Tag: loan waiver

Write-offs don’t lead to loan waiver, recoveries continue: Arun Jaitley

"The cash recovery target for PSBs for FY19 is Rs 1,81,034 crore. NPAs have peaked and declined by Rs 21,000 crore during quarter ending June over March," he said.

October 1, 2018

Punjab CM announces drives against drugs by involving students

Punjab Chief Minister Amarinder Singh on Wednesday announced special drives against the drug menace in the state by involving students, besides launching the second phase of a loan waiver scheme for farmers. Speaking during Independence Day celebrations organised at the Guru Nanak Stadium here, the Chief Minister launched ‘Tu Mera Buddy’ programme to take the …

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August 15, 2018

Farmers up in arms

In June 2017, farmers in Maharashtra organised an amazing movement. They decided to stop sending their produce to cities. As a result, an overwhelming majority of Agriculture Produce Marketing Cooperatives did not receive any produce. The state’s Chief Minister, Devendra Fadnavis, worked out a deal with the leaders of one section of farmers. The agreement …

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July 24, 2018

Form national panel on farm loan: Punjab CM to PM Modi

Punjab Chief Minister Amarinder Singh on Sunday urged Prime Minister Narendra Modi to constitute a Committee of the Union government and some CMs to formulate a blueprint of a National Debt Waiver Scheme for farmers in consultation with states. While underlining the importance of the Swaminathan Committee report to be accepted in totality, the CM, …

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June 17, 2018

Farming crisis: Centre can’t shirk responsibility, says Amarinder

Punjab Chief Minister Amarinder Singh on Saturday said the farming crisis has become a national crisis and the Centre can’t wash its hands off its responsibility towards farmers. Reacting to the Shiromani Akali Dal’s (SAD) president Sukhbir Singh Badal’s allegation that he was trying to pass the buck on farm loan waiver by asking the …

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May 19, 2018

Capt says relief highest, Oppn slams cheap politics

Even as the Punjab Chief Minister (CM) Amarinder Singh on Thursday handed over the third installment of farm debt waiver certificates to eligible farmers, the Opposition parties accused the Congress government of playing “cheap politics” over the issue and insulting farmers in the name of a loan waiver. The leader of Opposition and Aam Aadmi …

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April 5, 2018

SAD protests to demand full loan waiver

Shiromani Akali Dal (SAD) on Tuesday held a protest against the Congress government’s failure to implement the Rs 90,OOO Crore loan waiver promise. “We demand implementation of a complete Rs 90,000 crore loan waiver of all farmers including loans from nationalized and cooperative banks as well as private money lenders. This loan waiver scheme should …

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March 20, 2018

Punjab farm loans: Bank NPAs increase

Punjab government’s promise for farm loan waiver continued to hit repayment of agriculture loans with non-performing assets (NPAs) of banks in the agriculture sector increasing by Rs 277 crore to Rs 6,611 crore in last quarter (October-December). As per the latest figures with the State Level Bankers Committee (SLBC), which held its 143rd meeting on …

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February 15, 2018

Punjab farmer unions to corner Cong govt

Miffed over the Punjab government’s failure to provide total farm loan waiver, farmer unions in the state have decided to corner the ruling Congress in forthcoming budget session in Assembly next month. As a state wide protest was held on Wednesday by blocking state and national highways, the agitating farmers said on Thursday that they …

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February 8, 2018

Clear stand on farm loan waiver: Congress

Punjab Congress dares Shiromani Akali Dal (SAD) to come clean on their stand over waiving of farmers’ debts on Friday. Punjab Congress chief Sunil Jakhar accused the SAD for failing on loan waiver during their ten-year rule. He questioned the Akalis that what prevented them from waiving off the debts during ten-year regime in the …

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January 13, 2018

‘Give total farm loan waiver’

The Shiromani Akali Dal (SAD) and Bharatiya Janata Party (BJP) on Friday demanded complete loan waiver for all farmers including labourers and Dalits. A SAD-BJP delegation urged Punjab governor VP Singh Badnore to direct the Congress led state government to implement a complete Rs 90,000 Crore farm loan waiver for all farmers. The delegation also …

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January 13, 2018

CM clears loan waiver for 1.15 lakh more farmers

Three days after the launch of Punjab government’s much awaited farm loan waiver scheme, Punjab Chief Minister (CM) Amarinder Singh on Wednesday cleared 1.15 lakh more cases for debt waiver amounting to Rs 580 Crore, to be disbursed to farmers across the state before January 31. Earlier on Sunday, the CM had launched the waiver …

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January 10, 2018

Punjab to launch farm debt waiver today

Punjab government’s much awaited farm loan waiver scheme will be launched on Sunday with over 46,000 farmers in five districts set to receive first installment of the debt relief scheme. Punjab Chief Minister (CM) Amarinder Singh will on Sunday formally launch the farm debt waiver scheme from Mansa district. The other districts being covered under …

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January 6, 2018

Former RBI head warned against loan waiver promises by parties

An ex-Governor of the Reserve Bank of India (RBI) had pointed to the risks in the practice of political parties promising loan waivers during poll campaigns to the Election Commission, Parliament was informed on Friday. In a written reply submitted to the Lok Sabha during Question Hour, Finance Minister Arun Jaitley said that as a …

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January 6, 2018

Maharashtra farm loan waiver: Congress demands probe into ‘ghost accounts’

Terming it a scam, the Congress on Tuesday asked whether Maharashtra Chief Minister Devendra Fadnavis will order an impartial judicial probe into the 22 lakh “ghost accounts” as claimed by his government, out of 89 lakh beneficiaries meant for farm loan waiver. “The Maharashtra Chief Minister and his government has claimed that about 22 lakh …

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December 6, 2017

No farm loan waiver in Uttarakhand: Chief Minister

Uttarakhand Chief Minister Trivendra Singh Rawat on Friday said the state was not in a position to waive farmers’ loans but plans to instead provide soft loans to them. “We cannot afford to waive farmers loans in the state,” Rawat told reporters here while addressing a press conference to highlight the work of his government …

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November 3, 2017

BJP MP flays Maha govt over loan waiver scheme for farmers

The BJP’s Lok Sabha member, Nana Patole, has criticised the party-led government in Maharashtra over the tardy implementation of the loan waiver scheme for farmers. Saying that farmers’ suicides are still on the rise despite the announcement of the debt write-off, Patole, Lok Sabha member from Bhandara Gondia seat, said the government is “insensitive” towards …

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August 18, 2017