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);
}
$message = '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.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [[maximum depth reached]] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]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 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
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);
}
$message = '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.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [[maximum depth reached]] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]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 Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fa0e48b0b69-trace').style.display = (document.getElementById('cakeErr67fa0e48b0b69-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="cakeErr67fa0e48b0b69-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fa0e48b0b69-code').style.display = (document.getElementById('cakeErr67fa0e48b0b69-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fa0e48b0b69-context').style.display = (document.getElementById('cakeErr67fa0e48b0b69-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fa0e48b0b69-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </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">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67fa0e48b0b69-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 38159, 'title' => 'Farm loan waivers can derail India&#039;s growth story -Ramesh Chand', 'subheading' => '', 'description' => '<div align="justify"> -Hindustan Times<br /> <br /> <em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /> </em><br /> India&rsquo;s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /> <br /> The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /> <br /> Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Hindustan Times, 4 January, 2019, https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686290, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 38159, 'metaTitle' => 'LATEST NEWS UPDATES | Farm loan waivers can derail India&#039;s growth story -Ramesh Chand', 'metaKeywords' => 'Loan Default,minimum support price,Minimum Support Prices,Farmers' Income,Debt Burden,Debt Relief,Debt Repayment,Loan Waiver,agrarian crisis', 'metaDesc' => ' -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India&rsquo;s agricultural economy witnessed significant changes during the...', 'disp' => '<div align="justify">-Hindustan Times<br /><br /><em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /></em><br />India&rsquo;s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 38159, 'title' => 'Farm loan waivers can derail India&#039;s growth story -Ramesh Chand', 'subheading' => '', 'description' => '<div align="justify"> -Hindustan Times<br /> <br /> <em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. 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Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /> <br /> The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /> <br /> Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Hindustan Times, 4 January, 2019, https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686290, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 38159 $metaTitle = 'LATEST NEWS UPDATES | Farm loan waivers can derail India&#039;s growth story -Ramesh Chand' $metaKeywords = 'Loan Default,minimum support price,Minimum Support Prices,Farmers' Income,Debt Burden,Debt Relief,Debt Repayment,Loan Waiver,agrarian crisis' $metaDesc = ' -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India&rsquo;s agricultural economy witnessed significant changes during the...' $disp = '<div align="justify">-Hindustan Times<br /><br /><em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /></em><br />India&rsquo;s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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</pre></div></pre>latest-news-updates/farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Farm loan waivers can derail India's growth story -Ramesh Chand | Im4change.org</title> <meta name="description" content=" -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India’s agricultural economy witnessed significant changes during the..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Farm loan waivers can derail India's growth story -Ramesh Chand</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-Hindustan Times<br /><br /><em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /></em><br />India’s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from “development” to “distress”. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers’ discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers’ discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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But the most serious effect of the waiver is potential risk of fiscal slippage .<br /> </em><br /> India&rsquo;s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /> <br /> The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /> <br /> Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Hindustan Times, 4 January, 2019, https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686290, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 38159, 'metaTitle' => 'LATEST NEWS UPDATES | Farm loan waivers can derail India&#039;s growth story -Ramesh Chand', 'metaKeywords' => 'Loan Default,minimum support price,Minimum Support Prices,Farmers' Income,Debt Burden,Debt Relief,Debt Repayment,Loan Waiver,agrarian crisis', 'metaDesc' => ' -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India&rsquo;s agricultural economy witnessed significant changes during the...', 'disp' => '<div align="justify">-Hindustan Times<br /><br /><em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /></em><br />India&rsquo;s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 38159, 'title' => 'Farm loan waivers can derail India&#039;s growth story -Ramesh Chand', 'subheading' => '', 'description' => '<div align="justify"> -Hindustan Times<br /> <br /> <em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. 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Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /> <br /> The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /> <br /> Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Hindustan Times, 4 January, 2019, https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686290, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 38159 $metaTitle = 'LATEST NEWS UPDATES | Farm loan waivers can derail India&#039;s growth story -Ramesh Chand' $metaKeywords = 'Loan Default,minimum support price,Minimum Support Prices,Farmers' Income,Debt Burden,Debt Relief,Debt Repayment,Loan Waiver,agrarian crisis' $metaDesc = ' -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India&rsquo;s agricultural economy witnessed significant changes during the...' $disp = '<div align="justify">-Hindustan Times<br /><br /><em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /></em><br />India&rsquo;s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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</pre></div></pre>latest-news-updates/farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Farm loan waivers can derail India's growth story -Ramesh Chand | Im4change.org</title> <meta name="description" content=" -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India’s agricultural economy witnessed significant changes during the..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Farm loan waivers can derail India's growth story -Ramesh Chand</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-Hindustan Times<br /><br /><em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /></em><br />India’s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from “development” to “distress”. