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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

Fadnavis writes off Rs 48,000 crore

Mumbai: In a clear indication that the Maharashtra government is leaving no stone unturned to keep the state’s agrarian base happy, Chief Minister Devendra Fadnavis has unleashed yet another massive populist measure. Hot on the heels of relaxing the eligibility criteria to ensure a blanket farm loan waiver, the Chief Minister announced a sweeping Rs 48,000 crore waiver on the pending electricity bills of farmers across the state. Addressing a ‘Krutadnyata Sohala’ (gratitude ceremony)...

Fadnavis writes off Rs 48,000 crore

Mumbai: In a clear indication that the Maharashtra government is leaving no stone unturned to keep the state’s agrarian base happy, Chief Minister Devendra Fadnavis has unleashed yet another massive populist measure. Hot on the heels of relaxing the eligibility criteria to ensure a blanket farm loan waiver, the Chief Minister announced a sweeping Rs 48,000 crore waiver on the pending electricity bills of farmers across the state. Addressing a ‘Krutadnyata Sohala’ (gratitude ceremony) organized by the BJP Kisan Morcha at Mumbai’s Yashwantrao Chavan Pratishthan on Wednesday, Fadnavis declared that farmers using agricultural pumps of up to 7.5 horsepower will see their historical electricity dues completely wiped out. The announcement was met with the traditional sounding of the Tutari and thunderous applause from hundreds of farmers who had gathered from every corner of the state. The Chief Minister framed the mega-sop as a necessary step to “wipe the farmers’ slate clean,” enabling them to write a new chapter of prosperity. Calculated Pitch The timing and scale of the announcement underscore a government that is boldly embracing populist economics to solidify its political footprint in rural Maharashtra. While Fadnavis maintained that these decisions were taken purely in the interest of the farmers—pointing out that the original loan waiver was announced when no elections were in sight—the political undertones were unmistakable. Taking a sharp dig at the opposition, the Chief Minister accused rival parties of running “political shops” in the name of farmer agitations without understanding the government’s genuine intent. Asserting his grassroots connection, Fadnavis proudly claimed, “I do not make decisions sitting in my house. I am a farmer myself, a man of the soil.” He openly defended the government’s recent move to strip away the stringent conditions attached to the blanket farm loan waiver, signaling that his administration will not hesitate to clear bureaucratic hurdles if it means putting money directly into the hands of the rural voter. Balancing Sops Even as he rained freebies, the Chief Minister attempted to balance the populist optics with a dose of economic pragmatism. He acknowledged that handing out repeated loan waivers is a symptom of deep-rooted agrarian distress, not a permanent cure. Pointing to the Rs 95,000 crore in aid currently being pumped into the agricultural sector by the state and central governments, Fadnavis outlined his administration’s shift toward an investment-driven agricultural model. He championed the success of schemes like ‘Jalyukt Shivar’ and ‘Magel Tyala Shettale’ (farm ponds on demand), claiming these initiatives have already empowered farmers to harvest multiple crops a year. Addressing the core issue of farming costs, he noted that the government already subsidises power to the tune of Rs 25,000 crore annually. By coupling this with a push for solar pumps and solar agricultural feeders, he promised that 100 percent of the state’s farmers would receive uninterrupted daytime electricity by the end of the year. Infra Dream Looking beyond immediate financial relief, the Chief Minister laid out a grandiose vision to permanently drought-proof Maharashtra’s most vulnerable regions. A staggering Rs 6 lakh crore infrastructure pipeline is being planned to ensure the next generation never witnesses a drought. Fadnavis detailed ambitious river-linking projects, including the Wainganga-Nalganga link, to divert excess floodwaters to parched regions. The state plans to construct 24 new dams and raise the height of 16 existing ones to ensure not a single district in Vidarbha faces water scarcity. Furthermore, massive engineering feats are on the drawing board to divert 200 TMC of floodwater from Western Maharashtra to Marathwada, and lift 275 TMC of wasted water from the Ulhas basin to quench the thirst of North Maharashtra and Marathwada. By marrying immediate, massive debt relief with long-term infrastructure promises, the Fadnavis administration is aggressively cementing its pro-farmer narrative. As the Yashwantrao Chavan auditorium echoed with whistles and cheers, it became highly evident that the government’s strategy of pairing mega populist waivers with big-ticket rural dreams is striking a powerful chord with the state’s agrarian voters.

