Tag: Political expediency

Rural Loan waiver: Political expediency at the cost of fiscal consolidation

Lalit Shastri Even though farm loan waiver hampers fiscal consolidation it is considered politically expedient and touted as an essential solution to untimely deaths and suicides by farmers in India. After the National Front government, headed by V.P. Singh, had implemented a debt relief scheme in 1990, the UPA-I headed by Manmohan Singh implemented the

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