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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Davangere: Two policemen injured in stone pelting during Ganesha procession
Davangere: Reports state that two groups engaged in stone pelting at each other during Ganesha idol immersion ceremony in Davangere on Thursday. Two police personnel were injured in the incident.
Few days ago, two groups of youth engaged in verbal altercation regarding raising of a flag for Eid Milad celebration. On account of the clashes, police had heightened security for the Ganesha procession. Despite the additional security, stones were pelted at the procession, sources stated. Inspector Gururaj and constable Raghavendra were injured in the incident. The procession continued after the police brought the situation to control. However, the stone pelting resumed once again as the procession surged forwards.
Security has been tightened up in the area and all shops have been closed down by the police. The two police personnel, who were injured in the stone pelting, are undergoing treatment at a hospital.
