TODAY -
No impact on NPAs due to farm loan waivers by states-RBI
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print No impact on NPAs due to farm loan waivers by states, says Urjit Patel
According to a report, the farm debt waivers announced by the five large states together will widen the fiscal deficit of the states by Rs 1,07,700 crore or 0.65 per cent of GDP in the current financial year.
There are no implications on non-performing assets (NPAs) of banks because of farm loan waivers provided by various states, RBI Governor Urjit Patel.
Many states have waived agriculture loans, latest being Rajasthan which has launched Rs 8,500 crore waiver scheme last week. “Farm loan waiver has been given through Budget of individual state governments so far. Therefore, implications on the banks’ NPA directly are not there,” he said after unveiling second bi-monthly monetary policy review for the current fiscal.
Karnataka Chief Minister H D Kumaraswamy has also announced farm loan waiver. In his meeting with leaders of farmers’ organisations on May 30, the new CM said the government intends to waive loans borrowed after April 1, 2009. Uttar Pradesh was the first state last year to announce Rs 36,359 crore farm debt waiver for small and marginal farmers. It was followed by Maharashtra and Punjab.
According to a report, the farm debt waivers announced by the five large states together will widen the fiscal deficit of the states by Rs 1,07,700 crore or 0.65 per cent of GDP in the current financial year. The combined fiscal deficit of the states for FY18 has been budgeted at 2.7 per cent of GDP or Rs 4.48 lakh crore.
“With several states announcing farm loan waivers, there is a fear that the combined fiscal deficits of the states could be much worse than the budgeted figure,” India Ratings said in a report.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
International Women’s Day was celebrated by MCC Bank to recognize the selfless service of women staff at MCC bank Campus, Mangalore on 9th March, 2024. The Chief Guest for the program was Ms Corrine Rasquinha, Founder of White Doves, Kulshekar, Mangalore. Directors of the Bank, Mrs Irene Rebello, D
For the convenience of the esteemed customers of the Bank, the Surathkal branch of MCC Bank Limited was shifted to the fully air-conditioned premises on the ground floor of Land
MCC Bank holds Third Quarter Performance Review on 27th January, 2024 at the Sambram Hall, St Antony Ashram, Jeppu, Mangaluru. ‘Sahakara Ratna’ Mr Anil Lobo, Chairman of the bank, presided over the review programme. Mr Ronald D’souza, CEO of Leksa Lighting Technologies Pvt. Ltd, was the chief guest to the programme. Speaking during the occasion, Mr Ronald D’souza, called upon the staff members
For the convenience of the esteemed customers of the Bank, the Surathkal branch of MCC Bank Limited was shifted to the fully air-conditioned premises on the ground floor of Land
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Easter Vigil 2024 | Holy Saturday | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Confraternity Sunday | St. Theresa’s Church, Kemmannu
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
An Open ground ‘Way of the Cross’ observed in St. Theres’s Church, Kammannu. [Live-Streamed]
Udupi Bishop Most Rev. Gerald Issac Lobo Celebrates Palm Sunday at Kemmannu Church
The architect of various Churches, Schools, Hospitals and Colleges….. Msgr Denis Jerome D Souza.
Konknani Writers’ Association Literary Award Conferred on Dr. Gerald Pinto
Celebrating Love Across Languages: A Valentine’s Day Special
Udupi: Kemmannu.com Journo Richard D’Souza Felicitated by Paryaya Sri, Sri Sugunendra Tirtha Swamiji.
Let the unity of senior players be an example to the youth - Gautham Shetty - Alfred Crasto Felicitation - Match Livestream.
Bali, Indonesia: Royal Singaraja Award to Mangalorean NRI Philanthropist Dr. Frank Fernandes. [Video]
MTC - Milagres towards Community – An Outreach program on 14th December, 2023
