Finance Minister Arun Jaitley, in an exclusive interview with Business Standard, said that states had the freedom to announce farm loan waiver if they had the fiscal space.
Recommended ArticlesView All
This Microsoft project is enabling the digital presence of low-resource languages
Jan 30, 2023 IST7 Min(s) Read
CEOs, CXOs may see 9.1% salary hike, focus on performance-linked pay: Survey
Jan 30, 2023 IST4 Min(s) Read
Wizards of the Street | Cash is a depreciating asset and an opportunity, says Vijay Kedia
Jan 30, 2023 IST2 Min(s) Read
Prakash Javadekar — Challenging task in hand as Kerala in-charge of BJP
Jan 30, 2023 IST8 Min(s) Read
However, he remained non-committal on the question of a national farm loan waiver scheme as the Centre was facing a tight fiscal deficit situation, said the BS report.
“If some state governments give a call for a waiver of loans, and if they can afford it, they can go ahead. But they must keep in mind that if the farmer stops paying, the state has to pay,” Jaitley was quoted as saying in the report.
On the challenges faced by the economy, as mentioned in the report, the minister pointed towards the agrarian sector and said that the real challenge would be between making investment in that sector and making agriculture remunerative. He also added that the country is still struggling between populism and policy.
According to the report, Jaitley also expressed concerns over the weakness in telecom, aviation and real estate sectors.
When asked about the recapitalisation process taking place in the banking sector, he said that it is being conducted with the aim of preventing banks from slipping into the RBI's Prompt Corrective Action regime.
First Published: Dec 26, 2018 9:32 AM IST