Waivers as the ‘default’ setting
The waiver funds are often treated as windfall gains by farmers - Balachandar L×
Loan waivers and elections appear to have become inseparable. A dangerous trend has been set
The Tamil Nadu government has once again set the cat among the pigeons by announcing a loan waiver. The latest waiver scheme covers short-term crop loans availed from co-operative institutions. Tamil Nadu Chief Minister Edappadi K Palaniswami, who announced the scheme on February 5, was quick to action it as well, personally doling out the first few waiver certificates to beneficiary farmers last Saturday.
According to the scheme, the waivers, aggregating to ₹12,110.74 crore, which have been availed from cooperative institutions by more than 16.4 lakh farmers, will be waived off in toto – both interest and principal, with no attempt to be made to monetise any collateral provided. Further, the waiver will not discriminate between running loans in good credit order
Atlantic, Gulf & Pacific Company (AG&P), a downstream gas and LNG logistics company, signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government for the development of City Gas Distribution (CGD) networks to supply natural gas across six districts of Tamil Nadu. The company will invest around Rs 2,700 crore in the State. The new CGD infrastructure is being developed under AG&P’s CGD brand in India - AG&P Pratham. It will deliver uninterrupted supply of PNG to households, commercial and industrial customers, and Compressed Natural Gas (CNG) depots and stations for 24x7 access to CNG for vehicles.
PM Modi Address Highlights| Together we can build Atmanirbhar Bharath of our dreams, says PM; inaugurates development & tourism projects in Kerala
PM Narendra Modi flagged off the Chennai Metro Rail Phase-I extension, completed at a cost of Rs. 3770 crore, and commission the passenger services from Washermenpet to Wimco Nagar
PM Modi in Kerala inaugurating key development projects. (Image Credits: ANI)
Prime Minister Narendra Modi on February 14 inaugurated a slew of projects, including a Rs 6,000 crore petrochemical complex of oil major Bharat Petroleum and vessels of Inland Waterways at Willingdon Islands, in the poll-bound state of Kerala, which he said will help the country grow.
PM Modisaid this while handing over the indigenous main battle tank Arjun MK-1A to the Army. The battle tank was designed and developed by a Chennai-based DRDO unit.
Virudhunagar (Tamil Nadu) [India], February 13 (ANI): The death toll in the fire incident that took place at the firecracker factory in Virudhunagar on Friday, has mounted to 19, said R Kannan, Viruthunagar district collector on Saturday.