-Financial Express Farm loan waivers—of more than Rs 850 billion in FY18 and FY19, announced by various state governments—are the flavour of the season. This can affect credit offtake and induce further stress for banks and amount to another agrarian crisis. Farm sector NPAs accounted for 16% of banks’ advances under the priority sector lending in October 2018. Post the early waiver-announcements, credit growth in agriculture and allied activities has been...
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If you want to help farmers -Ashok Gulati & Prerna Terway
-The Indian Express Loan waivers are poll bait. What is needed is a structured and stable income support policy. The talk of the season on the farm front seems to be loan waivers. Farmer leaders are asking for it and those looking for power are ready to oblige. Newly elected chief ministers of Madhya Pradesh, Chhattisgarh and Rajasthan have all announced loan waivers within their promised time of 10 days. It...
More »Paddy yield down 15%, small farmers on the brink in Punjab -Perneet Singh & Parvesh Sharma
-The TribuneDebt trap worsens; Govt must step in, says BKU leaderMansa/ Sangrur: With paddy production recording a decline of 10 to 15 per cent owing to untimely rains, small and marginal farmers are staring at misery, clueless as to how they will repay debts.Farmers owning less than 5 acres of land and those cultivating land on lease are torn between meeting the needs of their families and repaying outstanding debts,...
More »No escaping the debt trap!
-The New Indian Express A new worrisome report released by the government-owned NABARD claims that 79 per cent of Telangana farmers are struggling to repay their loans on time. HYDERABAD: Every successive government has implemented scheme after scheme “to save” the debt-ridden farmer, yet none of them seem to have made any impact. A new worrisome report released by the government-owned NABARD claims that 79 per cent of Telangana farmers are struggling...
More »Total government liabilities rise to Rs 79.8 lakh crore in Q1: Finance Ministry report
-PTI NEW DELHI: Total liabilities of the government increased to Rs 79.8 lakh crore at end-June 2018 from Rs 77.98 lakh crore at end-March 2018, latest data on public debt showed Friday. Public debt accounted for 89.3 per cent of total outstanding liabilities at end-June 2018 with internal debt accounting for 83.0 per cent share. Nearly 24.9 per cent of the outstanding dated securities had a residual maturity of less than five years....
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