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\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')) {

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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Total burden could swell to Rs. 2.7 lakh cr&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.&lt;br /&gt;
&lt;br /&gt;
There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.&lt;br /&gt;
&lt;br /&gt;
If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.&lt;br /&gt;
&lt;br /&gt;
With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.&lt;br /&gt;
&lt;br /&gt;
This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &amp;ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&amp;rdquo; the Survey said.&lt;br /&gt;
&lt;br /&gt;
One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.&lt;br /&gt;
&lt;br /&gt;
A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Hindu Business Line

Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Total burden could swell to Rs. 2.7 lakh cr&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.&lt;br /&gt;&lt;br /&gt;There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.&lt;br /&gt;&lt;br /&gt;If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.&lt;br /&gt;&lt;br /&gt;So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.&lt;br /&gt;&lt;br /&gt;With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.&lt;br /&gt;&lt;br /&gt;This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &amp;ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&amp;rdquo; the Survey said.&lt;br /&gt;&lt;br /&gt;One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.&lt;br /&gt;&lt;br /&gt;A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;Total burden could swell to Rs. 2.7 lakh cr&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.&lt;br /&gt;
&lt;br /&gt;
There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.&lt;br /&gt;
&lt;br /&gt;
If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.&lt;br /&gt;
&lt;br /&gt;
With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.&lt;br /&gt;
&lt;br /&gt;
This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &amp;ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&amp;rdquo; the Survey said.&lt;br /&gt;
&lt;br /&gt;
One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.&lt;br /&gt;
&lt;br /&gt;
A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Total burden could swell to Rs. 2.7 lakh cr

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-The Hindu Business Line

Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to..."/>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Total burden could swell to Rs. 2.7 lakh cr<br /><br />New Delhi: </em>Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.<br /><br />There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.<br /><br />If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.<br /><br />So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.<br /><br />With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.<br /><br />This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&rdquo; the Survey said.<br /><br />One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.<br /><br />A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. <br /><br />Please <a href="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ff3d954d953-trace').style.display = (document.getElementById('cakeErr67ff3d954d953-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ff3d954d953-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ff3d954d953-code').style.display = (document.getElementById('cakeErr67ff3d954d953-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ff3d954d953-context').style.display = (document.getElementById('cakeErr67ff3d954d953-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ff3d954d953-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Total burden could swell to Rs. 2.7 lakh cr&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.&lt;br /&gt;
&lt;br /&gt;
There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.&lt;br /&gt;
&lt;br /&gt;
If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.&lt;br /&gt;
&lt;br /&gt;
With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.&lt;br /&gt;
&lt;br /&gt;
This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &amp;ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&amp;rdquo; the Survey said.&lt;br /&gt;
&lt;br /&gt;
One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.&lt;br /&gt;
&lt;br /&gt;
A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to...&#039;,
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&lt;br /&gt;
&lt;em&gt;Total burden could swell to Rs. 2.7 lakh cr&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.&lt;br /&gt;
&lt;br /&gt;
There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.&lt;br /&gt;
&lt;br /&gt;
If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.&lt;br /&gt;
&lt;br /&gt;
With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.&lt;br /&gt;
&lt;br /&gt;
A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to...&#039;
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-The Hindu Business Line

Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to..."/>
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                <strong>Economy will decelerate if States resort to farm loan waivers</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Total burden could swell to Rs. 2.7 lakh cr<br /><br />New Delhi: </em>Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.<br /><br />There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.<br /><br />If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.<br /><br />So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.<br /><br />With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.<br /><br />This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&rdquo; the Survey said.<br /><br />One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.<br /><br />A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. <br /><br />Please <a href="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Total burden could swell to Rs. 2.7 lakh cr&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.&lt;br /&gt;
&lt;br /&gt;
There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.&lt;br /&gt;
&lt;br /&gt;
If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.&lt;br /&gt;
&lt;br /&gt;
With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.&lt;br /&gt;
&lt;br /&gt;
This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &amp;ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&amp;rdquo; the Survey said.&lt;br /&gt;
&lt;br /&gt;
One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.&lt;br /&gt;
&lt;br /&gt;
A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Total burden could swell to Rs. 2.7 lakh cr

