-The Hindu When will the government operationalise the Lokpal law, even in its diluted form? In a hearing recently regarding non-operationalisation of the Lokpal and Lokayuktas Act, more than three years after the law was enacted, Attorney General Mukul Rohatgi reportedly argued in the Supreme Court that the court has no powers to direct the government on when and how the law should be enforced. Failure to implement the Lokpal law by the...
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Will farm loan waivers hurt the finances of Tamil Nadu and Uttar Pradesh? -Sruthisagar Yamunan
-Scroll.in While officials say waivers could jeopardise allocation for other key sectors, farmer unions and economists feel it is a necessity given the farming crisis. Developments in three states over the past week have brought the debate on the waiver of farm loans back under the political spotlight. In Uttar Pradesh, the newly-elected Bharatiya Janata Party government under Chief Minister Adityanath announced on Wednesday that it would write-off crop loans of up...
More »RBI chief hits out at farm loan waiver
-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...
More »In largesse we trust
-The Hindu Two separate decisions on farm loan waivers could have a domino effect Chairing his first cabinet meeting after taking over the reins in Uttar Pradesh, Chief Minister Yogi Adityanath approved a write-off on outstanding farmer loans of up to Rs. 1 lakh taken before March 31, 2016. The State cabinet also decided to waive loans worth Rs. 6,000 crore extended to small and marginal farmers that had turned into non-performing...
More »Job creation is a major challenge before the govt.
Promises are made to be broken. In its 2014 Lok Sabha election manifesto, the Bharatiya Janata Party (BJP) made the promise that if it is elected to the Centre, it will then accord a high priority to job creation and opportunities for entrepreneurship, among other things. But latest data on unemployment shared by the BJP MP Shri Bandaru Dattatreya in written form while replying to an unstarred question in the...
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