Maharashtra government announces loan waiver

Maharashtra government announces loan waiver”

Rural experts have long urged the government to build more roads and markets closer to villages and storage facilities that will make it possible for them to sell produce at better prices when there is a bumper crop instead of resorting to distress sales as has happened this year.

"There is a strong pro-consumer bias in the system", said agriculture economist Ashok Gulati at the Indian Council for Research on International Economic Relations in New Delhi.

"More importantly, as these schemes seem to have yielded electoral gains, similar announcements could be made in other states as well". That is what the government does not want. He said in a tweet that those "politicising" the issue were not concerned about the welfare of farmers.

Jaitley's statement asking the states to arrange for their own funds to waive farmer loans comes at a time when at least three BJP-ruled states - Maharashtra, Madhya Pradesh and Uttar Pradesh - are considering the move. "Our members have already started staging protests outside offices of district authorities in Haryana", senior leader, Dharmendra Malik, said by phone from Muzaffarnagar in Uttar Pradesh. "Those who are politicising it can not do good to either the country or farmers", Singh tweeted. "If this government does not live up to its promises by 25 July, then we will call a strike from 26 July", he said. MSPs are announced at the beginning of sowing season for certain crops on the recommendation by the Commission for Agricultural Costs and Prices (CACP) and announced by the Cabinet Committee on Economic Affairs (CCEA) chaired by the prime minister.

Police had said suicides by all the four farmers were due to non-payment of loans from banks and private money lenders.

Still, farmers such as Sanjay Shinde from Maharashtra's Nashik district are unhappy. At present, only paddy, wheat and sugarcane get the right MSP. "That's how one can bring down the inventory level of food grains", says Nitin Kalantri, a miller at Latur in Maharashtra.

The Maharashtra government has said that it will form a committee to decide the criteria to waive off the loans.

It was moral victory for farmers who had gone on strike last week in support of their demands that included loan waiver, pension and free power.

Panjab Singh, President of the agri think tank - the National Academy of Agriculture Sciences - said the ongoing farmers protests could be politically motivated. "While there may be a political aspect to farmers' protests too, rising agri debt when agri income growth is slowing is likely a supporting factor". "The mechanism for the same will be worked out with the help of the committee", he said.

Like this



12 April 2018
New Jersey Looking Towards Sports Betting
New Jersey has demonstrated recently that financial returns from legalising gambling, in particular online gambling can be huge . As of April 2018 New Jersey have spent a massive $7.2M dollars in the fight to legalise sports betting within the state borders.

11 April 2018
England All-rounder David Willey Replaces Kedar Jadhav
He has two centuries and seven half centuries to his name, which have come while playing in various T20 leagues across the world. With an experience of more than 140 T20 matches, David will prove out to be the Trump Card of Chennai Super Kings this season.

14 June 2017
Democratic Unionists in Northern Ireland become election key
A United Kingdom general election resulted in a hung parliament , meaning neither of the two main parties could form a majority. Spokesperson for the Office of the British Prime Minister (10 Downing Street ) said that Brexit talks will go ahead as planned.

14 June 2017
Top Trump aide exits as wider White House overhaul expected
Trump's first official tour overseas took him to Saudi Arabia, Israeli-occupied territories, Belgium and Italy. Spicer spent a few days working at the Pentagon as the rumors circulated, as part of his U.S.

14 June 2017
Trump calls House healthcare bill 'mean' during closed-door meeting with senators ‒ report
The CBO also determined that healthcare costs for older Americans and people with pre-existing conditions would increase. One said, "We aren't going to comment on rumors about private conversations that may or may not have happened".

13 June 2017
Nadal up, Djokovic down in ATP charts
The tournament honoured its greatest champion with a video montage showing highlights of all Nadal's 10 titles. Since 1877, Nadal is the only tennis star who has won at least one Grand Slam title for 10 consecutive years.

13 June 2017
How to Sign Up for iOS 11 Public Beta
This year, the company is up to iOS 11 and explained numerous new features during its developers keynote presentation Monday. All the 32-bit devices, and the last to debut with a 32-bit processor, which means that iOS 11 will be a 64-bit-only affair.

11 June 2017
Trump says British election results 'surprising'
Exports of goods and services account for about 27 percent of the British economy, with nearly half of exports going to the EU. British politicians, including within May's own party, differ widely on what they want from the Brexit negotiating process.

10 June 2017
Warriors One Game away from NBA Title
As such, it would be hypocritical for him to call Durant-to-the-Warriors an "unfair" advantage in the league. "So it's been fun". The Warriors finished with an 11-0 run to steal the victory and all but assure themselves of taking Cleveland's title.

10 June 2017
Trump's lawyer to file complaint about Comey leaking memos
Trump's Twitter account had been quiet throughout Comey's testimony accusing the administration of spreading "lies". Trump asked, though he went on to say such a request wouldn't have been inappropriate.