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
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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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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.&lt;br /&gt;
&lt;br /&gt;
Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &amp;quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&amp;quot; said Patel.&lt;br /&gt;
&lt;br /&gt;
Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &amp;quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &amp;quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&amp;quot; the chief of the country&#039;s largest bank had said, adding, &amp;quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&amp;quot; Bhattacharya&#039;s statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.&lt;br /&gt;
&lt;br /&gt;
On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms&quot;&gt;click here&lt;/a&gt; to read more. 
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MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.

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&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.&lt;br /&gt;
&lt;br /&gt;
Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &amp;quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&amp;quot; said Patel.&lt;br /&gt;
&lt;br /&gt;
Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &amp;quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &amp;quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&amp;quot; the chief of the country&#039;s largest bank had said, adding, &amp;quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&amp;quot; Bhattacharya&#039;s statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.&lt;br /&gt;
&lt;br /&gt;
On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms&quot;&gt;click here&lt;/a&gt; to read more. 
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-The Times of India

MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.

Uttar Pradesh chief minister..."/>
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                <strong>Farm loan waivers a bad idea: RBI governor Urjit Patel</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.<br /><br />Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&quot; said Patel.<br /><br />Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&quot; he said.<br /><br />Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&quot; the chief of the country's largest bank had said, adding, &quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&quot; Bhattacharya's statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.<br /><br />On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms" title="http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms">click here</a> to read more. </div><div align="justify">&nbsp;</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('cakeErr67eef8f202674-trace').style.display = (document.getElementById('cakeErr67eef8f202674-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="cakeErr67eef8f202674-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67eef8f202674-code').style.display = (document.getElementById('cakeErr67eef8f202674-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67eef8f202674-context').style.display = (document.getElementById('cakeErr67eef8f202674-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67eef8f202674-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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&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.&lt;br /&gt;
&lt;br /&gt;
Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &amp;quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&amp;quot; said Patel.&lt;br /&gt;
&lt;br /&gt;
Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &amp;quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &amp;quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&amp;quot; the chief of the country&#039;s largest bank had said, adding, &amp;quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&amp;quot; Bhattacharya&#039;s statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.&lt;br /&gt;
&lt;br /&gt;
On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms&quot;&gt;click here&lt;/a&gt; to read more. 
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MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.

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&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.&lt;br /&gt;
&lt;br /&gt;
Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &amp;quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&amp;quot; said Patel.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms&quot;&gt;click here&lt;/a&gt; to read more. 
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-The Times of India

MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.

Uttar Pradesh chief minister..."/>
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                <strong>Farm loan waivers a bad idea: RBI governor Urjit Patel</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.<br /><br />Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&quot; said Patel.<br /><br />Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&quot; he said.<br /><br />Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&quot; the chief of the country's largest bank had said, adding, &quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&quot; Bhattacharya's statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.<br /><br />On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms" title="http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms">click here</a> to read more. </div><div align="justify">&nbsp;</div>               </font>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.&lt;br /&gt;
&lt;br /&gt;
Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &amp;quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&amp;quot; said Patel.&lt;br /&gt;
&lt;br /&gt;
Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &amp;quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &amp;quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&amp;quot; the chief of the country&#039;s largest bank had said, adding, &amp;quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&amp;quot; Bhattacharya&#039;s statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.&lt;br /&gt;
&lt;br /&gt;
On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. &lt;br /&gt;
&lt;br /&gt;
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MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.

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&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.&lt;br /&gt;
&lt;br /&gt;
Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &amp;quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&amp;quot; said Patel.&lt;br /&gt;
&lt;br /&gt;
Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &amp;quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&amp;quot; he said.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. &lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms&quot;&gt;click here&lt;/a&gt; to read more. 
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MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.

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-The Times of India

MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.

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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.<br /><br />Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&quot; said Patel.<br /><br />Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&quot; he said.<br /><br />Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&quot; the chief of the country's largest bank had said, adding, &quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&quot; Bhattacharya's statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.<br /><br />On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms" title="http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms">click here</a> to read more. </div><div align="justify">&nbsp;</div>               </font>
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-The Times of India<br />
<br />
<em>MUMBAI: </em>Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.<br />
<br />
Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&quot; said Patel.<br />
<br />
Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&quot; he said.<br />
<br />
Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&quot; the chief of the country's largest bank had said, adding, &quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&quot; Bhattacharya's statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.<br />
<br />
On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. <br />
<br />
Please <a href="http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms">click here</a> to read more. 
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-The Times of India<br />
<br />
<em>MUMBAI: </em>Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.<br />
<br />
Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. &quot;It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard,&quot; said Patel.<br />
<br />
Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. &quot;If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others,&quot; he said.<br />
<br />
Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. &quot;We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well,&quot; the chief of the country's largest bank had said, adding, &quot;Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver.&quot; Bhattacharya's statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly.<br />
<br />
On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. <br />
<br />
Please <a href="http://timesofindia.indiatimes.com/india/farm-loan-waivers-a-bad-idea-rbi-governor-urjit-patel/articleshow/58056639.cms">click here</a> to read more. 
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MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet.

Uttar Pradesh chief minister...'
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Farm loan waivers a bad idea: RBI governor Urjit Patel

-The Times of India MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet. Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. "It undermines honest credit culture, it impacts credit discipline, and it plugs incentives for future borrowers to repay. In other words, waivers engender moral hazard," said Patel. Responding to a question on whether there were any concerns on loan waivers, Patel said they entail transfers from tax payers to borrowers. "If on account of this, overall government borrowings go up, yields on government bonds are also impacted. Thereafter it can also lead to the crowding out of private borrowers as higher government borrowing can lead to an increase in cost of borrowing for others," he said. Patel is not the first banker to criticise farm loan waivers. Some of his comments are a reiteration of what State Bank of India chairman Arundhati Bhattacharya had said last month. "We feel that in case of a (farm) loan waiver there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers as well," the chief of the country's largest bank had said, adding, "Today the loans will come back as the government will pay for it but when we disburse loans again then the farmers will wait for the next election expecting another waiver." Bhattacharya's statement resulted in the Maharastra opposition moving a breach of privilege motion against her in the assembly. On Tuesday, UP chief minister Yogi Aditya Nath fulfilled his campaign promise of writing off farmer loans. Please click here to read more.