B2) View – counterview:
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‘Farm loan waiver is no solution for Indian agriculture.’
A big challenge for the Maharashtra Government
The government’s spending power decreases
Will impact credit discipline
Farmer suicide
Such schemes reap electoral benefits
Increases the deficit
Farmers get encouraged to default.
Answers
Congress chief Rahul Gandhi has been pressing the government on the issue, saying he will not let Prime Minister Narendra Modi sleep until a loan waiver is given to all farmers.Niti Aayog Member and agriculture policy expert Ramesh Chand also echoed Kumar's opinion, saying the biggest problem with loan waiver is that it will benefit only a small fraction of farmers.
Troubles come in threes, goes the old wives’ tale. Even if Maharashtra chief minister Uddhav Thackeray were to dismiss this as apophenia, the mounting COVID-19 caseload in Maharashtra – nearly 24% of India’s total load and over half of the country’s daily cases in the last few days – has put Thackeray’s pandemic management under a lens.
The COVID-19 pandemic brought increasing attention to our federalist form of government. The traditional story of federalism recognizes that the national government can make policy in some areas, while the states reserve the right to regulate in other areas. However, as the pandemic has highlighted, things are not always that clear-cut. The constitutional boundaries between state and federal authority are increasingly difficult to ascertain. As a result of political decisions by both state and federal elected officials, today’s American government looks different than originally contemplated by the nation’s founders. Here are four developments in our federal system of government illuminated by COVID-19.
Farmer suicides in India refers to the national catastrophe of farmers committing suicide since the 1970s, often by drinking pesticides, due to their inability to repay loans mostly taken from private landlords and banks. It was difficult for farmers to get out of debt because they had to plant a lot of crops and so the price of their crops went down and this made them in debt. They had to take loans and sometimes the loans made them pay large interest rates which also put them in debt.
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