-TheWire.in Why is Rs 1.84 lakh crore a "frightening challenge" for Banks, but Rs 10.17 lakh crores not? The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments of Chhattisgarh, Madhya Pradesh, and Rajasthan. This was followed up by similar announcements from BJP-ruled Gujarat and Assam. Rahul Gandhi even went onto to demand a nation-wide farm loan waiver from...
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Farmers package in the works: Income support scheme and interest-free loans -George Mathew & Sunny Verma
-The Indian Express As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring market prices for their produce. Mumbai: The NDA government is considering a package of proposals for the distressed agriculture sector that includes interest-free loans, loans without collateral...
More »10 per cent quota: Pool of jobs in govt, Banks shrinking steadily -Aanchal Magazine & Anil Sasi
-The Indian Express The latest data compiled by the Department of Personnel and Training (DoPT) on recruitment over the last three years through the main agencies show a declining trend in selection and recruitment, from 1,13,524 cumulatively in FY2015 to 1,00,933 in FY2017. New Delhi: In terms of employment prospects, beneficiaries of the 10 per cent reservation for economically weaker sections in the general category, which was passed in Parliament last week,...
More »Karnataka may weed out 7 lakh farm loans from waiver scheme -Sharath S Srivatsa
-The Hindu In case of loan in both cooperative and commercial Banks, the former qualifies for waiver Bengaluru: The intensive de-duplication work to identity farmers eligible for loan waiver is expected to identify at least 7 lakh people who have loans in both cooperative sector and commercial Banks, resulting in saving of at least Rs.6,000 crore to the State exchequer. A farmer will be eligible for loan waiver from one of the...
More »MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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