District 5 Waiver: Fill & Download for Free

Kalvkuntla Chandrasekhar Rao was born on 17 February 1954 in Chintamadaka village, Siddipeta Mandal, Medak District of Telangana.KCR started his career with the youth Congress party in Medak district. under the leadership of Sanjay Gandhi .He is a ardent fan ot NTR, so he joined Telugu Desam Party led by NT.Rama Rao in 1983. KCR is known for his fluency in Telugu, Hindi, English and Urdu languages.He contested against A.Madan Mohan in 1983and lost that election. He won four consecutive Assembly elections from Siddipet between 1985 and 1999. From 1987–1988, he worked as Minister of Drought & Relief in N.T,Rama Rao’s cabinet. In 1990, he was appointed as TDP convener for Medak, Nizamabad, and Adilabad districts. In 1996, he worked as Transport minister in Chandrababu Naidu's cabinet. He also served as the deputy speaker of the Andhra Pradesh Assembly from 2000–2001.In 2001 he decided to fight for separate Telangana State as Telangana region is not progressing as part of Andhra pradesh.For this purpose he resigned Telugu Desam party and formed a party called Telangana Rashtra Samithi in April,2001, Under the guidance of Acahrya Jayashankar.In the elections of 2004, Rao won the Siddipet state assembly constituency and also the Karimnagar Lok Sabha constituency, both as a TRS candidate. The TRS fought the 2004 general elections in alliance with the Indian National Congress and Rao was one of the five TRS candidates who were returned as MPs.In 2004 TRS was part of the U.P.A. coalition government, led by Congress and became Union Labour Minister. in 2006 he resigned that post because Center is not taking steps for formation of Telangana State.Y.S,Rajasekhar Reddy, Chief Minister who is staunch supporter of Integrated Andhra pradesh started Operation Akarsh in which he started absorbing TRs Mla’s in to congress fold. Thus he kept KCR busy protecting his MLA’s.During this period the telangana Movement was in its lowest form, Although Telangana United front ( ఐ.కా.స) led by Professor kondaram is taking the movement forward.On 2nd september, due to unfortunate death of Sri Y.S.Rajasekhar Reddy and subsequently weak chief Minister sri.K.Rosaiah taking charge as chief minister, K.C.R. intensified the agitation and commenced indefinite hunger strike in November 2009 and after 11 days union govt. through P. Chidambaram on dec 9,2009 announced that process for formation separate state will be taken up.This led to protests and resignations of congress leaders in Andhra Region and also agitation by people, congress reversed it’s decision.Then Telangana flared up and the agitation was wide spread. He along with telanagana ఐ.కా.స. started non violence agitation with so many methods such as sakala janula samme (Everyem ployyee strike), vanta varpu, Rasta roko, Rail roko etc.But KCR to be praised for, at any point of time the agitation did not became violent, bearing some youth committing suicide.Ultimately before election in 2014, congress passed the bill for separate statehood of telangana , although rejected by state assembly, The erstwhile andhra pradesh became two states on June 3, 2014.After 2014 election he became chief minister.Every body are of the opinion that he is good agitation leader but not good enough administrator.But, with his administrative skills and with his son, Sri.K.T.Rama Rao as his aide, he developed Telangana by introducing number of schemes .Some of the projects he launchedKaleshwaram lift irrigationLoan waiver for 38 lakh farmersconstruction of agricultural godownsFormation of new districtslaunching of new schools and residential schoolsland record purificationSakal janula survey to remove duplicate ration cardsDistribution of sheep(గొర్రెల పంపిణి)2bhk flats to 2.72 lakh beneficiers24 hour power to industries and agriculturePurified water for every house (Mission Bhagiratha)KCR kits for women and childFree health check ups for poorKit for school girls(sanitary napkins)Providing 3 acres of land to dalitsDevelopment of I.T. infrastructures.I.T.Hubs in every major city.Telangana became major developed state in India and KCR is expected to win next election also.

