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


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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Why is Rs 1.84 lakh crore a &quot;frightening challenge&quot; for banks, but Rs 10.17 lakh crores not?

The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments..."/>
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Why is Rs 1.84 lakh crore a &quot;frightening challenge&quot; for banks, but Rs 10.17 lakh crores not?

The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments..." />
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    <h1 class="cat-box-title">Farm Loan Waivers and Corporate Defaulters are Two Sides of the Same Coin -Seshadri Kumar</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Why is Rs 1.84 lakh crore a &quot;frightening challenge&quot; for banks, but Rs 10.17 lakh crores not?<br /></em><br />The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments of Chhattisgarh, Madhya Pradesh, and Rajasthan.<br /><br />This was followed up by similar announcements from BJP-ruled Gujarat and Assam. Rahul Gandhi even went onto to demand a nation-wide farm loan waiver from Prime Minister Narendra Modi.<br /><br />As if on cue, India&rsquo;s bankers and economists claim to be alarmed.<br /><br />United Bank of India&rsquo;s MD, Ashok Kumar Pradhan, said, &ldquo;It is a deadly poison. It&rsquo;s a wrong way of addressing the real issue.&rdquo;<br /><br />&ldquo;It is not good for the country&rsquo;s credit culture,&rdquo; said Mrutyunjay Mahapatra, managing director at Syndicate Bank.<br /><br />&ldquo;Clearly, (this is) a frightening challenge for Indian banks!&rdquo; said Soumya Kanti Ghosh, SBI group&rsquo;s chief economic adviser, reacting to the information that the combined waiver amount may be Rs 60,000-70,000 crore.<br /><br />The government&rsquo;s think-tank, the NITI Aayog, pointed out that farm loan waivers only benefit 10-15% of all farmers, as the rest do not have access to institutional loans.<br /><br />Now, a reality check.<br /><br />How much will the farm loan waivers cost? MP&rsquo;s waiver will cost around Rs 35,000 crore. Chhattisgarh&rsquo;s waiver will cost Rs 6,100 crore.<br /><br />Rajasthan&rsquo;s waiver will cost around Rs 18,000 crore. All put, about Rs 60,000 crore.<br /><br />Following this, the Assam government announced a Rs 600 crore waiver in the state. Gujarat also followed suit with a Rs 650 crore waiver of farm electricity bills. Both states are BJP-ruled.<br /><br />Please <a href="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin" title="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin" class="re" target="_blank">TheWire.in, 15 January, 2019, https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin</a><div class="clear"></div>
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Why is Rs 1.84 lakh crore a &quot;frightening challenge&quot; for banks, but Rs 10.17 lakh crores not?

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    <h1 class="cat-box-title">Farm Loan Waivers and Corporate Defaulters are Two Sides of the Same Coin -Seshadri Kumar</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Why is Rs 1.84 lakh crore a &quot;frightening challenge&quot; for banks, but Rs 10.17 lakh crores not?<br /></em><br />The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments of Chhattisgarh, Madhya Pradesh, and Rajasthan.<br /><br />This was followed up by similar announcements from BJP-ruled Gujarat and Assam. Rahul Gandhi even went onto to demand a nation-wide farm loan waiver from Prime Minister Narendra Modi.<br /><br />As if on cue, India&rsquo;s bankers and economists claim to be alarmed.<br /><br />United Bank of India&rsquo;s MD, Ashok Kumar Pradhan, said, &ldquo;It is a deadly poison. It&rsquo;s a wrong way of addressing the real issue.&rdquo;<br /><br />&ldquo;It is not good for the country&rsquo;s credit culture,&rdquo; said Mrutyunjay Mahapatra, managing director at Syndicate Bank.<br /><br />&ldquo;Clearly, (this is) a frightening challenge for Indian banks!&rdquo; said Soumya Kanti Ghosh, SBI group&rsquo;s chief economic adviser, reacting to the information that the combined waiver amount may be Rs 60,000-70,000 crore.<br /><br />The government&rsquo;s think-tank, the NITI Aayog, pointed out that farm loan waivers only benefit 10-15% of all farmers, as the rest do not have access to institutional loans.<br /><br />Now, a reality check.<br /><br />How much will the farm loan waivers cost? MP&rsquo;s waiver will cost around Rs 35,000 crore. Chhattisgarh&rsquo;s waiver will cost Rs 6,100 crore.<br /><br />Rajasthan&rsquo;s waiver will cost around Rs 18,000 crore. All put, about Rs 60,000 crore.<br /><br />Following this, the Assam government announced a Rs 600 crore waiver in the state. Gujarat also followed suit with a Rs 650 crore waiver of farm electricity bills. Both states are BJP-ruled.<br /><br />Please <a href="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin" title="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin" class="re" target="_blank">TheWire.in, 15 January, 2019, https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin</a><div class="clear"></div>
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Why is Rs 1.84 lakh crore a &quot;frightening challenge&quot; for banks, but Rs 10.17 lakh crores not?

