INSUBCONTINENT EXCLUSIVE:
Mumbai: In more bad news for banks, farm loan waivers could rise up to Rs 2.7 lakh crore ($40 billion) by the general elections next year,
says BofA-Merrill Lynch in a report
stressed that given the size of the farm loan waiver, the finance ministry would eventually have to come up with UDAY-type bonds to
Although the ministry has said that the states have to fund their own farm loan waivers, it is scarcely possible without disrupting markets,
the minimum support price (MSP) for kharif crops for 2018-19
times of the production cost for kharif crops.
Farm income growth has been subdued in recent years due to poor rains, falling global prices
If farm loan waivers really amount to about 1.5% of GDP, this should effectively raise farm income by about 3% a year over FY18-20, BofA
With rains stalling in June, sowing is running at 22% below last year
