Loan Waivers

Loan Waivers News

Head-on | How Centre's 'soft' approach encourages Rakesh Tikait to push his incendiary agenda
Politics

Head-on | How Centre's 'soft' approach encourages Rakesh Tikait to push his incendiary agenda

The attempt to weaponise the movement by politically affiliated farmers’ union leaders ahead of the 2022 UP Assembly election will continue as long as the government and the Supreme Court remain silent spectators

BJP MP Janardan Mishra says anyone trying to recover loans from Madhya Pradesh farmers 'will be strangulated and their hands will be broken'
Politics

BJP MP Janardan Mishra says anyone trying to recover loans from Madhya Pradesh farmers 'will be strangulated and their hands will be broken'

Speaking at the party's 'Kisan Aakrosh Aandolan' in Rewa, the MP accused the state government of working against farmers

Maharashtra polls: Yavatmal's Adivasi farmers 'prepared to fight' as govt's promise to fix land rights issue falls flat
India

Maharashtra polls: Yavatmal's Adivasi farmers 'prepared to fight' as govt's promise to fix land rights issue falls flat

Around 30,000 farmers from various parts of the state, including Yavatmal in Vidarbha, covered a distance of 180 kilometres from Nashik to Mumbai on foot, with the aim to gherao the Legislative Assembly building and press their demand for the full implementation of FRA, and also of the loan waiver the government had promised in 2017

Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors
Business

Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors

The PMC Bank episode compares in scale (with an approximate exposure of Rs 6,500 crore) with the Rs 7,855-crore Satyam Computer Services scandal, which has been dubbed as India's biggest accounting fraud.

Agricultural crisis: Why BJP's poll promise of doubling farmers’ income by 2022 is a lofty ambition
Business

Agricultural crisis: Why BJP's poll promise of doubling farmers’ income by 2022 is a lofty ambition

Doubling farmers’ inflation-adjusted income from the current levels, say in six years, will be possible if the government acts in mission mode.

Farm loan waivers kill credit culture, need to focus on agri distress resolution: Former RBI governor Raghuram Rajan
Business

Farm loan waivers kill credit culture, need to focus on agri distress resolution: Former RBI governor Raghuram Rajan

Loan waivers cover only those farmers who have taken loans from the formal system, Raghuram Rajan said

Firstpost Editor's Picks: India-Pakistan tensions, Real Madrid out for revenge, loan waiver; today's must-read stories
India

Firstpost Editor's Picks: India-Pakistan tensions, Real Madrid out for revenge, loan waiver; today's must-read stories

So, for the most part, looking back over last week’s fast developing news, we don’t know so many things about the air strikes, much like the surgical strike in 2016. The first confusion was over where Balakot was located, since there are two places with that name — one along the Indian Line of Control.

'Nobody can make authentic statement on job creation as there are no reliable data', says SBI Chairman
Business

'Nobody can make authentic statement on job creation as there are no reliable data', says SBI Chairman

Jobs in the manufacturing sector has seen a reduction due to use of technology and there was a lot of 'disguised unemployment.

'Govt luring farmers with peanuts': Union Budget allocation gets lukewarm response from agrarian sector
India

'Govt luring farmers with peanuts': Union Budget allocation gets lukewarm response from agrarian sector

Several farmers said after Finance Minister Piyush Goyal finished presenting this government’s last budget that it had not swayed them to vote for Narendra Modi’s BJP.

Inflation in 2018: Data shows price rise within comfort zone, but farmers hit due to low prices for agri produce
Business

Inflation in 2018: Data shows price rise within comfort zone, but farmers hit due to low prices for agri produce

The latest data puts retail inflation for November at the year's lowest level of 2.33%, mainly due to low prices of food articles, coupled with deflation in some agricultural products—which is a good news for consumers as well as the government and the RBI.

Rural distress: Loan waiver is no panacea; govt should dilute monopoly of APMCs for marketing of agricultural produce
Business

Rural distress: Loan waiver is no panacea; govt should dilute monopoly of APMCs for marketing of agricultural produce

Statutorily imposed marketing rigidities in agricultural commodities and other farm produce erect another impediment in the growth of rural sectors

Farm distress: Govt addressing issues through piecemeal measures; need to integrate all schemes to make sector more resilient
Business

Farm distress: Govt addressing issues through piecemeal measures; need to integrate all schemes to make sector more resilient

It is clear that we are not really looking for a permanent solution and addressing the problem through piecemeal measures that have a good announcement impact.

Agrarian crisis: Bias against agriculture needs to go for revival; higher investment, change in attitude towards sector a must
India

Agrarian crisis: Bias against agriculture needs to go for revival; higher investment, change in attitude towards sector a must

More attention to agriculture by way of higher investment and positive attitudinal changes, therefore, may actually bring about better economic dividends and put India into a higher development trajectory like other Asian nations. The sooner this is realised, the better it would be to revitalise agriculture and rural economy.

Telangana Assembly Election 2018: Failure of TRS govt to fulfil many of its 2014 promises likely to impact results
India

Telangana Assembly Election 2018: Failure of TRS govt to fulfil many of its 2014 promises likely to impact results

Telangana's caretaker chief minister K Chandrashekhar Rao (KCR) told the Assembly in March that the state's debts stood at Rs 1.42 trillion.

Kisan Kranti Yatra: Farmers' march turns violent at Delhi-Uttar Pradesh border, police use tear gas to disperse protesters
Photos

Kisan Kranti Yatra: Farmers' march turns violent at Delhi-Uttar Pradesh border, police use tear gas to disperse protesters

Farmers were stopped near UP-Delhi border and police used water cannons to disperse protesters after a few farmers broke the barricades.

Arun Jaitley defends loan write-offs; says they don't lead to waivers, recovery still pursued
Business

Arun Jaitley defends loan write-offs; says they don't lead to waivers, recovery still pursued

Jaitley, however, defended loan write-offs, saying these were done for “tax benefit and capital optimisation”.

Arun Jaitley hits out at Raghuram Rajan saying postmortem easier than taking action when required
Business

Arun Jaitley hits out at Raghuram Rajan saying postmortem easier than taking action when required

Rajan, who had as the chief economist at IMF warned of impending financial crisis of 2008, in a note to a parliamentary committee warned against ambitious credit targets and loan waivers, saying that they could be the sources of next banking crisis.

The Great Indian NPA Mess: How MUDRA scheme, Kisan credit cards could pose the next round of risk for banking sector
Business

The Great Indian NPA Mess: How MUDRA scheme, Kisan credit cards could pose the next round of risk for banking sector

The loans extended under the government’s MUDRA scheme and Kisan Credit Cards pose a potential credit risk. These growing liabilities need to be examined with greater urgency.

Rupee nearing 73-mark: Here are five ways Narendra Modi govt can arrest the sharp currency depreciation against US dollar
Business

Rupee nearing 73-mark: Here are five ways Narendra Modi govt can arrest the sharp currency depreciation against US dollar

Whenever a government gets very strong at the Centre – that is when it enjoys an absolute majority after the results of general elections are announced, economic growth invariably suffers

'How much does he know?': Arun Jaitley slams Rahul Gandhi's Mandsaur speech in Facebook post
Politics

'How much does he know?': Arun Jaitley slams Rahul Gandhi's Mandsaur speech in Facebook post

Union minister Arun Jaitley on Wednesday accused Congress President Rahul Gandhi of making "completely false" remarks at a rally in poll-bound Madhya Pradesh and said the Modi government has not waived a single rupee due from any industrialist.