Philosopher George Santayana once said, “Those who cannot remember the past are condemned to repeat it.” Experience tells us that loan waivers have not been successful in solving the Indian farmers’ problems, so why should this time be any different? The root causes – lack of access to institutional credit, rising cost of inputs like seeds and pesticides required for farming, and the inability to receive remunerative prices – are not being addressed.What is the difference between a loan write-off and a loan waiver?Loan write-offs are not the same as loan waivers. A loan write-off is an accounting entry which banks make when they have determined it is unlikely a particular loan will be repaid. In this case, the loan is said to have become a non-performing asset (NPA) which no longer generates any income.For more accurate reporting of income from period to period, banks maintain a contra-asset account in the balance sheet known the loan loss reserve. The value of the loan loss reserve is based on the amount that is not expected to be recovered in the future, and is determined with reference to historical information on loan defaults. Loan loss provisions are recorded in the income statement as an expense to adjust the loan loss reserve so that it is sufficient to cover expected defaults. This reduces pre-tax income.When the loan is finally written off at the end of this process, only balance sheet accounts are affected, namely the loan loss reserve and outstanding loan. This is recorded as a debit to the to loan loss reserve and a credit to the outstanding loan. Consequently, the net portfolio on balance sheet is unchanged. From this, it can be seen that the primary purpose of a loan write-off is to remove NPAs from the books and keep things tidy.On the other hand, a loan waiver is a promise by the bank not to insist on its strict legal right to recover the loan according to the original terms of the loan contract. Therefore, once the bank has waived a loan, it cannot turn around and insist that the borrower should pay because it has already relinquished its right to do so and will be estopped by the court if it tries to do so. By contrast, a loan write-off does not amount to a waiver, and the bank can continue to pursue the borrower.Why are people upset about the loan waiver?Firstly, banks ostensibly benefited more than farmers from the 2008 Agricultural Debt Waiver and Debt Relief Scheme (“2008 waiver”). The Indian government provided banks with Rs 60,000 crore reimbursement over three years in the midst of the global financial crisis. This allowed them to recover otherwise unrecoverable non-performing agricultural loans, many of which had been given out to meet the priority sector lending requirement but had gone bad because of, inter alia, the risks inherent in agriculture.[1]Yet, the 2008 waiver did not benefit small and marginal farmers greatly, as they relied more on informal sources of credit like moneylenders, landlords or relatives. A 2005 report by the NSSO on farmer indebtedness based on 2003 data showed that only 23% of farmers with ownership holdings of land less than 0.01 hectares had access to formal credit, and this figure rose to 58% for farmers with ownership holdings of land between 1-2 hectares.[2]More recently, the 2017 NABARD All India Rural Financial Inclusion Survey reported that 40% of loans continue to be taken from. Respondents cited ease of availability, no stringent timelines for repayment, no documentation formalities required, lower or no interest expected, and faith in families and friends as reasons why they preferred to take loans from non-institutional sources.[3]Secondly, the criteria used to limit the beneficiaries of 2008 waiver did not adequately consider the socioeconomic reality of farmers. Under the 2008 waiver, 100% of the overdues owed to small and marginal farmers in “ownership” of “up to 2 hectares of land”, and 25% of the overdues of larger farmers were waived.[4]Banks generally require land title as a guarantee, which meant that sharecroppers, tenant farmers and labourers who did not own land were excluded. On a related note, critics have pointed out that the land ownership requirement means that landlords are more well positioned to benefit from a loan waiver than the sharecroppers who actually cultivate the land.[5] Sharecropping agreements involve the landlord permitting the sharecropper to farm on a parcel of land in exchange for a portion of the crop.[6]Consequently, sharecroppers often have to borrow money from moneylenders to invest in their crop so that they give their dues to the landlord. However, as they do not own the land, they fall outside the purview of loan waivers. To tackle this issue, the Indian government responded by rolling out another scheme, “Bhoomi Heen Kisan” in 2014 to provide Rs. 8 lakh crores credit support ( basically, more loans!) to 5 lakh joint farming groups.[7]Agricultural land in rural India is often jointly held[8]by family members and more likely to exceed 2 hectares. Similarly, some farmers may have larger holdings, not because they are richer but because their land is less productive. For example, an opinion piece published in The Hindu[9] shed light on how in Vidharba, the average landholding size is 3.03 hectares, and up to 50 per cent of Vidharba’s farmers were above the two-hectare criterion for the 100% waiver. This was not because they were big landlords but because their land was less productive. By contrast, the farmers of Western Maharashtra with smaller, well-irrigated and more productive holdings who were better off in most regards, were more likely to meet the two-hectare criterion and therefore stood to gain more from the waiver.If that weren’t bad enough, it is not inconceivable that corrupt bank officials will ensure that only a fraction of the allocated money reaches the already limited pool of loan waiver beneficiaries. In a survey on the IRDP loan program implemented in 1980, 67% of the beneficiary respondents reported that they had paid a bribe for the loan to be sanctioned.