Jaipur, Dec 19: Two days after taking oath, Rajasthan chief minister Ashok Gehlot Wednesday announced waiver of short-term loans taken by farmers from cooperative banks and loans of up to Rs 2 lakh from other banks.

The waiver would cost Rs 8,000 crore to the state government.

The Congress which won the recent assembly elections had promised in its manifesto to waive farm loans.

Congress president Rahul Gandhi had said this would be done within 10 days of the party coming to power in the state.

Ashok Gehlot told reporters the scheme will apply to farmers in debt till November 30.

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Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.

The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.

Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.

The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.

Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.

The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.