-The Hindu Business line Distressed farmers are demanding loan waivers, but that should not deflect focus from what needs to be done and undone to address the root cause of the agrarian crisis The farmers’ unrest across the country, and particularly across several BJP-ruled States, appears to have caught the central government by surprise. But it should really not have done so. Ever since candidate Narendra Modi in 2014 promised the farmers...
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A Dark Satire -Ajay Vir Jakhar
-The Indian Express Branding the farmer agitations ‘political’ betrays a lack of understanding There is no proof required that economists commenting on farmer issues have reached an affliction point. When the counsellor one seeks advice from is as callous as saying that the farmers’ agitation was political and justifies it by citing declining farmer suicides and rising farmer prosperity (‘Just why are farmers rioting?’ by Surjit Bhalla, IE, June 10), one can’t...
More »Why bumper harvests spell doom -Ashok Gulati & Prerna Terway
-The Indian Express With a glut in agricultural production, prices have fallen below MSPs. The government needs to get the agri-market right to address the farm crisis The farmers’ protests in Madhya Pradesh (MP) and Maharashtra indicate that all is not well on the economic front, especially agriculture. If such unrest could happen in MP, which claims to have registered the fastest agri-GDP growth at 9.7 per cent per year during...
More »Small or marginal farmers: Debt waiver tough call for Punjab -Vibhor Mohan
-The Times of India Chandigarh: Nearly three months after being sworn in, the Congress government in Punjab is still working on farm debt waiver, its key poll plank in the last assembly elections. But even as the government panel hopes to submit an interim report this week, independent experts point out that given the poor financial health of the state and the Centre in no mood to offer a bailout, the...
More »The loan-waiver mountain -Jayanta Roy Chowdhury
-The Telegraph New Delhi: If the Narendra Modi government caves in and grants a nationwide farm loan waiver, the tab could surge to a whopping Rs 3 lakh crore, dwarfing the UPA's initiative in 2008 that cost a little over Rs 52,000 crore. "We have warned that the exchequer will go bust if we grant a general amnesty on farm loans, which will cost over Rs 3 lakh crore," a senior finance...
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