Farmers may get sweet news?
CM may follow Andhra-Telangana model to waive off the loans
Bengaluru, May 29: Chief Minister HD Kumaraswamy, who has said that he would declare the issue of loan waiver on Wednesday, is likely to follow Andhra and Telangana model in waiving off the farmers loans.
After holding a marathon meeting with the officials of the Finance department at his home office Krishna here on Tuesday, Kumaraswamy got information on pros and cons of waiving off Rs 53,000 crore farm loans on the state exchequer. The officials said that both Andhra Pradesh and Telangana have waived off farmers loans to the tune of Rs 22,000 crore and Rs 17,000 crore respectively and they have been paying the concerned banks in installments.
After waiver off the loan amount, the government has to pay the amount to the banks in installments. As the governments have given security for financial transactions, the banks have agreed for this method. Now, the CM has discussed with the officials on following this model in the state, it is said.
Even the Chief Minister is also aware of the fact that it is impossible to pay Rs 53,000 crore at a time. Keeping this in mind, he has planned to follow Andhra and Telangana model. Sources said that the officials of the Finance department have also agreed for this proposal.
Meanwhile, the officials also have given suggestions on accumulating the additional amount to be paid in installments to the banks in order to ease the financial burden on the government. After holding the meeting with the leaders of the farmers’ organizations, the Chief Minister is likely to announce his decision, it is said.
Amidst the tug of war between JDS and Congress over getting finance portfolio, the Congress high command has given a green signal to keep the Finance Portfolio with the Chief Minister himself. When Kumaraswamy expressed his helplessness as the Chief Minister without Finance portfolio, the Congress high command changed its decision, it is said.
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UP: Misled by GPS navigation, car falls into river from partially constructed bridge, 3 dead
Bareilly (UP), Nov 24: Three people died when their car fell into the Ramganga river from a partially constructed bridge here on Sunday, police said, adding that they suspect the driver was misled by its navigation system into taking the unsafe route.
The accident occurred around 10 am on the Khalpur-Dataganj road when the victims were travelling from Bareilly to Dataganj in the Badaun district, they said.
"Earlier this year, floods had caused the front portion of the bridge to collapse into the river, but this change had not been updated in the system," Circle Officer Ashutosh Shivam said.
The driver was using a navigation system and did not realise that the bridge was unsafe, driving the car off the damaged section, the police said.
There were no safety barriers or warning signs on the approach to the damaged bridge, leading to the fatal accident, Shivam said.
Upon receiving information, police teams from Faridpur, Bareilly and Dataganj police station rushed to the spot. They recovered the vehicle and the bodies from the river, Shivam added.
The circle officer said that bodies had been sent for post-mortem. Further investigation into the matter is underway.
— Bareilly Police (@bareillypolice) November 24, 2024
