-align: justify">
Banks have taken up the issue with the financial services secretary. &quot;We've (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&quot; said a senior banker with direct knowledge of the matter. &quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&quot;
</p>
<p style="text-align: justify">
The problem for them is that Naidu's TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.
</p>
<p style="text-align: justify">
The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter's finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.
</p>
<p style="text-align: justify">
K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.
</p>
<p style="text-align: justify">
The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.
</p>
<p style="text-align: justify">
Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.
</p>
<p style="text-align: justify">
--
</p>
<p>
&nbsp;
</p>
<div style="text-align: justify">
DISSENTING VOICES...
</div>
<div style="text-align: justify">
TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver
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The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed
</div>
<div style="text-align: justify">
Banks have taken up the issue with the financial services secretary
</div>
<div style="text-align: justify">
The state government has already met bankers to discuss the modalities
</div>
<div style="text-align: justify">
The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009
</div>
<p>
&nbsp;
</p>',
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-The Business Standard


&nbsp;


Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad...',
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	'description' => '<div style="text-align: justify">
-The Business Standard
</div>
<div style="text-align: justify">
&nbsp;
</div>
<p style="text-align: justify">
<em>Say waiver will vitiate the loan recovery environment</em>
</p>
<p style="text-align: justify">
Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.
</p>
<p style="text-align: justify">
Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.
</p>
<p style="text-align: justify">
Banks have taken up the issue with the financial services secretary. &quot;We've (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&quot; said a senior banker with direct knowledge of the matter. &quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&quot;
</p>
<p style="text-align: justify">
The problem for them is that Naidu's TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.
</p>
<p style="text-align: justify">
The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter's finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.
</p>
<p style="text-align: justify">
K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.
</p>
<p style="text-align: justify">
The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.
</p>
<p style="text-align: justify">
Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.
</p>
<p style="text-align: justify">
--
</p>
<p>
&nbsp;
</p>
<div style="text-align: justify">
DISSENTING VOICES...
</div>
<div style="text-align: justify">
TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver
</div>
<div style="text-align: justify">
The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed
</div>
<div style="text-align: justify">
Banks have taken up the issue with the financial services secretary
</div>
<div style="text-align: justify">
The state government has already met bankers to discuss the modalities
</div>
<div style="text-align: justify">
The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009
</div>
<p>
&nbsp;
</p>',
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$metaTitle = 'LATEST NEWS UPDATES | Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha'
$metaKeywords = 'Debt Relief,debt waiver scheme,Loan Waiver,Farmers,farming,Agriculture,banking'
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-The Business Standard


&nbsp;


Say waiver will vitiate the loan recovery environment


Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad...'
$disp = '<div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><p style="text-align: justify"><em>Say waiver will vitiate the loan recovery environment</em></p><p style="text-align: justify">Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones.</p><p style="text-align: justify">Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed.</p><p style="text-align: justify">Banks have taken up the issue with the financial services secretary. &quot;We've (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment,&quot; said a senior banker with direct knowledge of the matter. &quot;We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers.&quot;</p><p style="text-align: justify">The problem for them is that Naidu's TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory.</p><p style="text-align: justify">The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter's finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status.</p><p style="text-align: justify">K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will  benefit 2.3 million farmers.</p><p style="text-align: justify">The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore.</p><p style="text-align: justify">Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time.</p><p style="text-align: justify">--</p><p>&nbsp;</p><div style="text-align: justify">DISSENTING VOICES...</div><div style="text-align: justify">TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver</div><div style="text-align: justify">The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed</div><div style="text-align: justify">Banks have taken up the issue with the financial services secretary</div><div style="text-align: justify">The state government has already met bankers to discuss the modalities</div><div style="text-align: justify">The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009</div><p>&nbsp;</p>'
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Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha

-The Business Standard   Say waiver will vitiate the loan recovery environment Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones. Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver. The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed. Banks have taken up the issue with the financial services secretary. "We've (also) told the banking secretary that such a measure at this point will vitiate the (loan) recovery environment," said a senior banker with direct knowledge of the matter. "We have said the proposed step should be properly examined. The Andhra government should look at alternative ways to support farmers." The problem for them is that Naidu's TDP is part of the ruling Bharatiya Janata Party-led National Democratic Alliance, which has formed a government at the Centre after a landslide victory. The state government has already met bankers to discuss the modalities. The banks also doubt the ability of the state government to waive such a big amount, as the latter's finances are not in good shape. Bankers have demanded reimbursement in cash as the first option. If that is not possible, to issue bonds having statutory liquidity ratio status. K Chandrasekhar Rao, chief minister of the new state of Telangana, has also planned a farm loan waiver scheme but of a lower magnitude. Telangana plans to waive farm loans availed after June 1 last year and up to Rs 1 lakh, and will not waive gold loans. The burden to the state government will be about Rs 12,000 crore and will benefit 2.3 million farmers. The Congress-led United Progressive Alliance which ruled the country from 2004 till the NDA victory, had announced a similar farm loan waiver scheme before the general elections of 2009, which saw the UPA back in power with a greater seat share. The Union Budget for 2008-09 announced an Agricultural Debt Waiver and Debt Relief Scheme, which cost the exchequer Rs 52,000 crore. Bankers have always rapped such schemes, for discouraging borrowers who pay their dues on time. --   DISSENTING VOICES... TDP chief Chandrababu Naidu, who will take the oath of office as CM on Monday, will reportedly be signing on a file proposing a Rs 54,000-crore farm loan waiver The amount could rise to Rs 60,000 crore if the state government also waives loans taken by mortgaging gold, as proposed Banks have taken up the issue with the financial services secretary The state government has already met bankers to discuss the modalities The Congress-led UPA had announced a similar farm loan waiver scheme before the general elections of 2009