Loan waiver to be met completely in second budget: HDK

Agencies
January 13, 2019

Bengaluru, Jan 13: Karnataka Chief Minister H D Kumaraswamy has announced that he will fulfill his Rs 46,000-crore loan waiver commitment made to farmers "completely" in the Congress-JDS coalition government's second budget that he is scheduled to present on February 8.

The farm loan waiver scheme would be implemented in one stroke with required allocation in the budget instead of completing the process in four stages as was planned earlier, he said, as he took on the state and national BJP leadership for their relentless attack on him on the issue.

Kumaraswamy has come in the line of fire of BJP leadership, including Prime Minister Narendra Modi, who has been mocking the scheme, saying it had only offered a "lollipop" for an insignificant number of farmers.

The JDS leader was also critical of Union Home Minister Rajnath Singh for his reported comment at the BJP National Convention meet in New Delhi on Friday that the state government had promised waiver but was issuing notice to farmers for loan recovery.

Kumaraswamy said notices were being issued by nationalised banks that come under the central government.

"This shows the mean mentality of BJP leaders. This shows how lightly they have taken the issue of solving farmers' worries."

"...February 8. I will present a new budget of 2019-20. We have announced as a cabinet decision that loan waiver will be in four stages, we will not take it to four stages," Kumaraswamy told PTI in an interview.

"We are working out on that. In the coming budget I will be clearing the complete loan waiver. I will not take four years. I want to bring it to the notice of central BJP leaders -- it is not lollipop," he said.

Kumaraswamy asserted that it would be done without violating the fiscal responsibility.

"If an elected government makes up its mind, without violating fiscal responsibility, how it can succeed in implementing its programmes and commitment...I am going to prove it," he said.

"...Without violating fiscal responsibility Act… I'm clearing it completely with allocation for it. In the next financial year, the money that will be released will clear the Rs 46,000 crore loan waiver commitment made," he added.

Seeking to implement a key poll promise of the JDS, the Kumaraswamy government had announced over Rs 46,000-crore loan waiver scheme in July. But it has been bogged down by several issues, particularly relating to nationalised banks.

While defending the time taken in implementing loan waiver, the chief minister said, the state's scheme would become a model for other states in the days to come.

"Today in front of me is Rs 46,000 crore farm loan from nationalized and cooperative banks. I have created a separate cell for this and have appointed an IAS officer to work on this for 24 hours. CMO- my office is monitoring it every day. Our officials are working effectively so that the loan waiver reaches our farmers," he said.

He said guidelines for implementation of farm loan waiver scheme by his government would become a model for any government in future that decides to waive loans.

Noting that till January 11, loan waiver has reached 1,70,000 farmers for which about Rs 900 crore money has been released, he highlighted that in the budget presented in July after coming to power, Rs 9,000 crore was already allocated for loan waiver in the first year.

"By January 31, about Rs 11-12 lakh farmers will get the loan waive benefit," he said, as he pointed out there was much longer delay by various state governments in the past, while it was just seven months since he is in power.

"UPA government had announced about Rs 70,000 crore loan waiver, you can crosscheck how long it took for the money to reach. Many states which came to power before me and announced waiver like -- Uttar Pradesh, Maharashtra, Andhra Pradesh- you can check how much money has gone till now. It's been seven months for me," he added.

Noting that discussions were on with nationalised banks, and the government was expecting to get some relaxation in the backdrop of one-time settlement plan, he said, out of Rs 9,500 crore loan waiver details of cooperative banks that the state has, some of them were bogus claims.

"With the guidelines that we have, where certain documents need to be submitted, those misusing will be eliminated," he said.

Kumaraswamy said that implementation of farm loan waiver scheme was his "biggest achievement" so far, while highlighting the difficulties in a coalition setup.

Explaining the situation he was in when he assumed office, he said he had to continue implementation of programmes of the previous Siddaramaiah government and face BJP criticism that he had not waived loan within 24 hours of coming to power as promised in the JDS manifesto.

Listing out programmes under implementation like "Badavara Bandhu", a scheme to disburse interest-free loans to street vendors and small traders, and the Israel model of farming, Kumaraswamy said, "I have other plans too for the next budget."

Comments

Suresh
 - 
Sunday, 13 Jan 2019

Forget small small issues made by oppurtunists and bjp people. Concentrate on your service. People with you HDK. You will complete your term

Sandesh Shetty
 - 
Sunday, 13 Jan 2019

HDK knew what to be done for people. All the best

Mohan
 - 
Sunday, 13 Jan 2019

HDK doing great. Feku just boasting and blabbering. 

