How will farm loan waivers impact the Indian economy?4 min read 08 Aug 2017, 02:37 PM IST
Farm loan waivers will strain the finances of states, and harm both farmers and banks over the long run
In its policy statement released last week, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good money after bad, and stoke inflation.
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