-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...
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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 »Kamal Nath waives farm loans up to Rs. 2 lakh after assuming office as MP Chief Minister
-PTI Congress had promised during the poll campaign that if it wins, it would implement farmers’ loan waiver within 10 days of coming to power. Bhopal: Loans up to Rs. 2 lakh of Madhya Pradesh farmers will be waived, with Kamal Nath on Monday signing a file to this effect soon after he was sworn in as the State’s 18th Chief Minister on December 17. After Mr. Nath signed the file, Principal Secretary...
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...
More »Agrarian distress: Income support to farmers better option than loan waivers -Soumya Kanti Ghosh
-Financial Express Income support for farm households may be a worse solution than freeing up agri trade and marketing, but it should work much better than loan waivers. When the new MSP regime was implemented in July, one of the common fears in the market was that the hikes would stoke inflation fears. Four months down the line, not only does this fear seems to have subsided, but serious concerns are now...
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