-The Times of India Chandigarh: Nearly three months after being sworn in, the Congress government in Punjab is still working on farm debt waiver, its key poll plank in the last assembly elections. But even as the government panel hopes to submit an interim report this week, independent experts point out that given the poor financial health of the state and the Centre in no mood to offer a bailout, the...
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Maharastra farm loan waiver: Panel for blanket waiver in suicide-hit Vidarbha, Marathwada -Nanda Kasabe
-The Financial Express Pune: Prominent farm activist and current chairman of the special task force constituted by the government of Maharashtra on agrarian crisis, Kishore Tiwari, has urged CM Devendra Fadnavis to cover all the farmers of the 14 distressed districts of Vidarbha and Marathwada in the blanket loan waiver announced on Sunday without any conditions. Welcoming the loan waiver announced by the government, Tiwari said farmers in the distressed districts...
More »The crops of wrath -Harish Damodaran
-The Indian Express Demonetisation may not have hit agriculture production but it is the cause for the current unrest When demonetisation happened, many, including this writer, thought the decision, taken at the start of rabi plantings in November, would significantly impact farm production. We were proved wrong. Good monsoon rains, after successive drought years, besides the timely onset of winter conducive to germination, turned out to be strong motivations for farmers...
More »NDTV probe: Private banks fear debt resolution may be hit -Mayur Shetty
-The Times of India MUMBAI: Private sector bankers say that if NDTV's loan settlement with ICICI Bank is termed criminal, it could hit resolution of bad debts. The concerns follow the Central Bureau of Investigation (CBI) alleging that ICICI Bank officials may have caused wrongful gains to NDTV promoters by agreeing to cut the interest rate to settle the loan. "Settlement of any stressed loan involves some sacrifice by the banker. Often...
More »How demonetisation crippled bank lending -Paras Chakravarty
-Livemint.com Bank loans to rural India were the most affected, but other parts of the country also saw a deceleration in credit growth, RBI data shows It is, of course, well known that the growth of bank credit slowed in the second half of 2016-17 due to demonetisation. Reserve Bank of India (RBI) data shows that as on 30 September 2016, the annual rate of growth of bank credit was 12.1%. That...
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