-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...
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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...
More »Will farm loan waivers hurt the finances of Tamil Nadu and Uttar Pradesh? -Sruthisagar Yamunan
-Scroll.in While officials say waivers could jeopardise allocation for other key sectors, farmer unions and economists feel it is a necessity given the farming crisis. Developments in three states over the past week have brought the debate on the waiver of farm loans back under the political spotlight. In Uttar Pradesh, the newly-elected Bharatiya Janata Party government under Chief Minister Adityanath announced on Wednesday that it would write-off crop loans of up...
More »Five reasons why Aadhaar shouldn't be applied universally -Mitali Saran
-Business Standard Not only is your privacy stripped stark naked, the system itself is illegal and vulnerable Indians have serious red tape PTSD. We live with chronic anxiety about the documents that get us the entitlements and paid services we need — food, cooking gas, SIM cards, sale deeds, passports and so on. We’re so tyrannised by bureaucracy that when we hear of an official document that might simplify life, we fall...
More »Tamil Nadu's Amma canteen concept catches on in other states -Nikita Doval
-Livemint.com Karnataka, Madhya Pradesh, Delhi, Andhra Pradesh have started their own versions of Tamil Nadu’s Amma canteens that provide food at heavily subsidized rates New Delhi: The late J. Jayalalithaa’s government in Tamil Nadu had launched Amma Unavagam (Mother’s canteen) with much fanfare in 2013. Meant to provide wholesome food at heavily subsidized rates, the canteens which are run by the government but staffed by women from self-help groups have been a runaway...
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