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\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 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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        LATEST NEWS UPDATES | Loan waiver not a solution to farm distress: NITI Aayog    </title>
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NEW DELHI: Joining the debate on farm loan waivers, government think-tank Niti Aayog on Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress. Congress chief Rahul Gandhi has been pressing..."/>
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                            <div align="justify">-PTI<br /><br /><em>NEW DELHI: </em>Joining the debate on farm loan waivers, government think-tank Niti Aayog on Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress. Congress chief Rahul Gandhi has been pressing the government on the issue, saying he will not let Prime Minister Narendra Modi sleep until a loan waiver is given to all farmers.<br /><br />&quot;Farm loan waiver is not a solution to farm sector distress. It is not a solution but is palliative,&quot; Niti Aayog vice chairman Rajiv Kumar said at a press conference after the release of its 'Strategy for New India @ 75' document.<br /><br />Niti Aayog member and agriculture policy expert Ramesh Chand also echoed Kumar's opinion, saying the biggest problem with loan waiver is that it will benefit only a small fraction of farmers.<br /><br />&quot;In poorer states, only 10-15 per cent of farmers are benefited from loan waiver as few number of farmers get institutional loans in such states. In many states, not even 25 per cent of farmers avail institutional credit,&quot; Chand pointed out.<br /><br />He noted that when you have this kind of variations in states in terms of farmers' access to institutional credit, it is not worth spending so much money on farm loan waivers.<br /><br />&quot;Even CAG report says that farm loan waivers does not help. Loan waivers is no solution to address distress in farm sector,&quot; Chand said.<br /><br />Both Kumar and Chand said the Aayog will suggest to the Ministry of Agriculture to link allocations to states to reform measures undertaken by them in the farm sector.<br /><br />Replying to a query on GST, Kumar said the average rate will gravitate towards 15 per cent with increased resources and widening of the tax base.<br /><br />To a question on job creation, the Niti Aayog vice chairman said, &quot;On the employment front, I am not sure crisis is appropriate word to use.&quot;<br /><br />&quot;We are concerned with the employment situation. In fact, I am one of those economists who has said our policy targets could well be in terms of employment maximisation and growth will come out of that,&quot; he added. <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms" title="https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms">click here</a> to read more.&nbsp; <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>NEW DELHI: </em>Joining the debate on farm loan waivers, government think-tank Niti Aayog on Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress. Congress chief Rahul Gandhi has been pressing the government on the issue, saying he will not let Prime Minister Narendra Modi sleep until a loan waiver is given to all farmers.<br /><br />&quot;Farm loan waiver is not a solution to farm sector distress. It is not a solution but is palliative,&quot; Niti Aayog vice chairman Rajiv Kumar said at a press conference after the release of its 'Strategy for New India @ 75' document.<br /><br />Niti Aayog member and agriculture policy expert Ramesh Chand also echoed Kumar's opinion, saying the biggest problem with loan waiver is that it will benefit only a small fraction of farmers.<br /><br />&quot;In poorer states, only 10-15 per cent of farmers are benefited from loan waiver as few number of farmers get institutional loans in such states. In many states, not even 25 per cent of farmers avail institutional credit,&quot; Chand pointed out.<br /><br />He noted that when you have this kind of variations in states in terms of farmers' access to institutional credit, it is not worth spending so much money on farm loan waivers.<br /><br />&quot;Even CAG report says that farm loan waivers does not help. Loan waivers is no solution to address distress in farm sector,&quot; Chand said.<br /><br />Both Kumar and Chand said the Aayog will suggest to the Ministry of Agriculture to link allocations to states to reform measures undertaken by them in the farm sector.<br /><br />Replying to a query on GST, Kumar said the average rate will gravitate towards 15 per cent with increased resources and widening of the tax base.<br /><br />To a question on job creation, the Niti Aayog vice chairman said, &quot;On the employment front, I am not sure crisis is appropriate word to use.&quot;<br /><br />&quot;We are concerned with the employment situation. In fact, I am one of those economists who has said our policy targets could well be in terms of employment maximisation and growth will come out of that,&quot; he added. <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms" title="https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms">click here</a> to read more.&nbsp; <br /></div>                                                           
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-PTI

