More needs to be done than just loan wavers. This will mean encouraging people not to repay the loans. I fully understand the tragedy that people who are feeding us are driven to suicide due to debts.. BUT load waver is not a solution, they need a support system where someone can provide them guidance to make better uses of lands and manage their finances better, I suggest that every panchayat should have access to a finance adviser who can help people make educated decisions. Loans have been wavers so many times by so many state and central governments but problem still remains. We need to strike at the root cause of the problem and not symptoms.
RE:Loan waver is not the solution
by pruodNorth on Feb 28, 2008 03:13 PM Permalink
Root cause? Did you ever check the international pricee of wheat & rice compare to India. Forget middle east. Even check the food prices of subcontinent. Say Pakistan India . 3 to 4 time%u2019s difference!!? Farmers in Punjab & Haryana are getting raped. NO wonder a self consiuious farmers instead of becoming beggar are committing suicides. same is happening with farmers in maharstra
RE:Loan waver is not the solution
by samarame on Feb 28, 2008 03:17 PM Permalink
my dear why are u comparing pakistani rates to us.whats our purchasing power,exchange value...hav u taken acc of all this
RE:Loan waver is not the solution
by pruodNorth on Feb 28, 2008 03:20 PM Permalink
because they are miinum close. if least diffrence. If i compare with food pricing in middle east. it is evn more diffrent.
