This refers to the editorial “Bad timing”. Not only is the timing bad but even this decision is bad — on state finances as well as overall credit discipline. Telangana, Andhra Pradesh, Uttar Pradesh and Maharashtra have waived off farm loans to the tune of Rs 100,000 crore. It is a very wrong precedence. Not long back State Bank of India Chairman Arundhati Bhattacharya had said if such a waiver were granted it would disrupt the credit discipline among farmers across the country.
I agree with your concerns that states finances are any how in a bad shape and this burden will further drag them down. The Seventh
I agree with your concerns that states finances are any how in a bad shape and this burden will further drag them down. The Seventh
