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Govt rules out farm loan waivers; will stick to fiscal targets
Finance Minister Arun Jaitley on Tuesday ruled out any waiver of farm loan and said the Centre will adhere to fiscal targets. The remark came as Punjab became the third state after Uttar Pradesh and Maharashtra to announce waiver of loans given to farmers. The government had in 2008 waived farm loan to the tune of Rs 74,000 crore. He said he would not comment on the loan waivers by states and had already made his position clear last week.
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