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
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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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

                trigger_error($message, E_USER_WARNING);

            } else {
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		&#039;subheading&#039; =&gt; &#039;&#039;,
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-ENS Economic Bureau &lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&amp;rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.&lt;br /&gt;
&lt;br /&gt;
This covers bank loans to farmers with up to five acres of land,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
How will they be funded? &amp;ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&amp;rsquo; farm loans into long-dated non-SLR state government paper,&amp;rdquo; Merrill Lynch said. &amp;ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&amp;rdquo; it said. &amp;ldquo;We expect almost all states to write off about $40 billion of farm loans.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-ENS Economic Bureau 

&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000...&#039;,
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&lt;em&gt;&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.&lt;br /&gt;
&lt;br /&gt;
This covers bank loans to farmers with up to five acres of land,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
How will they be funded? &amp;ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&amp;rsquo; farm loans into long-dated non-SLR state government paper,&amp;rdquo; Merrill Lynch said. &amp;ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&amp;rdquo; it said. &amp;ldquo;We expect almost all states to write off about $40 billion of farm loans.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-ENS Economic Bureau 

&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000...&#039;
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-ENS Economic Bureau 

'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000..."/>
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                <strong>Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report</strong></h1>
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                <div align="justify">-ENS Economic Bureau <br /><br /><em>'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'<br /><br />Mumbai: </em>With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.<br /><br />Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.<br /><br />&ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.<br /><br />This covers bank loans to farmers with up to five acres of land,&rdquo; it said.<br /><br />How will they be funded? &ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&rsquo; farm loans into long-dated non-SLR state government paper,&rdquo; Merrill Lynch said. &ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&rdquo;<br /><br />&ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&rdquo; it said. &ldquo;We expect almost all states to write off about $40 billion of farm loans.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/" title="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/">click here</a> to read more. <br /></div>               </font>
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-ENS Economic Bureau &lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&amp;rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.&lt;br /&gt;
&lt;br /&gt;
This covers bank loans to farmers with up to five acres of land,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
How will they be funded? &amp;ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&amp;rsquo; farm loans into long-dated non-SLR state government paper,&amp;rdquo; Merrill Lynch said. &amp;ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&amp;rdquo;&lt;br /&gt;
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&amp;ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&amp;rdquo; it said. &amp;ldquo;We expect almost all states to write off about $40 billion of farm loans.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
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&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000...&#039;,
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&lt;br /&gt;
&lt;em&gt;&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&amp;rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.&lt;br /&gt;
&lt;br /&gt;
This covers bank loans to farmers with up to five acres of land,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
How will they be funded? &amp;ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&amp;rsquo; farm loans into long-dated non-SLR state government paper,&amp;rdquo; Merrill Lynch said. &amp;ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&amp;rdquo; it said. &amp;ldquo;We expect almost all states to write off about $40 billion of farm loans.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000...&#039;
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-ENS Economic Bureau 

'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000..."/>
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                <strong>Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report</strong></h1>
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                <div align="justify">-ENS Economic Bureau <br /><br /><em>'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'<br /><br />Mumbai: </em>With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.<br /><br />Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.<br /><br />&ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.<br /><br />This covers bank loans to farmers with up to five acres of land,&rdquo; it said.<br /><br />How will they be funded? &ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&rsquo; farm loans into long-dated non-SLR state government paper,&rdquo; Merrill Lynch said. &ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&rdquo;<br /><br />&ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&rdquo; it said. &ldquo;We expect almost all states to write off about $40 billion of farm loans.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/" title="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/">click here</a> to read more. <br /></div>               </font>
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-ENS Economic Bureau &lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&amp;rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.&lt;br /&gt;
&lt;br /&gt;
Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&amp;rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.&lt;br /&gt;
&lt;br /&gt;
This covers bank loans to farmers with up to five acres of land,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
How will they be funded? &amp;ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&amp;rsquo; farm loans into long-dated non-SLR state government paper,&amp;rdquo; Merrill Lynch said. &amp;ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&amp;rdquo;&lt;br /&gt;
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&amp;ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&amp;rdquo; it said. &amp;ldquo;We expect almost all states to write off about $40 billion of farm loans.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
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-ENS Economic Bureau 

&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000...&#039;,
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&lt;br /&gt;
&lt;em&gt;&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;&lt;br /&gt;
&lt;br /&gt;
Mumbai: &lt;/em&gt;With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&amp;rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.&lt;br /&gt;
&lt;br /&gt;
Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&amp;rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.&lt;br /&gt;
&lt;br /&gt;
This covers bank loans to farmers with up to five acres of land,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
How will they be funded? &amp;ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&amp;rsquo; farm loans into long-dated non-SLR state government paper,&amp;rdquo; Merrill Lynch said. &amp;ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&amp;rdquo; it said. &amp;ldquo;We expect almost all states to write off about $40 billion of farm loans.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-ENS Economic Bureau 

