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


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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


        trigger_error($message, E_USER_DEPRECATED);

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

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

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    <h1 class="cat-box-title">Indian farmers need a new deal and not just loan waivers -Yogendra Yadav</h1>
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                            <div align="justify">-ThePrint.in<br /><br /><em>Farmers&rsquo; issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something.<br /></em><br />When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and policy credentials to talk about banking. Not just because he is backed by twelve other well-known economists. And, not just because he had the guts, as the RBI governor, to take on corporate debt write-offs as well.<br /><br />Raghuram Rajan ought to be taken seriously because he advances robust arguments: benefits of such a waiver often go to the best connected, it creates enormous stress for the fiscal health of the state government and it inhibits investment down the line. Bankers have often argued that loan waivers hurt credit culture and thus harm rural banking and, eventually, work against the farmers themselves. Agricultural economists tell us that farm loan waivers cannot solve the crisis of Indian agriculture.<br /><br />These are valid arguments. Sure, a farm loan waiver by itself does not solve the problems of the Indian farmers. Indeed, loan waivers should be used very sparingly and as the very last resort by any government. But these objections apply to stand-alone, indiscriminate and repeated loan waivers of the kind usually announced by the government as a desperate pre-election gamble to buy farmers&rsquo; votes. That&rsquo;s not what the farmers&rsquo; movements have been demanding. Sadly, neither the media nor the economists have cared to take a look at the demands and proposals put forward by the farmers&rsquo; movement. I refer here specifically to the demands and the bills proposed by the All India Kisan Sangharsh Coordination Committee (AIKSCC), the umbrella body of over 200 farmers&rsquo; organisations that brought farmers from all over the country to Delhi in a historic Kisan Mukti March last month. (Full disclosure: I have been on the executive committee of AIKSCC since its inception)<br /><br />Let&rsquo;s draw a distinction between karj maafi, the farm loan waiver (FLW) being proposed by political parties and governments, and karj mukti, the freedom from indebtedness (FFI) demanded by the farmers&rsquo; movements. These have a superficial resemblance as both contain an element of loan waiver. But the similarity ends there.<br /><br />Please <a href="https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M" title="https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M">click here</a> to read more.&nbsp; <br /></div>                                                           
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    <br><a href="https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M" class="re" target="_blank">ThePrint.in, 20 December, 2018, https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M</a><div class="clear"></div>
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    <h1 class="cat-box-title">Indian farmers need a new deal and not just loan waivers -Yogendra Yadav</h1>
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                            <div align="justify">-ThePrint.in<br /><br /><em>Farmers&rsquo; issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something.<br /></em><br />When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and policy credentials to talk about banking. Not just because he is backed by twelve other well-known economists. And, not just because he had the guts, as the RBI governor, to take on corporate debt write-offs as well.<br /><br />Raghuram Rajan ought to be taken seriously because he advances robust arguments: benefits of such a waiver often go to the best connected, it creates enormous stress for the fiscal health of the state government and it inhibits investment down the line. Bankers have often argued that loan waivers hurt credit culture and thus harm rural banking and, eventually, work against the farmers themselves. Agricultural economists tell us that farm loan waivers cannot solve the crisis of Indian agriculture.<br /><br />These are valid arguments. Sure, a farm loan waiver by itself does not solve the problems of the Indian farmers. Indeed, loan waivers should be used very sparingly and as the very last resort by any government. But these objections apply to stand-alone, indiscriminate and repeated loan waivers of the kind usually announced by the government as a desperate pre-election gamble to buy farmers&rsquo; votes. That&rsquo;s not what the farmers&rsquo; movements have been demanding. Sadly, neither the media nor the economists have cared to take a look at the demands and proposals put forward by the farmers&rsquo; movement. I refer here specifically to the demands and the bills proposed by the All India Kisan Sangharsh Coordination Committee (AIKSCC), the umbrella body of over 200 farmers&rsquo; organisations that brought farmers from all over the country to Delhi in a historic Kisan Mukti March last month. (Full disclosure: I have been on the executive committee of AIKSCC since its inception)<br /><br />Let&rsquo;s draw a distinction between karj maafi, the farm loan waiver (FLW) being proposed by political parties and governments, and karj mukti, the freedom from indebtedness (FFI) demanded by the farmers&rsquo; movements. These have a superficial resemblance as both contain an element of loan waiver. But the similarity ends there.<br /><br />Please <a href="https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M" title="https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M">click here</a> to read more.&nbsp; <br /></div>                                                           
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    <br><a href="https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M" class="re" target="_blank">ThePrint.in, 20 December, 2018, https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M</a><div class="clear"></div>
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-ThePrint.in

Farmers&rsquo; issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something.

