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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                            <div align="justify">-Livemint.com<br /><br /><em>Taking a cue from election results, political parties may announce more farm loan waivers but this will do little to fix the persistent distress in rural households<br /></em><br />The drubbing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections in Madhya Pradesh, Rajasthan and Chhattisgarh has proved beyond doubt that all isn&rsquo;t well in India&rsquo;s hinterland. An analysis of the poll results in these three states show that the incumbent BJP won just 35% of the 436 rural assembly seats, while the Congress walked away with 55% of the seats. Going ahead, politicians and policymakers can ill afford to ignore the acute distress in rural India, which is driven by a deflation in crop prices, lack of employment opportunities and stagnant rural wages. The resurrection of the Congress, which won the elections banking on populist pre-poll promises, coupled with anti-incumbency and anger among voters on the promise of &ldquo;achhe din&rdquo; by Prime Minister Modi, is all set to change India&rsquo;s policy priorities over the next few months, ahead of the 2019 general elections.<br /><br />Among the array of poll promises, the promise of loan waivers ranks foremost. Ever since farmers took to the streets in June last year, seeking the government&rsquo;s attention, their primary demands have been a complete loan waiver and remunerative crop prices. For farmer movements, rising corporate non-performing assets and haircuts offered by banks provided added ammunition: If industrialists&rsquo; loans can be written off, how can the government deny it to farmers who are struggling to make ends meet? Sensing the mood, the Congress promised generous farm loan waivers in all the three states where it fought the incumbent BJP. In states like Chhattisgarh, it went a step ahead by promising to procure paddy at a steep ?2,500 per quintal, substantially higher than the centre&rsquo;s support price of ?1,750 per quintal. Before these elections, the BJP took a principled stand by saying it is concentrating on structural reforms in agriculture. However, it did raise support prices significantly and announced a new procurement scheme and termed it &ldquo;historic&rdquo;. Failure to implement this ambitious scheme named PM-AASHA has earned it the farmers&rsquo; wrath.<br /><br />With general elections round the corner, the BJP has fewer options to counter the offers made to voters by the Congress. On Tuesday evening, as it became clear that the Congress would oust the BJP in Chhattisgarh, Rajasthan and Madhya Pradesh, Reuters reported that the centre was considering a countrywide loan waiver for farmers, similar to what the United Progressive Alliance government implemented before the general elections in 2009. The sweeping victory of K. Chandrashekar Rao in Telangana has also placed before the BJP another option&mdash;a direct income transfer to farmers that Rao implemented successfully only months ago. While loan waivers lead to a collapse in the formal credit system&mdash;as repayments tank and banks hesitate to issue fresh loans, pushing farmers to the proverbial moneylender&mdash;income transfers do not distort either credit or wholesale agriculture markets. Such transfers are easy to administer and monitor. The only glitch is finding a way to bring tenant farmers in.<br /><br />Please <a href="https://www.livemint.com/Opinion/IBzTxE2HYlUkvnDWXCkZHL/Opinion--Promising-the-moon-but-will-they-deliver.html?fbclid=IwAR3efwnufOKZfzG7GN9r8BzDde7Ipi67uiSPjujpjBJFPaQ8FNnO-QTXaZ8" title="https://www.livemint.com/Opinion/IBzTxE2HYlUkvnDWXCkZHL/Opinion--Promising-the-moon-but-will-they-deliver.html?fbclid=IwAR3efwnufOKZfzG7GN9r8BzDde7Ipi67uiSPjujpjBJFPaQ8FNnO-QTXaZ8">click here</a> to read more.</div>                                                           
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                            <div align="justify">-Livemint.com<br /><br /><em>Taking a cue from election results, political parties may announce more farm loan waivers but this will do little to fix the persistent distress in rural households<br /></em><br />The drubbing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections in Madhya Pradesh, Rajasthan and Chhattisgarh has proved beyond doubt that all isn&rsquo;t well in India&rsquo;s hinterland. An analysis of the poll results in these three states show that the incumbent BJP won just 35% of the 436 rural assembly seats, while the Congress walked away with 55% of the seats. Going ahead, politicians and policymakers can ill afford to ignore the acute distress in rural India, which is driven by a deflation in crop prices, lack of employment opportunities and stagnant rural wages. The resurrection of the Congress, which won the elections banking on populist pre-poll promises, coupled with anti-incumbency and anger among voters on the promise of &ldquo;achhe din&rdquo; by Prime Minister Modi, is all set to change India&rsquo;s policy priorities over the next few months, ahead of the 2019 general elections.<br /><br />Among the array of poll promises, the promise of loan waivers ranks foremost. Ever since farmers took to the streets in June last year, seeking the government&rsquo;s attention, their primary demands have been a complete loan waiver and remunerative crop prices. For farmer movements, rising corporate non-performing assets and haircuts offered by banks provided added ammunition: If industrialists&rsquo; loans can be written off, how can the government deny it to farmers who are struggling to make ends meet? Sensing the mood, the Congress promised generous farm loan waivers in all the three states where it fought the incumbent BJP. In states like Chhattisgarh, it went a step ahead by promising to procure paddy at a steep ?2,500 per quintal, substantially higher than the centre&rsquo;s support price of ?1,750 per quintal. Before these elections, the BJP took a principled stand by saying it is concentrating on structural reforms in agriculture. However, it did raise support prices significantly and announced a new procurement scheme and termed it &ldquo;historic&rdquo;. Failure to implement this ambitious scheme named PM-AASHA has earned it the farmers&rsquo; wrath.