Farm Loan Waivers News

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

A binding national minimum wage is the first step in addressing hopes and aspirations

India Ratings expects the states' revenue account on aggregate to clock a deficit of 0.5 percent of GDP in FY20 The agency has, however, maintained a stable outlook on the finances of the states for FY20

Beyond asset quality, DCB Bank reported Q3 profit in line with estimates, as well as a healthy core income growth of 17%

Unlike farm loan waivers, universal basic income does not impair credit culture and, unlike farmer-specific transfers, does not seek to tie down people to farming

ADB India director Kenichi Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages

Area under irrigation in the state is around 3.1 million ha in 2016-17, which is below 30% of total farm areaKarnataka has pumped in funds for the development of mega projects whilst neglecting traditional methods that researchers and experts say are a better bet

Amid rising income inequality, India has seen the highest increase in share of people who think incomes must be made more equal in the country, shows data

Economic theory suggests that waiving debts via plans like ADWDRS will not solve the problem

Lenders are not only wary of giving out farm loans, but are also unable to keep a lid on delinquencies. Much of this could be attributed to concerns stemming from potential waivers by governments