-The Indian Express Loan waivers are poll bait. What is needed is a structured and stable income support policy. The talk of the season on the farm front seems to be loan waivers. Farmer leaders are asking for it and those looking for power are ready to oblige. Newly elected chief ministers of Madhya Pradesh, Chhattisgarh and Rajasthan have all announced loan waivers within their promised time of 10 days. It...
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Clear bank dues when loans are waived: NABARD to states -Sidhartha
-The Times of India NEW DELHI: Amid a flurry of farm loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken. The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans...
More »Government eyeing quick fix for farm sector -Nistula Hebbar
-The Hindu Election jolt makes party look at ways to boost rural income; BJP chief commissions survey The defeat in the Assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh has made the government go back to the drawing board over the issue of rural distress, and some measures to bolster incomes in the countryside may be announced by the end of the winter session of Parliament. While the problems plaguing the agriculture sector...
More »Why credibility of India's fiscal math is under strain -Nikita Kwatra
-Livemint.com Unless the convoluted arithmetic behind fiscal deficit gets as much attention as headline fiscal deficit number, creative accounting practices will go on Mumbai: The Narendra Modi-led National Democratic Alliance (NDA) government has been lauded for its ability to rein in the headline fiscal deficit over the past few years, which has arguably helped tame inflation. However, with reverses in key assembly elections earlier this month and Lok Sabha elections to be...
More »60 Economists Send Wake-Up Call to Arun Jaitley on Maternal Benefits
-TheWire.in "The central government’s contribution to old-age pensions...has stagnated at just Rs 200 per month since 2006. This is unfair." New Delhi: Sixty economists from across the country have written to finance minister Arun Jaitley, asking him to ensure that social security pensions and maternity benefits get adequate attention in the Union Budget 2019. They argue that they had made a similar “modest” request before the 2018 Budget, but it went unheeded. The...
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