NEW DELHI: Joining the debate on farm loan waivers, government think-tank Niti Aayog on Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress. Congress chief Rahul Gandhi has been pressing..." />
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    <h1 class="cat-box-title">Loan waiver not a solution to farm distress: NITI Aayog</h1>
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                            <div align="justify">-PTI<br /><br /><em>NEW DELHI: </em>Joining the debate on farm loan waivers, government think-tank Niti Aayog on Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress. Congress chief Rahul Gandhi has been pressing the government on the issue, saying he will not let Prime Minister Narendra Modi sleep until a loan waiver is given to all farmers.<br /><br />&quot;Farm loan waiver is not a solution to farm sector distress. It is not a solution but is palliative,&quot; Niti Aayog vice chairman Rajiv Kumar said at a press conference after the release of its 'Strategy for New India @ 75' document.<br /><br />Niti Aayog member and agriculture policy expert Ramesh Chand also echoed Kumar's opinion, saying the biggest problem with loan waiver is that it will benefit only a small fraction of farmers.<br /><br />&quot;In poorer states, only 10-15 per cent of farmers are benefited from loan waiver as few number of farmers get institutional loans in such states. In many states, not even 25 per cent of farmers avail institutional credit,&quot; Chand pointed out.<br /><br />He noted that when you have this kind of variations in states in terms of farmers' access to institutional credit, it is not worth spending so much money on farm loan waivers.<br /><br />&quot;Even CAG report says that farm loan waivers does not help. Loan waivers is no solution to address distress in farm sector,&quot; Chand said.<br /><br />Both Kumar and Chand said the Aayog will suggest to the Ministry of Agriculture to link allocations to states to reform measures undertaken by them in the farm sector.<br /><br />Replying to a query on GST, Kumar said the average rate will gravitate towards 15 per cent with increased resources and widening of the tax base.<br /><br />To a question on job creation, the Niti Aayog vice chairman said, &quot;On the employment front, I am not sure crisis is appropriate word to use.&quot;<br /><br />&quot;We are concerned with the employment situation. In fact, I am one of those economists who has said our policy targets could well be in terms of employment maximisation and growth will come out of that,&quot; he added. <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms" title="https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms">click here</a> to read more.&nbsp; <br /></div>                                                           
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    <br><a href="https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms" class="re" target="_blank">The Times of India, 19 December, 2018, https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms</a><div class="clear"></div>
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Loan waiver not a solution to farm distress: NITI Aayog

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

-PTI NEW DELHI: Joining the debate on farm loan waivers, government think-tank Niti Aayog on Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress. Congress chief Rahul Gandhi has been pressing the government on the issue, saying he will not let Prime Minister Narendra Modi sleep until a loan waiver is given to all farmers. "Farm loan waiver is not a solution to farm sector distress. It is not a solution but is palliative," Niti Aayog vice chairman Rajiv Kumar said at a press conference after the release of its 'Strategy for New India @ 75' document. Niti Aayog member and agriculture policy expert Ramesh Chand also echoed Kumar's opinion, saying the biggest problem with loan waiver is that it will benefit only a small fraction of farmers. "In poorer states, only 10-15 per cent of farmers are benefited from loan waiver as few number of farmers get institutional loans in such states. In many states, not even 25 per cent of farmers avail institutional credit," Chand pointed out. He noted that when you have this kind of variations in states in terms of farmers' access to institutional credit, it is not worth spending so much money on farm loan waivers. "Even CAG report says that farm loan waivers does not help. Loan waivers is no solution to address distress in farm sector," Chand said. Both Kumar and Chand said the Aayog will suggest to the Ministry of Agriculture to link allocations to states to reform measures undertaken by them in the farm sector. Replying to a query on GST, Kumar said the average rate will gravitate towards 15 per cent with increased resources and widening of the tax base. To a question on job creation, the Niti Aayog vice chairman said, "On the employment front, I am not sure crisis is appropriate word to use." "We are concerned with the employment situation. In fact, I am one of those economists who has said our policy targets could well be in terms of employment maximisation and growth will come out of that," he added. Please click here to read more.

The Times of India, 19 December, 2018, https://timesofindia.indiatimes.com/business/india-business/loan-waiver-not-a-solution-to-farm-distress-niti-aayog/articleshow/67162249.cms

Tagged with: Debt Burden Debt Relief debt waiver scheme Loan Waiver NITI Aayog National Institution for Transforming India (NITI) Aayog

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