Governments should think beyond loan waivers, farmers need support in form of infra, power supply: VP Venkaiah Naidu
M Venkaiah Naidu suggested top priority and coordinated action by both the Centre and the states to bring in reforms.
The farmers, riding tractors and trolleys, broke barricades of the UP Police and then started proceeding towards the barricades put up by the Delhi Police, a senior police officer said.
In order to generate revenue for the massive loan waiver, the State has decided to increase excise duty on both fuel and alcohol, apart from the raise in road tax.
The budget proposes a hike in power tax from 6% to 9%. Petrol prices will increase by Rs 1.14 and diesel by Rs 1.12 per litre. H D Kumaraswamy announced farm loan waivers up to Rs 2 lakh too.
Opposition to corner Fadnavis government on Nanar refinery, farm loan waiver at Maharashtra Assembly's monsoon session
The opposition Congress and NCP have been critical of the Ahmedabad-Mumbai bullet train project, and are planning to corner the government over it during the session, which will conclude on July 20.
Kumaraswamy appealed to the agrarian community not to be bothered over the speculations regarding farm loan waiver.
Addressing an election meeting at Kalagi town of Chincholi constituency, Rahul Gandhi alleged that Modi government failed to protect the interest of the farmers.
The Shiv Sena is part of the BJP-led ruling coalition, while the Congress and the Sharad Pawar-led NCP are the main opposition parties.
Jaitley told the Lok Sabha that writing off a loan was a commercial decision of banks and added that there has been no scheme of farm loan waiver by the Centre since 2014.
HDFC Bank Ltd had recorded higher provisions driven by delinquencies in its agriculture loan book over the first quarter.
The government will adopt a digital platform to transfer the money to the farmers to ensure that there would is no misuse of the money that has to be transferred to them.
Policies like farm loan waivers are impacting asset quality of the agricultural sector and is also expected to affect state finances adversely, says a report.
The Karnataka government on Wednesday announced a waiver of short-term farm loans taken from cooperative banks and have been pending till June 20.
Finance Minister Arun Jaitley today ruled out any waiver of farm loans and said the Centre will adhere to fiscal targets.