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lin Sep 8 '17

With the Centre under criticism for not extending financial support to the States for farm loan waivers, the second volume of the Economic Survey will list out the disadvantages of cheap authentic jerseys the move and its impact on the economy.

Subramanian told BusinessLine that this will be presented as part of the second volume of the Survey that will be tabled in Parliament Monsoon Session around July 21. Sources said the issue will be taken up in the Chapter on Agriculture.

To bail out debt ridden farmers, Maharashtra, Punjab, authentic jerseys wholesale Uttar Pradesh and Karnataka have announced loan waivers in recent weeks. But worried about balancing the Centre finances, Finance Minister Arun Jaitley has said that the Centre will not announce any similar relaxations. have got an FRBM Act and a fiscal deficit target, and we intend adhering to it, he has said, adding that the States will have to fund these programmes on their own.

The last large scale waiver of farmer loans was done by the UPA government in 2008, when it waived crore of loans. Officials now wholesale nfl jerseys point out that it impacted the deficit.

To become more fiscally prudent, the government is also considering the report of an expert panel on FRBM that has favoured a debt to GDP of 60 per cent for the General Government by 2023, consisting of 40 per cent for the Central government and 20 per cent for the States.

Two options on waiversSources said the States that go in for loan waivers will have two options: to cut expenditure somewhere else or deviate from their fiscal targets, which is not recommended.

need to watch the fiscal and ensure that our commitments to education and health sectors are not diluted, Arvind Panagariya, Vice Chairman, NITI Aayog, had told BusinessLine recently.

Analysts have also cheap jerseys warned of the risks of the farm loan waiver on fiscal consolidation. is a risk that farm loan waivers. will lead to further fiscal slippage at the State level or will reduce the funds available for public investment, Fitch Ratings had said recently.

Agricultural loans account for 14 per cent of total bank lending, according to the Reserve Bank of India, and are equivalent to cheap authentic jerseys around 6.5 per cent of GDP.

The Forum post is edited by lin Sep 8 '17
dongdong8 Sep 12 '17
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