-The Hindu Business Line The solution lies in better prices for produce, generating non-farm income, and reducing costs of farming After the Yogi Adityanath government waived farm loans of about ?36,000 crore for UP farmers, pressure has mounted on other States to follow suit. But contrary to common belief, debt waivers aside from possibly guaranteeing electoral victory, do little to alleviate the plight of farmers. Neither do they help kick-start the rural...

-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...

-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...

-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...

-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...