In a copycat move to appropriate populism as indulged in by Bhartiya Janata Party (BJP)-run states, Karnataka Chief Minister Siddaramaiah has made a decision to waive loans given to farmers up to Rs 50000, reports Media Report. Farmers who have borrowed loans from the government and cooperative banks until June 20, 2017 will benefit from this scheme. Karnataka's farm loan waiver, which will give much needed relief to an estimated 22 lakh farmers, did not however win the approval of SBI Research economists who said that the past farm loan waiver had resulted in worsening of repayments on future loans.
Further stating that the state government is strongly "pro-farmer", the Chief Minister stated that Karnataka is the first state in country to transfer input subsidies directly to bank accounts of farmers.
Canada contributes $86M more to assist South Sudan famine, civil war crisis
The figures are based on the agency's own data and on numbers reported by governments and non-governmental organizations. While the UNHCR's annual count marked a new high, the flow slowed for the first time in several years in 2016.
While talking on the floor of the house, Siddaramaiah throws a challenge to the BJP to persuade the Central government to waive off the rest of the loans in the nationalized banks.
Karnataka is the third state to announce waiver after Uttar Pradesh, Maharashtra and Punjab. Rahul has also sounded out state Congress leaders to prepare for early elections, possibly in December, to reap the goodwill that is expected to be generated among farmers with the loan waiver. Both states have announced farm loan waivers.
The Chief Minister and Congress MLAs also chided BJP over the Centre being non-committal on the issue.
White House discussing moving Spicer to senior communications role
Deputy Press Secretary Sarah Huckabee Sanders will brief reporters from now on as the White House looks for a replacement. With the upcoming changes, Spicer will assume a supervisory role over both the press and communications offices.
There have been demands from various quarters, including Opposition parties to write off loans after a severe drought hit over 160 taluks in the state. We have been fighting for the farmers' cause since last two years but the government is not bothered about addressing their grievances. One of the condition was that farmers with four wheelers will not be eligible for the advance loan, This norm has been revised and to say that farmers own who any vehicle up to Rs 10 lakh will be eligible for this instalment.
"We have waived co-operative farm loans".
NYT, CNN sue Federal Bureau of Investigation to get notes of Comey-Trump talks
Thursday, Trump griped he was receiving unfair treatment from investigators compared with his election opponent, Hillary Clinton. Trump's tweet deepens the potential conflict by asserting that Comey's firing was Rosenstein's idea, Feldman says.