Neutral IOD ‘battles’ a strong El Nino

Commuters navigate a waterlogged road after heavy rainfall at Vasai-Virar on Wednesday. Pic: PTI
Commuters navigate a waterlogged road after heavy rainfall at Vasai-Virar on Wednesday. Pic: PTI

Mumbai: Belying gloomy forecasts of a potentially devastating monsoon 2026 season, a ‘neutral’ Indian Ocean Dipole (IOD) – an ocean-atmosphere phenomena – may have helped soften the impact of a brutal El Nino over the sub-continent.


As reported by ‘The Perfect Voice’ (May 31), a ‘very strong’ El Nino threatened to overshadow the rainy season with erratic rains, uneven spread, heat waves, farm distress and fresh inflationary pressures on the economy, but was likely to be neutralized by the IOD.


Considering the recent 10-days of torrential downpour in large parts of western and southern India, experts are optimistic that the IOD may help salvage this year’s monsoon, as it did in the past.


The forecasts of a neutral IOD in May-June have proved true and meteorologists are hopeful that it may even turn positive as the season progresses and the rains cover the entire country in July.


The Indian Meteorological Department (IMD) said today: “Conditions are favourable for the further advance of Southwest Monsoon into the remaining parts of the north Arabian Sea, Rajasthan, Haryana, Punjab and the rest of the country in the next 2-3 days.”


Forecast models indicated a ‘strong to very strong’ El Nino by the year-end, and earlier even the IMD had placed India dangerously close to ‘deficient rainfall’ category this year.


The current spell of heavy rains has brought smiles with water bodies filling up quickly in Maharashtra. Even the worried Brihanmumbai Municipal Corporation (BMC) announced a 41+ pc water storage today – lighting up Mumbaikars, though apprehensions persist over the rest of the season.


Active Phase

However, the waxing and waning of the monsoon rainfall is a normal process and the monsoon is currently in the ‘active phase’ due to multiple weather systems, according to climatologist Kartiki Negi, Lead, Climate Impact at Climate Trends.


“Monsoon 2026 began under the threat of a strong El Niño brewing in the Pacific Ocean, but we must not forget the impact of climate change that has altered the character of the monsoon forever,” Negi told ‘The Perfect Voice’.


The Pacific Ocean rapidly warmed toward El Niño conditions after a rare year of climatic transition. India began the year under weak La Nina conditions, shifted into ENSO-neutral conditions, and is now moving into El Nino territory in the second half of 2026 - itself a rare sequence in a single calendar year, experts said.


Explaining the scenario this year, Negi said: “During the ‘active phases’ of monsoon, we will see high-intensity events in shorter duration. El Niño is also known for temporarily enhancing global temperatures. The number of rainy days will be less but spells of extremely heavy rains cannot be ruled out”.


Incidentally, in the past 75 years, the world has seen only four ‘Super El Ninos’ - in 1982, 1991, 1997 and 2015 seasons.


What is El Niño

A battle between the weather conditions of the Pacific Ocean and Indian Ocean often decides the monsoon rain quota for India – whether there will be abundant rainfall or drought conditions – directly hitting agriculture, economy and the people.


The culprit is El Nino, which develops when the eastern Pacific Ocean becomes unusually warm, the heated air alters the global wind patterns, weakening the moisture-laden monsoon winds headed towards India – with potentially disastrous consequences.


Its opposite phase is La Nina, which cools the Pacific Ocean, boosts Indian monsoon and results in widespread and intense rainfall.


However, there is a buffer close by – the Indian Ocean Dipole (IOD) – which can help balance the conditions in the western Indian Ocean near Africa and the eastern Indian Ocean near Indonesia.


In a positive IOD, warmer waters near Africa and cooler waters near Indonesia generate stronger rain-bearing winds towards India and help offset the negative effects of El Nino – as in 2019, when India escaped a drought.


But during a negative IOD, the rainfall moves towards Indonesia, and when it happens during an El Nino year, India can face a huge risk of severe drought.


This year, the IOD is in a neutral phase currently, and experts are hopeful it may turn positive over the coming months, thus sparing India of the spectre of a major drought, despite the El Nino.


As an expert said: “Even a slight change in sea surface temperature thousands of kms away can affect the rice on our plates…”

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