-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...
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Economists should try farming before opposing loan waiver: Chidambaram
-The Hindu Bengaluru: Former Finance Minister P. Chidambaram on Friday said farm loan waiver is “imperative” given the agrarian crisis in the country and the economists critical of the scheme should do farming on two acres of land for 10 years before commenting on it. “Economists who are criticising farm loan waiver must experience what farming is in this country. Take two acres of land and do farming for 10 years and...
More »Government eyeing quick fix for farm sector -Nistula Hebbar
-The Hindu Election jolt makes party look at ways to boost rural income; BJP chief commissions survey The defeat in the Assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh has made the government go back to the drawing board over the issue of rural distress, and some measures to bolster incomes in the countryside may be announced by the end of the winter session of Parliament. While the problems plaguing the agriculture sector...
More »Open season for farm loan waivers
-The Telegraph In the long term, the only real solution to rural distress is to shift labour to more productive segments of the economy It has turned into an open season for farm loan waivers. Less than a week after assuming office, Congress governments in Rajasthan, Madhya Pradesh and Chhattisgarh have announced the waiver of crop loans up to two lakh rupees per farmer. The Congress president, Rahul Gandhi, has thrown down...
More »The political economy of the persistent agrarian crisis -Himanshu
-Livemint.com Loan waivers and the promise to raise MSP cannot solve the problem The victory of Congress party in the recent assembly elections of Chhattisgarh, Madhya Pradesh and Rajasthan has brought the agrarian crisis in rural areas to the centre of political debate. While there are several factors in election victories, the severity of the agrarian unrest was surely a major factor. While there is consensus that the incumbent Bharatiya Janata Party...
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