Sunday, July 12, 2020
Home Media Reuters quoted 'source' to say Modi govt will waive farmer loans on a day...

Reuters quoted ‘source’ to say Modi govt will waive farmer loans on a day Union Minister said there was no such plan

Reuters also uses the phrase 'waive off' and 'write off' of loans interchangeably in its report, which further raises doubts on their credibility.

Also Read

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

On 11th December, Reuters published a story citing ‘government sources’ that the  Narendra Modi government is “likely to announce a loan waiver worth billions of dollars to woo millions of farmers ahead of general elections” after the party had “suffered a rural drubbing in state polls”.

The BJP suffered a political rout in three heartland states which are primarily agrarian in nature. Madhya Pradesh, Chhattisgarh and Rajasthan had a BJP government before the Congress wrested the power away recently. The report insinuated that the BJP, in order to get back the lost support in these states may soon start working out a detailed plan to allocate money to “write off farmer loans”.

“The plan could see as much as 4 trillion rupees ($56.5 billion) in loans written off, the government sources and analysts said.” reports Reuters followed by a statement of another anonymous government source who says that the “farm loan waivers would be the biggest help the government has ever provided to farmers.”

Taking a cue from Reuters report, The Wire, which has a questionable track record, published an article citing Reuters’ sources. The Wire article also adds its own speculations that the Centre may reach out to the RBI to help it out with farmer loan waiver.

However, the day Reuters published its report, Union Minister of State for Agriculture and Farmers Welfare, Purshottam Rupala had answered an unstarred question in the winter session of the Lok Sabha which said exactly the opposite [pdf].

On 11th December, Rupala, in an answer to a question raised by Shiv Sena MP Bhavana Pundalikrao Gawali Patil, had answered in clear terms that the government is not considering any report regarding farmers loan waiver. To her question on reasons why the Centre would not work on the farm loan waiver schemes, Rupala had answered, “The Union Government at present is not considering any loan waiver Scheme for farmers. Such waivers may impact the credit culture of a State by incentivising the defaulters even if they are in a position to repay the loan and thus create/amplify the moral hazard by discouraging those borrowers who have been regular in repaying their loans. Further, each waiver granted makes it even more difficult to reject any future similar demand.” This has been the government stand even back in July 2018 when a similar question was raised in the Parliament.

Considering Reuters published the report on a day the Union Minister had said the exact opposite, it makes people wonder whether the Shiv Sena MP had asked this question to Union Minister on basis of the Reuters report. OpIndia reached out to the Shiv Sena MP who denied any knowledge of Reuters’ report. “MPs can ask questions to the ministers and not all are answered in the Parliament. This was an unstarred question, hence it was not taken up in Parliament, but the same was answered by the concerned minister,” she said. “We asked the government whether there are any farmer loan waiver planned, the government said no,” she added.

So it appears that Reuters published a story citing anonymous sources, claiming the exact opposite of what the Minister had said. Not only that, but Reuters also uses the phrase ‘waive off’ and ‘write off’ of loans interchangeably in its report, which further raises doubts on their credibility.

While it is not clear why Reuters did such reporting, people on social media were speculating this could be a fake news spread by the Congress-friendly media on behest of Congress to put pressure on Modi government.

One of the theories is that this could be a ‘back up’ for Rahul Gandhi for not being able to deliver the farmer loan waive off promise for Karnataka.

This may not entirely untrue since the Karnataka Government is struggling to make good of the promise as the government is reportedly not able to finalise the list of farmers whose loans could be waived off.

In the 5-state Assembly election results declared on 11th December, the BJP could not retain the 3 states, Chhattisgarh, Madhya Pradesh and Rajasthan, it was in power. The BJP also had a disappointing performance in Telangana and Mizoram.

One of the promises Congress had made in its manifesto was waiving off farmers’ loans within 10 days of coming to power. Congress President Rahul Gandhi, during his campaign rallies, took digs on PM Modi for not waiving off farm loans while writing off (wrongly propagated by Rahul Gandhi as waiving off and as repeated by Reuters above) loans of ’15 close businessmen friends of Modi’.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Trending now

After shielding China, WHO chief now congratulates Maharashtra for ‘containing’ coronavirus amid exponentially rising cases

WHO Director-General Tedros Adhanom Ghebreyesus has been under fire over allegations of covering up the pandemic while 'siding with' the Chinese govt.

Frustrated at not getting a bank job, teenager sets up his own fake SBI branch in Tamil Nadu, three arrested

The Panruti Police in Cuddalore district of Tamil Nadu have arrested three persons, including the son of former bank employees, for cheating customers by running a fake branch of the State Bank of India in the locality.