<br /><br />With general elections round the corner, the BJP has fewer options to counter the offers made to voters by the Congress. On Tuesday evening, as it became clear that the Congress would oust the BJP in Chhattisgarh, Rajasthan and Madhya Pradesh, Reuters reported that the centre was considering a countrywide loan waiver for farmers, similar to what the United Progressive Alliance government implemented before the general elections in 2009. The sweeping victory of K. Chandrashekar Rao in Telangana has also placed before the BJP another option&mdash;a direct income transfer to farmers that Rao implemented successfully only months ago. While loan waivers lead to a collapse in the formal credit system&mdash;as repayments tank and banks hesitate to issue fresh loans, pushing farmers to the proverbial moneylender&mdash;income transfers do not distort either credit or wholesale agriculture markets. Such transfers are easy to administer and monitor. The only glitch is finding a way to bring tenant farmers in.<br /><br />Please <a href="https://www.livemint.com/Opinion/IBzTxE2HYlUkvnDWXCkZHL/Opinion--Promising-the-moon-but-will-they-deliver.html?fbclid=IwAR3efwnufOKZfzG7GN9r8BzDde7Ipi67uiSPjujpjBJFPaQ8FNnO-QTXaZ8" title="https://www.livemint.com/Opinion/IBzTxE2HYlUkvnDWXCkZHL/Opinion--Promising-the-moon-but-will-they-deliver.html?fbclid=IwAR3efwnufOKZfzG7GN9r8BzDde7Ipi67uiSPjujpjBJFPaQ8FNnO-QTXaZ8">click here</a> to read more.</div>                                                           
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                            <div align="justify">-Livemint.com<br /><br /><em>Taking a cue from election results, political parties may announce more farm loan waivers but this will do little to fix the persistent distress in rural households<br /></em><br />The drubbing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections in Madhya Pradesh, Rajasthan and Chhattisgarh has proved beyond doubt that all isn&rsquo;t well in India&rsquo;s hinterland. An analysis of the poll results in these three states show that the incumbent BJP won just 35% of the 436 rural assembly seats, while the Congress walked away with 55% of the seats. Going ahead, politicians and policymakers can ill afford to ignore the acute distress in rural India, which is driven by a deflation in crop prices, lack of employment opportunities and stagnant rural wages. The resurrection of the Congress, which won the elections banking on populist pre-poll promises, coupled with anti-incumbency and anger among voters on the promise of &ldquo;achhe din&rdquo; by Prime Minister Modi, is all set to change India&rsquo;s policy priorities over the next few months, ahead of the 2019 general elections.<br /><br />Among the array of poll promises, the promise of loan waivers ranks foremost. Ever since farmers took to the streets in June last year, seeking the government&rsquo;s attention, their primary demands have been a complete loan waiver and remunerative crop prices. For farmer movements, rising corporate non-performing assets and haircuts offered by banks provided added ammunition: If industrialists&rsquo; loans can be written off, how can the government deny it to farmers who are struggling to make ends meet? Sensing the mood, the Congress promised generous farm loan waivers in all the three states where it fought the incumbent BJP. In states like Chhattisgarh, it went a step ahead by promising to procure paddy at a steep ?2,500 per quintal, substantially higher than the centre&rsquo;s support price of ?1,750 per quintal. Before these elections, the BJP took a principled stand by saying it is concentrating on structural reforms in agriculture. However, it did raise support prices significantly and announced a new procurement scheme and termed it &ldquo;historic&rdquo;. Failure to implement this ambitious scheme named PM-AASHA has earned it the farmers&rsquo; wrath.<br /><br />With general elections round the corner, the BJP has fewer options to counter the offers made to voters by the Congress. On Tuesday evening, as it became clear that the Congress would oust the BJP in Chhattisgarh, Rajasthan and Madhya Pradesh, Reuters reported that the centre was considering a countrywide loan waiver for farmers, similar to what the United Progressive Alliance government implemented before the general elections in 2009. The sweeping victory of K. Chandrashekar Rao in Telangana has also placed before the BJP another option&mdash;a direct income transfer to farmers that Rao implemented successfully only months ago. While loan waivers lead to a collapse in the formal credit system&mdash;as repayments tank and banks hesitate to issue fresh loans, pushing farmers to the proverbial moneylender&mdash;income transfers do not distort either credit or wholesale agriculture markets. Such transfers are easy to administer and monitor. The only glitch is finding a way to bring tenant farmers in.<br /><br />Please <a href="https://www.livemint.com/Opinion/IBzTxE2HYlUkvnDWXCkZHL/Opinion--Promising-the-moon-but-will-they-deliver.html?fbclid=IwAR3efwnufOKZfzG7GN9r8BzDde7Ipi67uiSPjujpjBJFPaQ8FNnO-QTXaZ8" title="https://www.livemint.com/Opinion/IBzTxE2HYlUkvnDWXCkZHL/Opinion--Promising-the-moon-but-will-they-deliver.html?fbclid=IwAR3efwnufOKZfzG7GN9r8BzDde7Ipi67uiSPjujpjBJFPaQ8FNnO-QTXaZ8">click here</a> to read more.</div>                                                           
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Promising the moon, but will they deliver?

