-Livemint.com Doling out farm Loan Waivers without addressing rural distress is just kicking the can down the road and playing into the hands of the moral hazard brigade Last week, farmers agitating for better prices for their produce of onions and pulses—prices for both of which have witnessed a steep fall in recent months—in Mandsaur district of western Madhya Pradesh turned violent. Coming in the backdrop of a similar agitation by farmers in...
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Why Loan Waivers won't fix India's agriculture woes -Milind Murugkar
-The Economic Times Yogi Adityanath’s government in Uttar Pradesh opened a Pandora’s box of Loan Waivers and there seems to be no stopping it. The BJP, perceived by many as a reformist party committed to addressing chronic structural issues, is taking populism to new heights. Loan Waivers could prove to be a huge drain for the exchequer and might deal a blow to the creation of much-needed infrastructure in agriculture. The chief...
More »Maharashtra farmer laon: 1.36 crore farmers have a total loan of Rs 1.14 lakh crore -Shubhangi Khapre
-The Indian Express Finance Minister Sudhir Mungantiwar says Maharashtra is a huge state and there are ways to raise the funds Mumbai: The Maharashtra government will have to provide Rs 1.14 lakh crore to write off the entire loan burden of all 1.36 crore farmers in Maharashtra, stoking concerns given the state’s debt burden of Rs 4 lakh crore. Highly placed sources said the state budget for 2017-18 was Rs 2.57 lakh...
More »The loan-waiver mountain -Jayanta Roy Chowdhury
-The Telegraph New Delhi: If the Narendra Modi government caves in and grants a nationwide farm Loan Waiver, the tab could surge to a whopping Rs 3 lakh crore, dwarfing the UPA's initiative in 2008 that cost a little over Rs 52,000 crore. "We have warned that the exchequer will go bust if we grant a general amnesty on farm loans, which will cost over Rs 3 lakh crore," a senior finance...
More »The Indian Farmer is Protesting About Much More Than Loan Waivers -Gopalkrishna Gandhi
-TheWire.in It is about agriculture’s place in the life our country, equity’s place in the life of our agriculture, and farmers’ place in the world of equity. P. Sainath has to be crazy. Or all those who read him, hear him and do nothing about what he is writing, saying, doing, have to be crazy. He says of the Indian drought : ‘Drought horribly exacerbates misery. It adds cruelly to the crisis. It is...
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