Finance Minister P Chidambaram had left everybody stunned in February when he unveiled his seventh Budget and announced a Rs 60,000 crore waiver of loans for small and marginal farmers. But the story didn't end there. On Friday, the Government hiked the provisions for debt waiver for farmers by almost 20 per cent. The decision was taken at a Cabinet meeting presided over by PM Manmohan Singh.
Farmers who have not benefited from Budget loan waiver will be considered.
http://www.ibnlive.com/news/sonia-hints-at-more-concessions-for-farmers/61411-3.html
Farmers, who paid back their debts, feel they made a mistake by being honest.
http://www.ibnlive.com/news/for-some-farmers-loan-waiver-is-a-bittersweet-deal/61260-3.html
Rahul Gandhi wants localised cutoff dates for farm loan waiver.
http://www.ibnlive.com/news/rahul-wants-land-limit-raised-for-farm-loan-waiver/61112-3.html
PC didn't admit that past policies had made agriculture a less-than-paying sector.
http://www.ibnlive.com/news/chidu-pleased-with-himself-over-farmers-loan-waiver/61108-27.html
A National Sample Survey has shown that 82 per cent of AP farmers are in debt.
http://www.ibnlive.com/news/chidus-waiver-useless-to-telangana-farmers/61013-3.html
The FM urged public sector banks to cut interest rates for loans of less than Rs 20 lakhs.
http://www.ibnlive.com/news/cut-rates-for-small-home-loans-fm-asks-banks/60622-27.html
The Finance Minister also asked the industry not to raise prices of their products.
http://www.ibnlive.com/news/chidambaram-assures-indian-inc-on-ecb-curbs/60531-27.html
PM assured the loan waiver scheme would be a ‘simple exercise’.
http://www.ibnlive.com/news/loan-waiver-will-not-be-long-drawn-out-affair-pm/60527-3.html
Taxation expert Amitabh Singh feels that the government will issue bonds to fund Rs 60,000 cr waiver for farmers.
Chidambaram has said there is a scope for reducing bank interest rates.
http://www.ibnlive.com/news/chidambaram-wants-more-loan-rate-cuts/60492-7.html
Indian economy is estimated to grow 8.7 per cent in the fiscal year.
http://www.ibnlive.com/news/farm-sector-hurting-overall-growth-chidambaram/60486-7.html
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