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A loan waiver rain and a State fiscal capacity drought
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Updated:
March 01, 2021 23:18 IST
In Tamil Nadu, politicians seem oblivious to the lack of fiscal space and the opportunity cost of expenditure profligacy
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In Tamil Nadu, politicians seem oblivious to the lack of fiscal space and the opportunity cost of expenditure profligacy
The Government of Tamil Nadu, in early February, announced a waiver for farm loans from cooperative credit societies to the extent of ₹12,100 crore. There is now a clamour to include the farmers’ loans from banks as well in this scheme and the Dravida Munnetra Kazhagam (DMK) has also promised to waive farm loans and jewel loans within certain limits. ....

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