financetom
Economy
financetom
/
Economy
/
Loan waiver will be announced in first Cabinet meet, says Bhupesh Baghel
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Loan waiver will be announced in first Cabinet meet, says Bhupesh Baghel
Dec 17, 2018 9:29 AM

Chhattisgarh Chief Minister-designate Bhupesh Baghel said Sunday that a loan waiver for farmers will be announced in the first meeting of the new state Cabinet.

Share Market Live

NSE

Baghel, who will be taking the oath of office Monday afternoon, also said that a Special Investigation Team will be constituted to probe the 2013 Jhiram Valley Naxal attack in which several senior Congress leaders were killed.

"In the first Cabinet meeting, the loan waiver will be announced and an SIT will be constituted to probe the Jhiram valley incident," Baghel told reporters here.

"Promises made by Congress president Rahul Gandhi to farmers will be our first priority. To probe the conspiracy behind the Jhiram valley incident will also be our priority," he said.

"Our focus will be on the welfare of farmers, tribals, youth, women and small traders," he added.

The Congress' manifesto had promised to waive the loans of farmers within 10 days of coming to power.

It had also promised a bonus on paddy procurement and a minimum support price (MSP) of Rs 2,500 per quintal of paddy.

Baghel, a five-time MLA from Patan and the state Congress chief, was named earlier Sunday as the next chief minister at the Congress Legislature Party (CLP) meeting.

He will take oath at 4.30 PM at Science College ground here Monday.

In a Naxal attack in Jhiram Valley in Bastar district on May 25, 2013, almost entire state Congress leadership was wiped out.

State Congress chief Nandkumar Patel and former leader of opposition Mahendra Karma were among those killed.

The Congress had demanded a Central Bureau of Investigation (CBI) probe into the incident.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
U.S. June CPI Rose an In Line 0.3%; Core Rate Slightly Better Than Hoped at 0.2%
U.S. June CPI Rose an In Line 0.3%; Core Rate Slightly Better Than Hoped at 0.2%
Jul 15, 2025
Inflation in the U.S. perked up in June but was mostly in line with expectations, perhaps helping to set the stage for another Federal Reserve rate cut as soon as September. The headline Consumer Price Index (CPI) rose 0.3% last month versus economist forecasts of 0.3% and just 0.1% in May. On a year-over-year basis, CPI rose 2.7% against 2.7%...
JPMorgan CEO Dimon says Fed independence 'absolutely critical'
JPMorgan CEO Dimon says Fed independence 'absolutely critical'
Jul 15, 2025
(Reuters) -JPMorgan Chase ( JPM ) CEO Jamie Dimon said on Tuesday the independence of the Federal Reserve is absolutely critical. The President said he's not going to try to remove Jay Powell, Dimon told reporters in a conference call. The independence of the Fed is absolutely critical, and not just for the current Fed chairman, who I respect, but...
Traders stick to bets on September Fed rate cut after inflation report
Traders stick to bets on September Fed rate cut after inflation report
Jul 15, 2025
(Reuters) -The Federal Reserve will likely be able to start cutting short-term borrowing costs by September, traders continued to bet on Tuesday, after a government report showed a widely expected increase in consumer prices last month.  The market-priced probability of a Fed interest-rate cut by September remained around 60% after the Bureau of Labor Statistics reported that the consumer price...
Redbook US Same-Store Sales Slow in Week Ended July 12
Redbook US Same-Store Sales Slow in Week Ended July 12
Jul 15, 2025
08:55 AM EDT, 07/15/2025 (MT Newswires) -- Redbook US same-store sales rose by 5.2% from a year earlier in the week ended July 12 after a 5.9% year-over-year increase in the previous week. Redbook noted that retailers began promotional events in an effort to compete with Amazon Prime Days, lifting purchases of essentials and back-to-school items. However, storms impacted traffic...
Copyright 2023-2026 - www.financetom.com All Rights Reserved