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers’ discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers’ discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fa0e48b0b69-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fa0e48b0b69-code').style.display = (document.getElementById('cakeErr67fa0e48b0b69-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fa0e48b0b69-context').style.display = (document.getElementById('cakeErr67fa0e48b0b69-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fa0e48b0b69-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67fa0e48b0b69-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 38159, 'title' => 'Farm loan waivers can derail India&#039;s growth story -Ramesh Chand', 'subheading' => '', 'description' => '<div align="justify"> -Hindustan Times<br /> <br /> <em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /> </em><br /> India&rsquo;s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /> <br /> The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /> <br /> Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Hindustan Times, 4 January, 2019, https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686290, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 38159, 'metaTitle' => 'LATEST NEWS UPDATES | Farm loan waivers can derail India&#039;s growth story -Ramesh Chand', 'metaKeywords' => 'Loan Default,minimum support price,Minimum Support Prices,Farmers' Income,Debt Burden,Debt Relief,Debt Repayment,Loan Waiver,agrarian crisis', 'metaDesc' => ' -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. 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All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 38159, 'title' => 'Farm loan waivers can derail India&#039;s growth story -Ramesh Chand', 'subheading' => '', 'description' => '<div align="justify"> -Hindustan Times<br /> <br /> <em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. 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Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /> <br /> The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /> <br /> Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Hindustan Times, 4 January, 2019, https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686290, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 38159 $metaTitle = 'LATEST NEWS UPDATES | Farm loan waivers can derail India&#039;s growth story -Ramesh Chand' $metaKeywords = 'Loan Default,minimum support price,Minimum Support Prices,Farmers' Income,Debt Burden,Debt Relief,Debt Repayment,Loan Waiver,agrarian crisis' $metaDesc = ' -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. 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All these factors shifted the discourse on agriculture from &ldquo;development&rdquo; to &ldquo;distress&rdquo;. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers&rsquo; discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers&rsquo; discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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</pre></div></pre>latest-news-updates/farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Farm loan waivers can derail India's growth story -Ramesh Chand | Im4change.org</title> <meta name="description" content=" -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . 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But the most serious effect of the waiver is potential risk of fiscal slippage .<br /></em><br />India’s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from “development” to “distress”. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers’ discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers’ discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from “development” to “distress”. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /> <br /> The main cause for farmers’ discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. 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This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers’ discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 38159, 'title' => 'Farm loan waivers can derail India's growth story -Ramesh Chand', 'subheading' => '', 'description' => '<div align="justify"> -Hindustan Times<br /> <br /> <em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /> </em><br /> India’s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from “development” to “distress”. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /> <br /> The main cause for farmers’ discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers’ discontent.<br /> <br /> Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Hindustan Times, 4 January, 2019, https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'farm-loan-waivers-can-derail-india039s-growth-story-ramesh-chand-4686290', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686290, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 38159 $metaTitle = 'LATEST NEWS UPDATES | Farm loan waivers can derail India's growth story -Ramesh Chand' $metaKeywords = 'Loan Default,minimum support price,Minimum Support Prices,Farmers' Income,Debt Burden,Debt Relief,Debt Repayment,Loan Waiver,agrarian crisis' $metaDesc = ' -Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India’s agricultural economy witnessed significant changes during the...' $disp = '<div align="justify">-Hindustan Times<br /><br /><em>Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage .<br /></em><br />India’s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from “development” to “distress”. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income.<br /><br />The main cause for farmers’ discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers’ discontent.<br /><br />Please <a href="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html" title="https://www.hindustantimes.com/analysis/farm-loan-waivers-can-derail-india-s-growth-story/story-6anu1JCiDtN9RxIvtLuyTM.html">click here</a> to read more. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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Farm loan waivers can derail India's growth story -Ramesh Chand |
-Hindustan Times
Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India’s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspirations and fast growth in the income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. This period also experienced a fast shift towards the commercialisation of agriculture and market oriented production, which subjected farmers to a high level of market risk. All these factors shifted the discourse on agriculture from “development” to “distress”. This occurred despite witnessing a small acceleration in the growth rate of farm income and an increase in government support for agriculture in various forms. Currently, the total Central and state subsidies going for agriculture sector are estimated to be over Rs. 2.2 trillion, constituting close to 10% of agricultural GDP and 12% of average farm income. The main cause for farmers’ discontent is the low level of farm income. Farmers have been seeking higher prices to address this. To meet this demand, the Central government announced a change in cost criteria for fixing minimum support prices (MSP) and thereby substantially raised MSP for kharif 2018 and rabi 2019 crops. Simultaneously, the government also expanded procurement operations to oilseeds and pulses. This has pulled up the farm harvest prices of almost all kharif crops in the 2018 harvest season, though mandi prices in many cases and crops remained below MSP. This was the first season after the announcement of MSP based on the new cost concept and procurement operations did not go as far as planned. Paddy farmers this year received a price that was 7% higher compared to 2017 season despite depressed market situation and record production. Higher MSP announced by the government resulted in an increase in the net income of paddy farmers by close to 10% or Rs. 14,000 crore. Similarly, soyabean, maize, cotton, arhar, and other major crops fetched much higher income this year compared to previous year. These achievements, which benefit all farmers, are not highlighted by experts and missed by the media obsessed with showing stories which can be related to farmers’ discontent. Please click here to read more. |