Loan Waiver News
Microfinance player urges govt to curb rumours about loan waivers amid COVID-19
A microfinance player charged that some fraudulent elements are spreading rumours about loan waivers amid the coronavirus pandemic and urged the government to take action against them
1 min read6 Sep 2020With new Maharashtra offer, farm loan waiver touch ₹4.7 trillion in last 10 years
In FY19, farm loan NPAs jumped to 12.4% or at 1.1 trillion of the ₹8,79,000 crore of total bad loans in the system, up from ₹48,800 crore or 8.6% of the total NPAs of ₹5,6,6,620 crore in FY16
2 min read12 Jan 2020Farm distress back in focus as voters remain divided over loan waiver promise
Voters from constituencies like Ujjain, Indore, Dewas and Dhar, which go to polls in the last phase, are split over the loan waiver promiseCongress had promised to write off farm loans of up to ₹2 lakh within 10 days of coming to power
3 min read14 May 2019PIL against loan waivers in election manifestos filed in SC
The petition in the apex court will come up for hearing on Monday before Justice S. A BopdeIt comes in the backdrop of the ongoing 17th Lok Sabha elections wherein farm distress is one of the major issues confronting the Narendra Modi government
2 min read19 Apr 2019Loan waivers will not help farmers in the long-term: Vice President Venkaiah Naidu
Naidu said that waiving off loans will not help farmers in the long-term as it is a temporary solution to their inability to repay debtNaidu’s statement comes after the Congress party last week promised to waive off farmers loans as one of the measures to resolve the agrarian distress
1 min read12 Apr 2019Normal monsoon, farm loan waivers to rain good times for tractors
A normal monsoon this year may fuel demand for FY20 by at least 6-8%, translating into 12-14% CAGR between FY17 and FY20Historically, a growth cycle that lasts 3-4 years is a result of good monsoon, alongside measures such as farm loan waivers
1 min read28 Mar 2019Farm loan waivers kill credit culture, says Raghuram Rajan
Several state governments have announced loan waivers for farmersRaghuram Rajan said loan waivers cover only those farmers who have taken loans from the formal system
2 min read26 Mar 2019Opinion | Look beyond unconditional transfers for social security
A binding national minimum wage is the first step in addressing hopes and aspirations
4 min read18 Mar 2019Opinion | Will Govt’s latest scheme of income transfer help resolve agrarian crisis?
The focus on short-term relief has also eclipsed the real issues that have caused the crisis
3 min read25 Feb 2019Farm income scheme better alternative to loan waivers, MSP: CEA
The CEA also rejects opposition criticism that the DIS of ₹6,000 annually for small farmers translates to a meagre ₹17 a dayCongress President Rahul Gandhi has now pledged to bring one such scheme across the country if his party is voted to power
4 min read5 Feb 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared