Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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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: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

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

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

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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;
&lt;br /&gt;
In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;
&lt;br /&gt;
Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;
&lt;br /&gt;
In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;
&lt;br /&gt;
Unhappy farmers worry politicians. &lt;br /&gt;
&lt;br /&gt;
The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;
&lt;br /&gt;
And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;
&lt;br /&gt;
The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;
&lt;br /&gt;
Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power

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	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;&lt;br /&gt;In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;&lt;br /&gt;Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;&lt;br /&gt;In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;&lt;br /&gt;Unhappy farmers worry politicians. &lt;br /&gt;&lt;br /&gt;The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;&lt;br /&gt;And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;&lt;br /&gt;The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;&lt;br /&gt;Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot; title=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;
&lt;br /&gt;
In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;
&lt;br /&gt;
Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;
&lt;br /&gt;
In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;
&lt;br /&gt;
Unhappy farmers worry politicians. &lt;br /&gt;
&lt;br /&gt;
The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;
&lt;br /&gt;
And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;
&lt;br /&gt;
The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;
&lt;br /&gt;
Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
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Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power

Several parts of India are in the grip of...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;&lt;br /&gt;In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;&lt;br /&gt;Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;&lt;br /&gt;In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;&lt;br /&gt;Unhappy farmers worry politicians. &lt;br /&gt;&lt;br /&gt;The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;&lt;br /&gt;And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;&lt;br /&gt;The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;&lt;br /&gt;Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot; title=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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                <strong>The politics and economics of farm loan waivers -R Sukumar</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power<br /></em><br />Several parts of India are in the grip of an agrarian crisis.<br /><br />In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.<br /><br />Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).<br /><br />In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&rsquo;s columnist Himanshu (he uses only one name), one of the country&rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.<br /><br />Unhappy farmers worry politicians. <br /><br />The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).<br /><br />And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.<br /><br />The growing chorus for a waiver of agricultural loans in Maharashtra&mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.<br /><br />Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.<br /><br />Please <a href="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html" title="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;
&lt;br /&gt;
In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;
&lt;br /&gt;
Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;
&lt;br /&gt;
In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;
&lt;br /&gt;
Unhappy farmers worry politicians. &lt;br /&gt;
&lt;br /&gt;
The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;
&lt;br /&gt;
And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;
&lt;br /&gt;
The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;
&lt;br /&gt;
Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;
&lt;br /&gt;
In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;
&lt;br /&gt;
Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;
&lt;br /&gt;
In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;
&lt;br /&gt;
Unhappy farmers worry politicians. &lt;br /&gt;
&lt;br /&gt;
The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;
&lt;br /&gt;
And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;
&lt;br /&gt;
The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;
&lt;br /&gt;
Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;&lt;br /&gt;In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;&lt;br /&gt;Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;&lt;br /&gt;In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;&lt;br /&gt;Unhappy farmers worry politicians. &lt;br /&gt;&lt;br /&gt;The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;&lt;br /&gt;And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;&lt;br /&gt;The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;&lt;br /&gt;Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot; title=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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                <strong>The politics and economics of farm loan waivers -R Sukumar</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power<br /></em><br />Several parts of India are in the grip of an agrarian crisis.<br /><br />In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.<br /><br />Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).<br /><br />In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&rsquo;s columnist Himanshu (he uses only one name), one of the country&rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.<br /><br />Unhappy farmers worry politicians. <br /><br />The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).<br /><br />And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.<br /><br />The growing chorus for a waiver of agricultural loans in Maharashtra&mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.<br /><br />Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.<br /><br />Please <a href="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html" title="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;
&lt;br /&gt;
In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;
&lt;br /&gt;
Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;
&lt;br /&gt;
In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;
&lt;br /&gt;
Unhappy farmers worry politicians. &lt;br /&gt;
&lt;br /&gt;
The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;
&lt;br /&gt;
And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;
&lt;br /&gt;
The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;
&lt;br /&gt;
Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power

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	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;&lt;br /&gt;In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;&lt;br /&gt;Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;&lt;br /&gt;In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;&lt;br /&gt;Unhappy farmers worry politicians. &lt;br /&gt;&lt;br /&gt;The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;&lt;br /&gt;And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;&lt;br /&gt;The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;&lt;br /&gt;Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot; title=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;
&lt;br /&gt;
In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;
&lt;br /&gt;
Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;
&lt;br /&gt;
In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;
&lt;br /&gt;
Unhappy farmers worry politicians. &lt;br /&gt;
&lt;br /&gt;
The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;
&lt;br /&gt;
And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;
&lt;br /&gt;
The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;
&lt;br /&gt;
Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power

Several parts of India are in the grip of...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Several parts of India are in the grip of an agrarian crisis.&lt;br /&gt;&lt;br /&gt;In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.&lt;br /&gt;&lt;br /&gt;Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).&lt;br /&gt;&lt;br /&gt;In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&amp;rsquo;s columnist Himanshu (he uses only one name), one of the country&amp;rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.&lt;br /&gt;&lt;br /&gt;Unhappy farmers worry politicians. &lt;br /&gt;&lt;br /&gt;The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).&lt;br /&gt;&lt;br /&gt;And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&amp;mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&amp;mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.&lt;br /&gt;&lt;br /&gt;The growing chorus for a waiver of agricultural loans in Maharashtra&amp;mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&amp;mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.&lt;br /&gt;&lt;br /&gt;Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&amp;mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot; title=&quot;http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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                <strong>The politics and economics of farm loan waivers -R Sukumar</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power<br /></em><br />Several parts of India are in the grip of an agrarian crisis.<br /><br />In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.<br /><br />Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).<br /><br />In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&rsquo;s columnist Himanshu (he uses only one name), one of the country&rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.<br /><br />Unhappy farmers worry politicians. <br /><br />The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).<br /><br />And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.<br /><br />The growing chorus for a waiver of agricultural loans in Maharashtra&mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.<br /><br />Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.<br /><br />Please <a href="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html" title="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com<br />
<br />
<em>Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power<br />
</em><br />
Several parts of India are in the grip of an agrarian crisis.<br />
<br />
In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.<br />
<br />
Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).<br />
<br />
In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&rsquo;s columnist Himanshu (he uses only one name), one of the country&rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.<br />
<br />
Unhappy farmers worry politicians. <br />
<br />
The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).<br />
<br />
And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.<br />
<br />
The growing chorus for a waiver of agricultural loans in Maharashtra&mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.<br />
<br />
Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.<br />
<br />
Please <a href="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html">click here</a> to read more. <br />
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-Livemint.com

Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power

Several parts of India are in the grip of...',
	'disp' => '<div align="justify">-Livemint.com<br /><br /><em>Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power<br /></em><br />Several parts of India are in the grip of an agrarian crisis.<br /><br />In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.<br /><br />Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).<br /><br />In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&rsquo;s columnist Himanshu (he uses only one name), one of the country&rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.<br /><br />Unhappy farmers worry politicians. <br /><br />The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).<br /><br />And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.<br /><br />The growing chorus for a waiver of agricultural loans in Maharashtra&mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.<br /><br />Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.<br /><br />Please <a href="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html" title="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html">click here</a> to read more. <br /></div>',
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	'title' => 'The politics and economics of farm loan waivers -R Sukumar',
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-Livemint.com<br />
<br />
<em>Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power<br />
</em><br />
Several parts of India are in the grip of an agrarian crisis.<br />
<br />
In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.<br />
<br />
Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).<br />
<br />
In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&rsquo;s columnist Himanshu (he uses only one name), one of the country&rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.<br />
<br />
Unhappy farmers worry politicians. <br />
<br />
The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).<br />
<br />
And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.<br />
<br />
The growing chorus for a waiver of agricultural loans in Maharashtra&mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.<br />
<br />
Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.<br />
<br />
Please <a href="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html">click here</a> to read more. <br />
</div>',
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-Livemint.com

Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power

Several parts of India are in the grip of...'
$disp = '<div align="justify">-Livemint.com<br /><br /><em>Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power<br /></em><br />Several parts of India are in the grip of an agrarian crisis.<br /><br />In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though.<br /><br />Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade).<br /><br />In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint&rsquo;s columnist Himanshu (he uses only one name), one of the country&rsquo;s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs.<br /><br />Unhappy farmers worry politicians. <br /><br />The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year).<br /><br />And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme&mdash;a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household&mdash;helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery.<br /><br />The growing chorus for a waiver of agricultural loans in Maharashtra&mdash;another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas&mdash;and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context.<br /><br />Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour&mdash;lax credit discipline and the use of borrowed funds for non-agricultural purposes.<br /><br />Please <a href="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html" title="http://www.livemint.com/Opinion/3mZGNHjNOfhRXZoY0vokaK/The-politics-and-economics-of-farm-loan-waivers.html">click here</a> to read more. <br /></div>'
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The politics and economics of farm loan waivers -R Sukumar

-Livemint.com Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power Several parts of India are in the grip of an agrarian crisis. In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient (by double digit rates) in both 2014 and 2015; 2016 was a good year, though. Commodity cycles that cause global food prices to go up and down cyclically are also responsible for this. According to the Food and Agriculture Organization (FAO), at the end of 2016, food prices were roughly at the same level they were in 2006 (they witnessed a huge spike in the intervening decade). In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing. And farmers lack access to and expertise in risk management tools and techniques that can help them deal with the vagaries of nature and market shocks. Mint’s columnist Himanshu (he uses only one name), one of the country’s leading agricultural economists, has previously written on how the long decay of Indian agriculture has forced once dominant and prosperous agricultural communities such as the Jats and the Patels to launch agitations seeking reservations in government jobs. Unhappy farmers worry politicians. The National Democratic Alliance (NDA) government that ran India between 1999 and 2004 suffered a shock defeat in the 2004 parliamentary elections because of the lingering effects of the 2002 drought (India received only 80% of the rainfall it usually does during the south-west monsoon that year). And populist moves directed at farmers usually result in substantial political dividends. The United Progressive Alliance (UPA) surprised itself and everyone else by returning to power in the 2009 parliamentary elections, largely on the back of a Rs70,000 crore farm-loan waiver it announced in 2008. That waiver, and the Mahatma Gandhi National Rural Employment Guarantee Scheme—a job guarantee programme that promised 100 days of employment a year to at least one adult from every poor rural household—helped India through the 2008 financial crisis. The rural economy continued to shine in that period, and a broader fiscal stimulus (including lower indirect taxes on some products) meant that the Indian economy saw a sharp V-shaped recovery. The growing chorus for a waiver of agricultural loans in Maharashtra—another once-prosperous agricultural community, the Marathas, has also been agitating for subsidies for students and job quotas—and the recent waivers of such loans announced in Tamil Nadu (around Rs8,000 crore) and Uttar Pradesh (around Rs37,000 crore) need to be seen in this context. Apart from being an effective political weapon, waivers promise instant relief to farmers. But they punish farmers who have been diligent with repayments and encourage all sorts of wrong behaviour—lax credit discipline and the use of borrowed funds for non-agricultural purposes. Please click here to read more.