&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-ENS Economic Bureau &lt;br /&gt;&lt;br /&gt;&lt;em&gt;&#039;Such waiver would prove counter-productive for the RBI&amp;rsquo;s measures to clean up bank balance sheets&#039;&lt;br /&gt;&lt;br /&gt;Mumbai: &lt;/em&gt;With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&amp;rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.&lt;br /&gt;&lt;br /&gt;Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&amp;rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.&lt;br /&gt;&lt;br /&gt;This covers bank loans to farmers with up to five acres of land,&amp;rdquo; it said.&lt;br /&gt;&lt;br /&gt;How will they be funded? &amp;ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&amp;rsquo; farm loans into long-dated non-SLR state government paper,&amp;rdquo; Merrill Lynch said. &amp;ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;&amp;ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&amp;rdquo; it said. &amp;ldquo;We expect almost all states to write off about $40 billion of farm loans.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/&quot; title=&quot;http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000..."/>
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                <strong>Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report</strong></h1>
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                <div align="justify">-ENS Economic Bureau <br /><br /><em>'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'<br /><br />Mumbai: </em>With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.<br /><br />Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.<br /><br />&ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.<br /><br />This covers bank loans to farmers with up to five acres of land,&rdquo; it said.<br /><br />How will they be funded? &ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&rsquo; farm loans into long-dated non-SLR state government paper,&rdquo; Merrill Lynch said. &ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&rdquo;<br /><br />&ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&rdquo; it said. &ldquo;We expect almost all states to write off about $40 billion of farm loans.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/" title="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/">click here</a> to read more. <br /></div>               </font>
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-ENS Economic Bureau <br />
<br />
<em>'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'<br />
<br />
Mumbai: </em>With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.<br />
<br />
Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.<br />
<br />
&ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.<br />
<br />
This covers bank loans to farmers with up to five acres of land,&rdquo; it said.<br />
<br />
How will they be funded? &ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&rsquo; farm loans into long-dated non-SLR state government paper,&rdquo; Merrill Lynch said. &ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&rdquo;<br />
<br />
&ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&rdquo; it said. &ldquo;We expect almost all states to write off about $40 billion of farm loans.&rdquo;<br />
<br />
Please <a href="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/">click here</a> to read more. <br />
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'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000...',
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-ENS Economic Bureau <br />
<br />
<em>'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'<br />
<br />
Mumbai: </em>With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.<br />
<br />
Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.<br />
<br />
&ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.<br />
<br />
This covers bank loans to farmers with up to five acres of land,&rdquo; it said.<br />
<br />
How will they be funded? &ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&rsquo; farm loans into long-dated non-SLR state government paper,&rdquo; Merrill Lynch said. &ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&rdquo;<br />
<br />
&ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&rdquo; it said. &ldquo;We expect almost all states to write off about $40 billion of farm loans.&rdquo;<br />
<br />
Please <a href="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/">click here</a> to read more. <br />
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-ENS Economic Bureau 

'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'

Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000...'
$disp = '<div align="justify">-ENS Economic Bureau <br /><br /><em>'Such waiver would prove counter-productive for the RBI&rsquo;s measures to clean up bank balance sheets'<br /><br />Mumbai: </em>With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers&rsquo; loans in the run-up to the 2019 general elections in the country, a global banking group has said.<br /><br />Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP&rsquo;s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report.<br /><br />&ldquo;We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections.<br /><br />This covers bank loans to farmers with up to five acres of land,&rdquo; it said.<br /><br />How will they be funded? &ldquo;We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks&rsquo; farm loans into long-dated non-SLR state government paper,&rdquo; Merrill Lynch said. &ldquo;It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.&rdquo;<br /><br />&ldquo;On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,&rdquo; it said. &ldquo;We expect almost all states to write off about $40 billion of farm loans.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/" title="http://indianexpress.com/article/business/economy/farm-loan-waivers-by-states-might-hit-rs-257000-crore-by-2019-elections-bofa-ml-report-4690775/">click here</a> to read more. <br /></div>'
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Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report

-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of gross domestic product (GDP) by the 2019 polls, as other states are also likely to follow the BJP’s Maharashtra and UP governments, according to a Bank of America Merrill Lynch (BofA-ML) report. “We grow more confident of our call that farm loan waivers will spread across states after Maharashtra followed Uttar Pradesh in waiving farm loans on Saturday. This begs the question, how much of farm loans will eventually get waived? $40 billion, or 2 per cent of GDP, in our view, in the run-up to the 2019 general elections. This covers bank loans to farmers with up to five acres of land,” it said. How will they be funded? “We assess that the Ministry of Finance will eventually have to come up with a UDAY bond-type solution that will securitise banks’ farm loans into long-dated non-SLR state government paper,” Merrill Lynch said. “It may affect credit culture, although we recognise that a good part of farmer debt arose on rural stress from poor harvests.” “On balance, farm loan waivers support our standing call of playing consumption over investment, as they will help stimulate rural demand, especially if monsoons water a good crop,” it said. “We expect almost all states to write off about $40 billion of farm loans.” Please click here to read more.