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&lt;br /&gt;
&lt;em&gt;Total burden could swell to Rs. 2.7 lakh cr&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.&lt;br /&gt;
&lt;br /&gt;
There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.&lt;br /&gt;
&lt;br /&gt;
If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.&lt;br /&gt;
&lt;br /&gt;
A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. &lt;br /&gt;
&lt;br /&gt;
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Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Total burden could swell to Rs. 2.7 lakh cr&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.&lt;br /&gt;&lt;br /&gt;There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.&lt;br /&gt;&lt;br /&gt;If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.&lt;br /&gt;&lt;br /&gt;So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.&lt;br /&gt;&lt;br /&gt;With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.&lt;br /&gt;&lt;br /&gt;This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &amp;ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&amp;rdquo; the Survey said.&lt;br /&gt;&lt;br /&gt;One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.&lt;br /&gt;&lt;br /&gt;A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. &lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot; title=&quot;http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to..."/>
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                <strong>Economy will decelerate if States resort to farm loan waivers</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Total burden could swell to Rs. 2.7 lakh cr<br /><br />New Delhi: </em>Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.<br /><br />There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.<br /><br />If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.<br /><br />So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.<br /><br />With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.<br /><br />This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&rdquo; the Survey said.<br /><br />One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.<br /><br />A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. <br /><br />Please <a href="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
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-The Hindu Business Line<br />
<br />
<em>Total burden could swell to Rs. 2.7 lakh cr<br />
<br />
New Delhi: </em>Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.<br />
<br />
There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.<br />
<br />
If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.<br />
<br />
So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.<br />
<br />
With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.<br />
<br />
This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&rdquo; the Survey said.<br />
<br />
One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.<br />
<br />
A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. <br />
<br />
Please <a href="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true">click here</a> to read more. <br />
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-The Hindu Business Line

Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to...',
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-The Hindu Business Line<br />
<br />
<em>Total burden could swell to Rs. 2.7 lakh cr<br />
<br />
New Delhi: </em>Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.<br />
<br />
There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.<br />
<br />
If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.<br />
<br />
So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.<br />
<br />
With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.<br />
<br />
This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&rdquo; the Survey said.<br />
<br />
One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.<br />
<br />
A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. <br />
<br />
Please <a href="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true">click here</a> to read more. <br />
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-The Hindu Business Line

Total burden could swell to Rs. 2.7 lakh cr

New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to...'
$disp = '<div align="justify">-The Hindu Business Line<br /><br /><em>Total burden could swell to Rs. 2.7 lakh cr<br /><br />New Delhi: </em>Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said.<br /><br />There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery.<br /><br />If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore.<br /><br />So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said.<br /><br />With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said.<br /><br />This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. &ldquo;If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,&rdquo; the Survey said.<br /><br />One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore.<br /><br />A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. <br /><br />Please <a href="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/economic-survey-agriculture-farm-loan-waiver-states/article9814390.ece?homepage=true">click here</a> to read more. <br /></div>'
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Economy will decelerate if States resort to farm loan waivers

-The Hindu Business Line Total burden could swell to Rs. 2.7 lakh cr New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said. There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic decline in farm revenues was nothing short of mystery. If all State Governments resort to farm loan waivers, like the five States that had announced them, the aggregate demand would come down by Rs. 1.1 lakh crore. So far, only Karnataka, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh have announced crop loan waivers for the farmers. If other States were to follow suit, the total loan waivers could top Rs. 2.7 lakh crore, the Survey said. With the Centre categorically stating that it would not assume any responsibility for loan waivers, the States might have to finance the waivers on their own. But, most States are not in a position to absorb the additional burden arising out of the waivers because of their already squeezed fiscal space, it said. This is because their spending is influenced by their need to respect the Fiscal Responsibility Legislation targets. “If they assume higher debt, they will in many cases need to cut other spending (or increase taxes). Once these spending changes take place, there will be second-round effects,” the Survey said. One of them would be the subdued aggregate demand. The survey estimated that the cumulative reduction in aggregate demand would be Rs. 9 lakh crore. A portion of this would be offset by public sector banks as they would be able to take non-performing farm loans off their balance books. This would help them to provide additional financial resources to the private sector, leading to greater spending, according to the Survey. Please click here to read more.