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Do farmers disturb credit culture more than industry? -Prabhakar Kulkarni

-TheHoot.org Maharashtra’s farm daily Agrowon offered a counter to the SBI chief, the RBI governor, and English newspapers critical of the UP farm loan waiver. The Marathi agriculture daily Agrowon has criticized both the RBI governor Urjit Patel and State Bank of India’s Arundhati Bhattacharya  who have objected to the farm  loan waiver in Uttar Pradesh and similar demands elsewhere. The paper’s line is quite different from that of the mainstream English...

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Farm loan waivers a bad idea: RBI governor Urjit Patel

-The Times of India MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet. Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. "It undermines honest credit culture, it impacts credit...

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RBI chief hits out at farm loan waiver

-The Hindu ‘Time to build consensus on not making such poll promises’ Reserve Bank of India Governor Urjit Patel on Thursday stressed the need for building a national consensus on loan waiver schemes. Addressing a press conference here, he said this was needed so that promises such as loan waivers are not made during elections. “We need to create consensus so that such loan waiver promises are eschewed. Otherwise, sub-sovereign fiscal challenges in...

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It's the technology, stupid -Sunil Abraham

-The Hindu Business Line Eleven reasons why the Aadhaar is not just non-smart but also insecure Aadhaar is insecure because it is based on biometrics. Biometrics is surveillance technology, a necessity for any State. However, surveillance is much like salt in cooking: essential in tiny quantities, but counterproductive even if slightly in excess. Biometrics should be used for targeted surveillance, but this technology should not be used in e-governance for the following...

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Kolkata's 'barefoot' doc who treats poor, refugees for free -Indrani Dutta

-The Hindu British doctor started with a roadside clinic, was deported from Bangladesh and jailed in Bengal There was nothing on his wrinkled face or in his demeanour, to give an inkling of the remarkable life that he has led over the past four decades. Age has withered him, but has not broken the indomitable spirit of this octogenarian. Dressed carelessly, he stood with just a little stoop, talking affably, shaking hands with...

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