Letters: Not good economics

And the cost of such waivers are huge so what government does is cut the social sector spending

With reference to the article “Farm loan waivers a fiscal threat” (December 28) — I think it is an understatement to say that farm loan waivers is a fiscal threat, but sadly that is the irony in our country where politics and economics are dangerously mixed. Telangana, Andhra Pradesh, Uttar Pradesh, Maharashtra, Punjab and Karnataka put together have waived farm loans worth Rs 1,35,000 crore in the last year or so. It is a wrong precedence set by these states — whether it is part of their budget or not, it will hurt them some time.  

Waiving farm loan waiver