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Front Page

Saturday August 23rd
. Cost Of Air Travel Sends India's Middle Classes Back To Railways (0 comments)
. Say Goodbye To Long Queues And Harrowing Hours At Post Offices,State Postal Deptt Offer e-Services (0 comments)
. Last Try To Fill Tech Hub Seats All Engg Aspirants Called For 2nd Round Of Counselling From Sep (0 comments)

Friday August 22nd
. Bihar Govt Planned To Open Knowledge Centre To Help Jobless Techies (0 comments)
. Patna May Soon Have Monorail Service And World Class Driveways, If The Dreams Of Lalu Come True (0 comments)
. Japan, Asian Development Bank Pledge $1 mn Aid To Bihar For Improving Living Conditions Of People (0 comments)
. Indian Railways will soon launch an online auction of train tickets (0 comments)
. Govt Approved Policy Framework For The Commercial Rollout Of Internet Protocol TV, or IPTV Rules (0 comments)

Thursday August 21st
. Bihar : Cruelty Against Poor Farmers (0 comments)

Wednesday August 20th
. Biharis Are Not Beggars, says Nitish Kumar (0 comments)

Tuesday August 19th
. Mahavir Cancer Institute To Build 100-Bed Cancer Hospice In Hajipur (0 comments)
. Pitripaksha Mela 2008: BSTDC Offered Attractive Tour Packages To The Pilgrim-Cum-Tourists (0 comments)
. Bihark way to save grams - eat rats, Bihar government seems to have done a Marie Antoinette (0 comments)

Monday August 18th
. Bihar Clears 135 Investment Proposals Worth Rs 71,289 cr, For Setting Up Medium And Large Industries (0 comments)
. Indian Medical Association (IMA) Sets Up Disaster Management Cell In City (0 comments)
. Land acquisition for Indian Institute of Technology-Patna Around 500acr near Bihta to begin soon (0 comments)
. Bihar Cop Uses Bell 'Jahangiri Ghanti' To Bridge Police-Public Gap (0 comments)
. Mayawati Announces Nine Candidates From Bihar For The Next ok Sabha Elections (0 comments)
. Six more engineering colleges to open in Bihar From The 2008-09 Academic Session (0 comments)

Saturday August 16th
. Schemes for out-of-school kids on anvil (0 comments)

Thursday August 14th
. Bihar Asked To Pay Full Salary And Other Dues Of Bihar State Road Transport Corporation Officials (0 comments)
. Ban-Polythene Campaign 'Pawan Patna Abhiyan' Launched In City (0 comments)

Tuesday August 12th
. IT Firms Slow Campus Hires, US slowdown hits job in India. some firms even withdrawing offer latter (0 comments)
. NIFT starts classes in Patna with 60 students (0 comments)
. Rural Job Scheme Promising To provide 100 Days' Employment To Rural Poor Fails To Deliver In Bihar (0 comments)
. Bihar's Farm Sector To Get Rs 27k-cr Upgrade Package,Developing State As The Food Granary Of Country (0 comments)
. Bihar Becoming Role Model For States Because Of His `Good Governance'. Nitish (0 comments)
. Nitish Announces Rs 11 Lakh Award For Bindra To The Beijing Olympic Gold Medalist (0 comments)

Monday August 11th
. Ranchi Set To Log On To 5 Star Luxury -Speciality Restaurants At Radisson Grand Next Year (0 comments)
. Japanese Bank To Fund Construction Of Four-Lane Roads In The Buddhist Tourism Circuit (0 comments)

Older Stories...

Farm Loan Waiver Runs Into Trouble, Nath: Where Will Funds Come From?

The mega loan waiver announced by the Manmohan Singh government is running into some in-house scepticism with doubts about funding for the give-away being aired in the Cabinet.

On Monday, a meeting of the Cabinet saw commerce minister Kamal Nath asking whether the government had made provisions for the Rs 60,000 crore scheme it has announced in the Budget. He also seemed to argue that it would have been better if the Cabinet had been taken into confidence.

Sources said that Prime Minister Manmohan Singh intervened to commend finance minister P Chidambaram and the loan waiver. Foreign minister Pranab Mukherjee also said that the finance ministry has chalked out the broad direction and details will soon be worked out. This reflected doubts put forward that the waiver unfairly lumps farmers tilling irrigated lands with those in dry-land conditions and that the two hectare cut-off for beneficiaries cannot apply across the country.

Wondering whether the waiver would benefit distressed farmers, minister of state for new and renewable energy Vilas Muttemwar told TOI, "The problem lies in many farmers in areas like Vidarbha owning up to 15 acres of land, but being very poorly off. It is not just the small farmer, even those with larger holdings, who actually can access credit, are suffering."

Budget can't be challenged in court: Supreme Court

Click on "Full Story" for Read This Point...

By Dr arvind, Section News
Posted on Tue Mar 04, 2008 at 02:52:31 AM EST
Muttemwar said he would speak to the Prime Minister and Congress chief Sonia Gandhi and ask for the eligibility for the Rs 60,000 crore waiver announced by the government to be altered in a state or regionwise manner. He also said that even smaller farmers might not be able to use the waiver as they were largely indebted to private money lenders. Muttemwar disputed agriculture minister and NCP boss Sharad Pawar's call to farmers to stop paying money lenders. "This is easier said than done. These loan sharks get farmers to sign agreement to sale documents. Even those sales are being closely scrutinised, it is not easy for farmers to simply throw off the yoke of money lenders," he said.

The minister's views could be some cause for worry as he represents Nagpur, the political centre of the Vidarbha region which has been reeling from suicides by farmers. The criticism that farmers who need help might be outside the waiver also dovetails with the argument that UPA's largesse will help well-off agriculturalists in areas like western Maharashtra.

Well-known agro-economist M S Swaminathan agreed that it was difficult to compare farmers from green revolution states with those in impoverished dust bowls. "Comparing farmers owning two hectares in Punjab with those with holdings of similar size in Rajasthan or Vidarbha is unfair. The size of holdings in distressed areas should be much bigger," he said. Swaminathan said farmers in irrigated areas who used advanced methods had access to credit much in excess to what farmers in distressed areas were able to garner.

Budget can't be challenged in court: Supreme Court
Even before the applause for a Budget -- that had something for everyone -- has died down, a PIL filed before the Supreme Court questioned finance minister P Chidambaram's proposal for writing off farmers' loans totalling to Rs 60,000 crore. On Monday, a Bench comprising Chief Justice K G Balakrishnan and Justice R V Raveendran firmly told the petitioner that Budget proposals could not be questioned before a court of law. It also refused petitioner M L Sharma's request for early listing of the PIL before a Bench. "The matter is under consideration of Parliament. We do not want to adjudicate a matter which is pending consideration before Parliament. Courts are not the forum for challenging Budget. You may go to other appropriate forum," the Bench said.

Source: TIMES NEWS NETWORK, Dated, March-04-2008

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