ISAS Briefs

There have been announcements of farm loan waiver in the Indian states that have just had elections. It defies logic why governments have not been able to address the basic ills that confront Indian agriculture such that, time and again, ad hoc solutions have been used to address farmers’ distress. This situation is akin to a further dose of recapitalisation of the public sector banks by the Indian government without it really addressing the basic inadequacies that led to an acute stress on the banks’ balance sheets.