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Farm loan waiver is no solution for Indian agriculture

-Livemint.com In the case of repeated farm loan waivers, it makes sense for borrowers to default strategically Hope: The Narendra Modi government says it wants to double farm income by 2022 through the transformation of Indian agriculture. Reality: The political discourse continues to focus perversely on farm loan waivers. Here are some recent instances. The new Bharatiya Janata Party government in Uttar Pradesh is considering a farm loan waiver as promised in its election...

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Arun Jaitley rules out help for farm loan waivers to states; Yogi Adityanath, Devendra Fadnavis in a spot

-Firstpost.com Putting state governments that promised loan waivers for farmers in difficulty, Finance Minister Arun Jaitley on Thursday ruled out such waivers by the Centre insisting states can utilise their own resources in this regard. He clarified that the Centre will not adopt a selective approach by helping one state and not the others. The move is likely to put even BJP governments, including Devendra Fadnavis administration in Maharashtra and the newly...

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In villages where it flows, SYL canal matters less than jobs -Jagdeep Singh Deep

-The Indian Express The Congress for its part has claimed that it was the one that “saved” Punjab’s water as it had cancelled the SYL agreement with Haryana during its 2002-2007 term in office, when Amarinder Singh was chief minister. Kapoori (Patiala): When Harinder Harry discusss the elections in Punjab, he talks about unemployment, drugs and several other issues, but makes no mention of the one thing that his village is famous...

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In Punjab, politics over border evacuation -Vikas Vasudeva

-The Hindu ‘When there are no signs of war why uproot poor farmers when crops are ready for harvest?’ The Congress and the Aam Aadmi Party have severely criticised the Union and Punjab government for evacuating the border villages in the State without proper arrangements. They accuse the government of spreading panic among people. Punjab Congress president Amarinder Singh said on Sunday that the Union government was creating war hysteria and tension along...

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Farm-loan waiver: A political masterstroke, but economically not prudent -Sanjeeb Mukherjee, Amit Agnihotri & Archis Mohan

-Business Standard The efficacy of farm debt waivers is ambiguous, but it has proved to be a potent potent weapon in the run-up to elections With elections round the corner in agrarian states of Uttar Pradesh and Punjab, Congress vice president Rahul Gandhi, his party’s Punjab chief ministerial candidate Amarinder Singh and Aam Aadmi Party (AAP) chief Arvind Kejriwal are trying to woo farmers of the two states with promises of farm...

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