-The Telegraph In the long term, the only real solution to rural distress is to shift labour to more productive segments of the economy It has turned into an open season for farm loan waivers. Less than a week after assuming office, Congress governments in Rajasthan, Madhya Pradesh and Chhattisgarh have announced the waiver of crop loans up to two lakh rupees per farmer. The Congress president, Rahul Gandhi, has thrown down...
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Loan waiver not a solution to farm distress: NITI Aayog
-PTI NEW DELHI: Joining the debate on farm loan waivers, government think-tank Niti Aayog on Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress. Congress chief Rahul Gandhi has been pressing the government on the issue, saying he will not let Prime Minister Narendra Modi sleep until a loan waiver is given to all farmers. "Farm loan waiver is not a solution...
More »Without Rise in Farm Income, Congress' Loan Waivers Won't End Rural Distress -Kabir Agarwal
-TheWire.in Implementing the loan waiver in Chhattisgarh, MP and Rajasthan will not be easy. It will cost Rs 80,000 crore and might need the states to double the spending on agriculture. New Delhi: On Monday, the newly appointed chief minister of Madhya Pradesh, Kamal Nath, proudly announced that his first executive decision was to waive farm loans in the state. While campaigning for the assembly elections, the Congress party had promised that if...
More »Neither freebies nor loan waivers will reduce farmer suicides -Neeraj Kaushal
-The Economic Times Minutes after taking oath on Monday as the new Madhya Pradesh chief minister, Kamal Nath sanctioned the waiver of farm loans in the state, as promised in the Congress election manifesto. Ostensibly, this is to relieve economic distress for farmers. But Nath himself was on record last week saying, “[Farmer distress] is why there are so many suicides.” Thus, the lightning waiver. Before anything else, let’s get the facts...
More »Why income support, not farm loan waiver, may be better for all -Surojit Gupta
-The Times of India NEW DELHI: The election results in which BJP lost three key states have once again pointed to the agrarian crisis and triggered demands for loan waivers. Pressure on the Centre has intensified ahead of the 2019 polls and comes against the backdrop of a tight fiscal situation. The government has committed itself to meet the fiscal deficit target of 3.3% of GDP. In the aftermath of several states...
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