Sachin Pilot reaches Delhi with 25 MLAs amid speculations of Rajasthan government collapse, Gehlot holds late night meetings

Ashok Gehlot claimed that the State government was stable and would continue to remain so despite all efforts to the contrary

Telangana: Man takes dead body of his coronavirus positive relative to graveyard in auto rickshaw, flouts safety norms

In the image that has now gone viral, neither the relative of the deceased nor the driver of autorickshaw can be seen wearing any protective gear.

Pakistanis are shocked that Turkish actress does not cover herself head-to-toe in real life like her role in TV show Ertugrul, slams for wearing...

Pakistani Islamists troll Turkish actress Esra Bilgiç for her modern clothing, not traditional dress like her historical role in a TV show

‘Maaro, Kafiro ko Maaro’: From creating fake alibi to mobilising thousands of Muslims against Hindus, read what Tahir Hussain did in his own words

Disclosure Statement in the chargesheet which was narrated and signed by Tahir Hussain in his own words, reveal a sinister design during Delhi riots

Recently Popular

The curious case of ‘Drone Boy’ who has made 600 drones using broken mixer grinders and televisions. A fact-check

While 'drone boy' Prathap NM has claimed to have made 600 drones using e-waste, not a single photo or video of them exist

‘Drone boy’ Prathap NM makes a statement after OpIndia fact-check: Here is why his explanation makes little sense

'Drone boy' Prathap NM says he won't show his drones due to intellectual property issues, but will show certificates from unregistered events

Stand-up comedian apologises for insulting memorial to Chhatrapati Shivaji Maharaj in Arabian sea after MNS workers vandalised studio

The stand-up 'comedian' Agrima Joshua had made scornfully derisive remarks in her video against the Chhatrapati Shivaji Maharaj memorial that is going to be erected in the Arabian Sea

‘Maaro, Kafiro ko Maaro’: From creating fake alibi to mobilising thousands of Muslims against Hindus, read what Tahir Hussain did in his own words

Disclosure Statement in the chargesheet which was narrated and signed by Tahir Hussain in his own words, reveal a sinister design during Delhi riots

Pakistanis are shocked that Turkish actress does not cover herself head-to-toe in real life like her role in TV show Ertugrul, slams for wearing...

Pakistani Islamists troll Turkish actress Esra Bilgiç for her modern clothing, not traditional dress like her historical role in a TV show

After shielding China, WHO chief now congratulates Maharashtra for ‘containing’ coronavirus amid exponentially rising cases

WHO Director-General Tedros Adhanom Ghebreyesus has been under fire over allegations of covering up the pandemic while 'siding with' the Chinese govt.

Frustrated at not getting a bank job, teenager sets up his own fake SBI branch in Tamil Nadu, three arrested

The Panruti Police in Cuddalore district of Tamil Nadu have arrested three persons, including the son of former bank employees, for cheating customers by running a fake branch of the State Bank of India in the locality.

Sachin Pilot reaches Delhi with 25 MLAs amid speculations of Rajasthan government collapse, Gehlot holds late night meetings

Ashok Gehlot claimed that the State government was stable and would continue to remain so despite all efforts to the contrary

Telangana: Man takes dead body of his coronavirus positive relative to graveyard in auto rickshaw, flouts safety norms

In the image that has now gone viral, neither the relative of the deceased nor the driver of autorickshaw can be seen wearing any protective gear.

Latest updates and important links about COVID-19 coronavirus

Live statistics and tracking of news related to COVID-19 coronavirus with focus on India.

Amitabh Bachchan and son Abhishek test positive for Coronavirus, admitted at Mumbai hospital

Megastar Amitabh Bachchan shifted to Nanavati Hospital after testing positive for Coronavirus

After claiming BJP supporters were trolling her in the guise of Shiv Sena supporters, comedian Agrima Joshua apologises to Maha Vikas Aghadi alliance and...

Stand-up comedian Agrima Joshua found herself in a lot of bother after a video clip of one of her performances went viral on social media.

Uttar Pradesh govt forms SIT to probe the crimes and rise of slain gangster Vikas Dubey, his links with police

SIT formed by UP govt to probe the crimes committed by slain gangster Vikas Dubey, and the connivance of police with him

Riot convicted Hardik Patel appointed as Working President of Gujarat Congress by Sonia Gandhi

Hardik Patel, who was convicted of rioting during 2015 Patidar agitation, appointed as Working President of Gujarat Congress

Pakistanis are shocked that Turkish actress does not cover herself head-to-toe in real life like her role in TV show Ertugrul, slams for wearing...

Pakistani Islamists troll Turkish actress Esra Bilgiç for her modern clothing, not traditional dress like her historical role in a TV show

Connect with us

235,691FansLike
404,178FollowersFollow
273,000SubscribersSubscribe