Published on Dec 15, 2018   Modified on Dec 15, 2018

-Livemint.com Taking a cue from election results, political parties may announce more farm loan waivers but this will do little to fix the persistent distress in rural households The drubbing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections in Madhya Pradesh, Rajasthan and Chhattisgarh has proved beyond doubt that all isn’t well in India’s hinterland. An analysis of the poll results in these three states show that the incumbent BJP won just 35% of the 436 rural assembly seats, while the Congress walked away with 55% of the seats. Going ahead, politicians and policymakers can ill afford to ignore the acute distress in rural India, which is driven by a deflation in crop prices, lack of employment opportunities and stagnant rural wages. The resurrection of the Congress, which won the elections banking on populist pre-poll promises, coupled with anti-incumbency and anger among voters on the promise of “achhe din” by Prime Minister Modi, is all set to change India’s policy priorities over the next few months, ahead of the 2019 general elections. Among the array of poll promises, the promise of loan waivers ranks foremost. Ever since farmers took to the streets in June last year, seeking the government’s attention, their primary demands have been a complete loan waiver and remunerative crop prices. For farmer movements, rising corporate non-performing assets and haircuts offered by banks provided added ammunition: If industrialists’ loans can be written off, how can the government deny it to farmers who are struggling to make ends meet? Sensing the mood, the Congress promised generous farm loan waivers in all the three states where it fought the incumbent BJP. In states like Chhattisgarh, it went a step ahead by promising to procure paddy at a steep ?2,500 per quintal, substantially higher than the centre’s support price of ?1,750 per quintal. Before these elections, the BJP took a principled stand by saying it is concentrating on structural reforms in agriculture. However, it did raise support prices significantly and announced a new procurement scheme and termed it “historic”. Failure to implement this ambitious scheme named PM-AASHA has earned it the farmers’ wrath. With general elections round the corner, the BJP has fewer options to counter the offers made to voters by the Congress. On Tuesday evening, as it became clear that the Congress would oust the BJP in Chhattisgarh, Rajasthan and Madhya Pradesh, Reuters reported that the centre was considering a countrywide loan waiver for farmers, similar to what the United Progressive Alliance government implemented before the general elections in 2009. The sweeping victory of K. Chandrashekar Rao in Telangana has also placed before the BJP another option—a direct income transfer to farmers that Rao implemented successfully only months ago. While loan waivers lead to a collapse in the formal credit system—as repayments tank and banks hesitate to issue fresh loans, pushing farmers to the proverbial moneylender—income transfers do not distort either credit or wholesale agriculture markets. Such transfers are easy to administer and monitor. The only glitch is finding a way to bring tenant farmers in. Please click here to read more.

Livemint.com, 14 December, 2018, https://www.livemint.com/Opinion/IBzTxE2HYlUkvnDWXCkZHL/Opinion--Promising-the-moon-but-will-they-deliver.html?fbclid=IwAR3efwnufOKZfzG7GN9r8BzDde7Ipi67uiSPjujpjBJFPaQ

Tagged with: debt waiver scheme Loan Waiver agrarian crisis rural distress Bharatiya Janata Party (BJP)

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