Loan waiver for farmers

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Topic: Loan waiver for farmers

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deveshkayal
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Posted: 09/Mar/2008 at 12:29pm

After "The Speaking Tree", TOI has now come out with Swami jee's book which will include all the articles published in the newspaper.

"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett

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basant
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Posted: 12/Mar/2008 at 2:04pm

The Govt.'s decision to create a Rs 10,000 crore for farm waiver loan should help Banks. This finally puts set to fears (which were baseless in any case) that the burden for these farm loans will not be put on Banks. We now have to wait for the modalities - bonds, cash etc.

'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in

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manishdave
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Posted: 14/Mar/2008 at 2:47am

PC is taking waiver to new level. It is now like mortgage. Banks will be paid for in next FOUR budgets. If this trend continues, think what can happen. All big budget items can be mortgaged. And commitments can go out of control. Very dirty move to take money from future govts. Now total payments are 60k cr over four years. Who is going to pay intrest if total waiver is 60kcr. Is cost of capital free? Are we living in Japan?

I am having doubt that we will have to run our printing press too.

http://moneycontrol.com/india/news/economy/farm-loan-waiver-due-to-tax-buoyancy-fiscal-space-fm/01/45/330446

The FM is confident the liberal farm loan waiver package will have a negligible impact on the fiscal deficit. It will be an additional burden of less than 0.25% of GDP every year.

Expect flood of dis-investment in next four years. They are spending money that they don't have. Oil/Fert sibsidy will suck all money they have plus this burden.

Edited by manishdave - 14/Mar/2008 at 2:51am

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BubbleVision
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Posted: 14/Mar/2008 at 7:33am

Originally posted by manishdave

Is cost of capital free? Are we living in Japan?

I am having doubt that we will have to run our printing press too.

Manish jee....RBI is already running its printing presses at full tilt by having M3 growth at nearly 22.0%. Infact our printing presses are working overtime, greased by a gel called "Ben". LOL

You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!

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Mr. V
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Posted: 15/Mar/2008 at 3:12pm

Is it binding on future govts to adhere to the waiver ? Can they change course or is it binding ? If its binding, then I must say a very cunning and evil strategy.

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gopal
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Joined: 26/Jan/2008
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Posted: 15/Mar/2008 at 4:49pm

Originally posted by Mr. V

Is it binding on future govts to adhere to the waiver ? Can they change course or is it binding ? If its binding, then I must say a very cunning and evil strategy.

Yes Mr.V any agreement signed or legaly declared is legally binding on the future governments of that country.

The exception to this internataional law

is China, Russia & its peices, Middle east, Latin America & African countries where generally a change in government means a change in everything.

thnx

Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful

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