Vinod
 - 
Sunday, 13 Jan 2019

Kamal nath did loan waiving. Then what complication with other govts for doing the same

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News Network
February 28,2020

Bengaluru, Feb 28: BS Yediyurappa’s contribution to the economy is substantial, and he is one CM who has contributed largely to making India the fifth largest economy, said Defence Minister Rajnath Singh on Thursday.

“He will ensure that Karnataka contributes towards making India the third-largest economy in the coming days,” Singh said, who had flown from New Delhi to participate in the CM’s birthday celebrations.

Singh recalled Yediyurappa asking him how to increase welfare measures for farmers, and had suggested that the CM reduce interest rates on loans to help the community. “Yediyurappa took the suggestion seriously and reduced interest of loans to a mere 4 % and gradually reduced it to 1 % before coming down to zero,” Singh said, appreciating Yediyurappa’s love for farmers.

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coastaldigest.com news network
May 6,2020

Mangaluru, May 6: Amidst preparation for the paid evacuation of Indians stuck in Gulf countries amidst coronavirus lockdown, the central government has announced that it would only do a medical screening of the passengers before the flight and only asymptomatic persons would be allowed to travel.

Each passenger will have to fill a self-reporting form to be presented at the health and immigration counter at their destination.

The passengers are required to state whether they are suffering from fever, cough, diabetes or any respiratory disease. This form is similar to the one filled by passengers landing in India during the early days of the COVID-19 outbreak.

As per the announcement by the government, returnees would undergo COVID-19 once they complete 14-day quarantine in a hospital or government –arranged institution on a payment basis.

However, the form asks the applicants to keep themselves isolated at home for 28 days unless they develop any symptoms such as fever and cough.

During the journey, they will have to follow the protocols such as those issued by the Health Ministry and the Civil Aviation Ministry. Applicants from the UAE are yet to receive instructions on these.

On reaching the destination, passengers will have to register on the Arogya Setu app, India’s mobile application for COVID-19 surveillance.

No physical distancing!

Air India Express (AIE) which is set to operate the first two flights to Kerala on Thursday will operate its Boeing 737-800 flights, with a seating capacity of 186 economy class seats.

With nine seats reserved for isolation, only 177 passengers would be flown, sources said.

While most of the UAE flights in the first week will be operated by the AIE, Air India will operate two of its Dreamliner aircraft with a seating capacity of 256 seats. These flights would also reserve some seats for isolation.

However, the plan has made it clear that the Indian government will not be following the rules of physical distancing to prevent the spread of coronavirus in the repatriation flights.

Several people, including the Chief Minister of Kerala Pinarayi Vijayan, expressed concern over flying passengers, who will not be tested for COVID-19, without observing physical distancing.

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News Network
April 7,2020

Bengaluru, Apr 7: The Karnataka Government indicated today that it is too early to take a call now on lifting the nation-wide lockdown but said it’s in favour of its extension in COVID-19 hotspots in the country by at least an additional two weeks.

“We need to see for another few days before taking final call,” Medical Education Minister Sudhakar K, who is in-charge of all matters related to COVID-19, told news agency Press Trust of India when asked if the State is in favour of the rollback after the 21-day period ends on April 14.

The minister opined that the decision on its withdrawal should be based on the COVID-19 pandemic situation at the time in terms of number of cases and response to the outbreak.

When the lockdown is lifted, it has to be in a staggered and phased manner, and not at one go, Mr Sudhakar stressed.

“Where there are red alerts and zones, those zones, in my opinion, should continue to be in a lockdown situation at least for two weeks…till this month-end, I will request them (the Centre) to do this,” he said.

The Telananga Chief Minister K Chandrasekhar Rao on Monday appealed to the Prime Minister Narendra Modi to extend the 21-day national lockdown imposed to contain COVID-19 outbreak beyond April 14, saying it was essential to save lives.

Mr Sudhakar said the Karnataka government is facing financial challenges because of drastic fall in revenues due to the lockdown, adding, it would take “tough decisions” to cut expenditure.

The Finance Department is in the process of evaluating the state’s fiscal position.

“Finance department is gathering information…what is the need now, what should be the overall expenditure, how much we can save; financial support for unorganised and organised sector, along with stimulus to other sectors, we have to see where we stand financially,” the minister said.

“Based on that, we have to take certain steps for sure because after all the government runs on the exchequer money. Once the exchequer is stopped because of lockdown, we are not getting GST, no motor vehicle tax. No tax money is coming.”

Government also has to run right? he said.

He said commitment and obligations with regard to paying interest on loans taken at the national and international level would have to be met.

“So, there are some financial constraints, and financial challenges before the government. The Government will take tough decisions only after studying the entire finance (position of the State).”

The Telangana government last week announced pay cut for government employees.

The Union Cabinet on Monday approved a 30 per cent cut in salaries of all Members of Parliament and a two-year suspension of the MP Local Area Development (MPLAD) scheme.

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