Keep farm loan waivers out of poll promises: Raghuram Rajan
Former RBI Governor Raghuram Rajan has said farm loan waivers should not form part of poll promises. "I have written a letter to Election Commissioner saying that it (farm loan waiver) should be taken off the table," Rajan added. Farm loan waivers create "enormous problems" for state finances and the benefits "often go to the best connected", he further said.