[10]Thirdly, loan waivers encourage a bad credit culture that hurts both banks and farmers. Honest farmers are penalized for repaying their loans on time when defaulters get their loans waived. Some of them who realize this may decide to go rogue and willingly default so that they can avail themselves of the waiver and save money. This “borrower moral hazard” was documented in working paper by the World Bank on the 2008 waiver, which noted that borrowers in high-bailout districts started defaulting in large numbers after all the non-performing loans in these districts had been written off.[11] Not long ago, announcements of farm loan waivers in 2017 by some states led HDFC Bank’s NPA ratio to rise to 1.24% for the June quarter from 1.05% in the previous quarter. More than half of the increase in bad loans was from its agriculture portfolio.[12]Finally, loan waivers worsen the fiscal positions of the state and leave less money for investments in infrastructure like roads, electricity and irrigation systems which could help farmers more in the long-run. According to a recent article published in December 2018 by the Hindustan Times, the newly formed Congress governments in Madhya Pradesh, Rajasthan and Chhattisgarh may not have adequate fiscal space or funds left to implement other poll promises in the current financial year after announcing farm loan waivers.[13] Pressure to provide loan waivers is mounting in other states as well – In Odisha, Chief Minister Naveen Patnaik criticized the opposition political parties who demanded a waiver, saying that it would make the State Government bankrupt.[14]To conclude, the farm loan waiver looks like a negative-sum game for everyone involved and does little to meaningfully improve the lives of farmers – why should anyone (except the leaders scoring brownie points during the elections) be happy about it?Footnotes[1] The economic effects of India’s farm loan bailout: business as usual?[2] India’s Agricultural Debt Waiver Scheme, 2008[3] https://www.nabard.org/auth/writereaddata/tender/1608180417NABARD-Repo-16_Web_P.pdf [4] Page on thehindubusinessline.com[5] https://economictimes.indiatimes.com/blogs/cursor/farmers-need-remunerative-prices-not-debt-waiver-to-end-rural-distress/ [6] http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.378.8225&rep=rep1&type=pdf [7] Finance to 5 Lakh Joint Farming Groups of “Bhoomi Heen Kisan” through Nabard in the Current Financial Year[8] https://www.indiaagronet.com/indiaagronet/agri_economics/CONTENTS/Land%20Tenure.htm [9] https://www.thehindu.com/todays-paper/tp-opinion/Oh-What-a-lovely-waiver/article15181680.ece [10] http://shodhganga.inflibnet.ac.in/bitstream/10603/187194/14/14_chapter%208.pdf [11] The economic effects of India’s farm loan bailout: business as usual?[12] https://www.livemint.com/Money/8oTRtiFqkk1pMdHhnZ6wNI/HDFC-Banks-impeccable-asset-quality-gets-a-farm-loan-waiver.html [13] https://www.hindustantimes.com/india-news/after-waivers-fund-crunch-for-3-states/story-GdRlDNbVxo6aAVLPkFMHzO.html [14] http://www.newindianexpress.com/states/odisha/2018/dec/22/loan-waiver-will-make-state-bankrupt-cm-1915059.html

Oh boy, where to begin. I’m stuck in an awful contract right now and am just trying to make it out alive. The following stories are from the last 5 months alone.A student got angry at a substitute and smashed a glass beaker over the man’s head. Then he proceeded to beat the living daylights out of the sub, while the other students stood around filming. The district’s response was to put all personnel through “cultural sensitivity” training. The student was back at school the next week.Another student got angry and shoved one of our administrators, who is an elderly woman. She fell backwards, hit her head, suffered a concussion, and broke her pelvis in multiple places.The first day of school, six district employees in black suits walked in unannounced, holding video cameras. I hadn’t even introduced myself to the students before they were confronted with video cameras in their faces. Legally, parents have to sign a waiver allowing district employees to film their children, which had not been done. The kids were scared and confused. I complained and in turn was told that I “failed an observation,” and sent to extra training. First day of school.Over the summer, the teacher’s union negotiated raises for any teacher scoring “Proficient” or above on their annual review from the prior year. There was great celebration among the teachers when we found out. However, when we arrived at school this fall, the district announced that it was re-evaluating our scores from the prior year. Every teacher in my department had their rating decreased to “Not Proficient,” and therefore none of us got the promised raise. Technically the district adhered to its agreement with the Union, but it did so in an untrustworthy, unethical manner.My classroom is on the top floor. It rained for two weeks straight and the roof caved in. Ceiling tiles were falling off left and right. In the middle of class, one of my students got creamed by one (luckily she was fine, just shaken). Leaks were EVERYWHERE, and at one point there was even a waterfall gushing out of the ceiling by the stairwell. The district opted not to close the school, but to pay janitors overtime to continuously mop the floors all week long. Three months later the roof and ceiling still have not been fixed.Due to the ceiling leaks, the floor tiles had to be removed because mold was rampant. They were never replaced, so the floors are ugly stained concrete now (see photo).