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Why is Rs 1.84 lakh crore a &quot;frightening challenge&quot; for banks, but Rs 10.17 lakh crores not?

The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments..." />
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    <h1 class="cat-box-title">Farm Loan Waivers and Corporate Defaulters are Two Sides of the Same Coin -Seshadri Kumar</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Why is Rs 1.84 lakh crore a &quot;frightening challenge&quot; for banks, but Rs 10.17 lakh crores not?<br /></em><br />The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments of Chhattisgarh, Madhya Pradesh, and Rajasthan.<br /><br />This was followed up by similar announcements from BJP-ruled Gujarat and Assam. Rahul Gandhi even went onto to demand a nation-wide farm loan waiver from Prime Minister Narendra Modi.<br /><br />As if on cue, India&rsquo;s bankers and economists claim to be alarmed.<br /><br />United Bank of India&rsquo;s MD, Ashok Kumar Pradhan, said, &ldquo;It is a deadly poison. It&rsquo;s a wrong way of addressing the real issue.&rdquo;<br /><br />&ldquo;It is not good for the country&rsquo;s credit culture,&rdquo; said Mrutyunjay Mahapatra, managing director at Syndicate Bank.<br /><br />&ldquo;Clearly, (this is) a frightening challenge for Indian banks!&rdquo; said Soumya Kanti Ghosh, SBI group&rsquo;s chief economic adviser, reacting to the information that the combined waiver amount may be Rs 60,000-70,000 crore.<br /><br />The government&rsquo;s think-tank, the NITI Aayog, pointed out that farm loan waivers only benefit 10-15% of all farmers, as the rest do not have access to institutional loans.<br /><br />Now, a reality check.<br /><br />How much will the farm loan waivers cost? MP&rsquo;s waiver will cost around Rs 35,000 crore. Chhattisgarh&rsquo;s waiver will cost Rs 6,100 crore.<br /><br />Rajasthan&rsquo;s waiver will cost around Rs 18,000 crore. All put, about Rs 60,000 crore.<br /><br />Following this, the Assam government announced a Rs 600 crore waiver in the state. Gujarat also followed suit with a Rs 650 crore waiver of farm electricity bills. Both states are BJP-ruled.<br /><br />Please <a href="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin" title="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin" class="re" target="_blank">TheWire.in, 15 January, 2019, https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin</a><div class="clear"></div>
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Farm Loan Waivers and Corporate Defaulters are Two Sides of the Same Coin -Seshadri Kumar

Published on Jan 16, 2019   Modified on Jan 16, 2019

-TheWire.in Why is Rs 1.84 lakh crore a "frightening challenge" for banks, but Rs 10.17 lakh crores not? The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments of Chhattisgarh, Madhya Pradesh, and Rajasthan. This was followed up by similar announcements from BJP-ruled Gujarat and Assam. Rahul Gandhi even went onto to demand a nation-wide farm loan waiver from Prime Minister Narendra Modi. As if on cue, India’s bankers and economists claim to be alarmed. United Bank of India’s MD, Ashok Kumar Pradhan, said, “It is a deadly poison. It’s a wrong way of addressing the real issue.” “It is not good for the country’s credit culture,” said Mrutyunjay Mahapatra, managing director at Syndicate Bank. “Clearly, (this is) a frightening challenge for Indian banks!” said Soumya Kanti Ghosh, SBI group’s chief economic adviser, reacting to the information that the combined waiver amount may be Rs 60,000-70,000 crore. The government’s think-tank, the NITI Aayog, pointed out that farm loan waivers only benefit 10-15% of all farmers, as the rest do not have access to institutional loans. Now, a reality check. How much will the farm loan waivers cost? MP’s waiver will cost around Rs 35,000 crore. Chhattisgarh’s waiver will cost Rs 6,100 crore. Rajasthan’s waiver will cost around Rs 18,000 crore. All put, about Rs 60,000 crore. Following this, the Assam government announced a Rs 600 crore waiver in the state. Gujarat also followed suit with a Rs 650 crore waiver of farm electricity bills. Both states are BJP-ruled. Please click here to read more.

TheWire.in, 15 January, 2019, https://thewire.in/economy/farm-loan-waivers-and-corporate-defaulters-are-two-sides-of-the-same-coin

Tagged with: NITI Aayog Debt Relief Debt Repayment Farm Loan Waiver Loan Waiver

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