-The Hindu Business Line Total burden could swell to Rs. 2.7 lakh cr New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said. There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic...
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Rural Distress: A farmer- and banker-friendly alternative to agricultural loan waivers -Sher Singh Sangwan
-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
More »How will farm loan waivers impact the Indian economy? -Tadit Kundu
-Livemint.com Farm loan waivers will strain the finances of states, and harm both farmers and Banks over the long run In its policy statement released last week, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good money after bad, and stoke inflation. How much of an impact will...
More »Ensure safety of customers' lockers: RBI to Banks
-PTI New Delhi: The Reserve Bank has asked Banks to ensure customers’ lockers remain safe and there is “no negligence” that could render Banks liable to claims by locker holders, Parliament was informed today. Besides, Banks are being probed by the fair trade regulator CCI for alleged cartelisation in providing locker services to their customers. In a written reply to the Rajya Sabha, Corporate Affairs Minister Arun Jaitley said there is no specific...
More »Crop Insurance scheme: 70 lakh covered, says govt; farmer leaders claim 40 per cent left out -Zeeshan Shaikh & Shubhangi Khapre
-The Indian Express Core committee plans to start agitation from August 14 Mumbai: The Maharashtra government said Monday almost 70 lakh farmers out of the total 1.36 crore across the state had registered themselves for the crop insurance scheme this year. The figure almost meets the state target of 78 lakh envisaged in the beginning of the kharif season, even as farmer leaders said 40 per cent farmers could not avail...
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