When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and..." />
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    <h1 class="cat-box-title">Indian farmers need a new deal and not just loan waivers -Yogendra Yadav</h1>
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                            <div align="justify">-ThePrint.in<br /><br /><em>Farmers&rsquo; issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something.<br /></em><br />When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and policy credentials to talk about banking. Not just because he is backed by twelve other well-known economists. And, not just because he had the guts, as the RBI governor, to take on corporate debt write-offs as well.<br /><br />Raghuram Rajan ought to be taken seriously because he advances robust arguments: benefits of such a waiver often go to the best connected, it creates enormous stress for the fiscal health of the state government and it inhibits investment down the line. Bankers have often argued that loan waivers hurt credit culture and thus harm rural banking and, eventually, work against the farmers themselves. Agricultural economists tell us that farm loan waivers cannot solve the crisis of Indian agriculture.<br /><br />These are valid arguments. Sure, a farm loan waiver by itself does not solve the problems of the Indian farmers. Indeed, loan waivers should be used very sparingly and as the very last resort by any government. But these objections apply to stand-alone, indiscriminate and repeated loan waivers of the kind usually announced by the government as a desperate pre-election gamble to buy farmers&rsquo; votes. That&rsquo;s not what the farmers&rsquo; movements have been demanding. Sadly, neither the media nor the economists have cared to take a look at the demands and proposals put forward by the farmers&rsquo; movement. I refer here specifically to the demands and the bills proposed by the All India Kisan Sangharsh Coordination Committee (AIKSCC), the umbrella body of over 200 farmers&rsquo; organisations that brought farmers from all over the country to Delhi in a historic Kisan Mukti March last month. (Full disclosure: I have been on the executive committee of AIKSCC since its inception)<br /><br />Let&rsquo;s draw a distinction between karj maafi, the farm loan waiver (FLW) being proposed by political parties and governments, and karj mukti, the freedom from indebtedness (FFI) demanded by the farmers&rsquo; movements. These have a superficial resemblance as both contain an element of loan waiver. But the similarity ends there.<br /><br />Please <a href="https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M" title="https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M">click here</a> to read more.&nbsp; <br /></div>                                                           
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Indian farmers need a new deal and not just loan waivers -Yogendra Yadav

Published on Dec 21, 2018   Modified on Dec 21, 2018

-ThePrint.in Farmers’ issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something. When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and policy credentials to talk about banking. Not just because he is backed by twelve other well-known economists. And, not just because he had the guts, as the RBI governor, to take on corporate debt write-offs as well. Raghuram Rajan ought to be taken seriously because he advances robust arguments: benefits of such a waiver often go to the best connected, it creates enormous stress for the fiscal health of the state government and it inhibits investment down the line. Bankers have often argued that loan waivers hurt credit culture and thus harm rural banking and, eventually, work against the farmers themselves. Agricultural economists tell us that farm loan waivers cannot solve the crisis of Indian agriculture. These are valid arguments. Sure, a farm loan waiver by itself does not solve the problems of the Indian farmers. Indeed, loan waivers should be used very sparingly and as the very last resort by any government. But these objections apply to stand-alone, indiscriminate and repeated loan waivers of the kind usually announced by the government as a desperate pre-election gamble to buy farmers’ votes. That’s not what the farmers’ movements have been demanding. Sadly, neither the media nor the economists have cared to take a look at the demands and proposals put forward by the farmers’ movement. I refer here specifically to the demands and the bills proposed by the All India Kisan Sangharsh Coordination Committee (AIKSCC), the umbrella body of over 200 farmers’ organisations that brought farmers from all over the country to Delhi in a historic Kisan Mukti March last month. (Full disclosure: I have been on the executive committee of AIKSCC since its inception) Let’s draw a distinction between karj maafi, the farm loan waiver (FLW) being proposed by political parties and governments, and karj mukti, the freedom from indebtedness (FFI) demanded by the farmers’ movements. These have a superficial resemblance as both contain an element of loan waiver. But the similarity ends there. Please click here to read more.

ThePrint.in, 20 December, 2018, https://theprint.in/opinion/indian-farmers-need-a-new-deal-and-not-just-loan-waivers/166491/?fbclid=IwAR2FeeHRhapGhS1c0veQ-6JlAbbXCSSv-ZTiM4QicfI_Vg0NmccLn2SeP-M

Tagged with: Indebtedness Debt Burden Debt Relief debt waiver scheme Loan Waiver All India Kisan Sangharsh Coordination Committee (AIKSCC)

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