U.S. national lab says floating solar could generate 10% of country’s electricity

first_imgU.S. national lab says floating solar could generate 10% of country’s electricity FacebookTwitterLinkedInEmailPrint分享PV Tech:The US National Renewable Energy Laboratory (NREL) has evaluated the potential for floating solar (FPV) across the US in a new study, notably highlighting its benefits on water reservoirs in arid regions as well as alongside hydroelectric facilities.The US may have claimed the first FPV installation around a decade ago on an irrigation pond in Napa Valley, California but few projects have materialised since. China and Japan have lead FPV installations, while demand is expected to increase across South East Asia and Europe, due to announced projects.According to NREL researchers, FPV projects across more than 24,000 man-made US reservoirs could generate around 10% of US annual electricity production, which would reduce the land requirements for conventional ground mount PV power plants by at least 2.1 million hectares.NREL noted that its study had intentionally been conservative in its findings, due to the relative underdevelopment of FPV technology and overall global installations.“In the United States, it’s been a niche application; where in other places, it’s really been a necessity,” said Jordan Macknick, the lead energy-water-land analyst for NREL and principal investigator of the project that produced the paper “Floating PV: Assessing the Technical Potential of Photovoltaic Systems on Man-Made Water Bodies in the Continental U.S. “We’re expecting it to take off in the United States, especially in areas that are land-constrained and where there’s a major conflict between solar encroaching on farmland.More: NREL evaluates floating solar technology potential in USlast_img read more

US National Whitewater Center Temporarily Suspends Rafting and Whitewater Kayaking

first_imgThe US National Whitewater Center in Charlotte, North Carolina has temporarily closed its whitewater rafting and kayaking attractions in the wake of a freak incident that left an 18 year-old Ohio girl dead after she came in contact with a rare, water-born amoeba while rafting at the facility.“The US National Whitewater Center has temporarily suspended whitewater rafting and whitewater kayaking,” reads a post on the USNWC’s official website. “All CoolSport activities (land and flatwater) are currently open for operation. Furthermore, all programming, including River Jam and this weekend’s 4th of July Celebration, will proceed as scheduled. We appreciate your patience and look forward to seeing you this week at the U.S. National Whitewater Center.”For more info about the incident and to find out what all will remain open at the whitewater center this weekend click here.last_img read more

Forkin shows potential for Syracuse after transitioning from midfield to attack

first_img Published on February 11, 2015 at 12:16 am Contact Matt: mcschnei@syr.edu | @matt_schneidman Facebook Twitter Google+ J.T. Forkin received a pass 5 yards behind the goal, and 15 yards to the left of it. He cradled the stick with his left hand, ran a semi-circle around the goal, leapt and rifled the ball into the top-left corner while drawing contact.It was the redshirt freshman’s first career goal — albeit to put Syracuse up 12 against Siena in garbage time — but one that showcased what he has in his back pocket as a converted attack.Forkin transitioned to Syracuse’s attack from midfield in the offseason after a conversation with assistant coach Kevin Donahue before fall practice began. He’s already impressed at his new position, logging two goals and an assist in No. 4 SU’s (1-0) 21-7 win over Siena on Saturday, and he continues to blossom at the position while taking note of the tendencies of starting attacks Kevin Rice, Randy Staats and Dylan Donahue.“We have one of the top attack lines in the country,” Forkin said. “I’m just learning so much from all three of those guys and really trying to improve my game based on what they do.”At Long Beach (New York) High School, Forkin was named the Nassau County Attackman of the Year in his senior season after scoring 57 goals. When he came to SU, he found himself caught on the back end of a crowded midfield unit and was uncomfortable at the position, Rice said, so Forkin decided to redshirt. AdvertisementThis is placeholder textHe practiced primarily at midfielder in his first year, but started playing as an attack on the scout team toward the end of the season. In the offseason, Forkin knew he had to get quicker if he wanted to play on the attack for good. He emphasized improving his change of direction on the field, and also harped on strengthening his stick skills with his right hand since he’s a natural lefty.Forkin still plays on the scout team in his second year with the Orange, but has impressed the coaching staff beyond just the practice field.With four minutes left in Saturday’s game and the Orange up 19-7, Forkin received a pass 5 yards to the right of the goal with Saints defender Max Bonsall coming at him hard. Forkin deftly spun away from pressure, sent Bonsall flying and calmly slotted the ball in the bottom-left corner.“He’s not 6-foot-3, he’s probably 5-foot-9-ish, so it’s hard for defenders to get their hands on his hips and get him out,” SU head coach John Desko said. “He’s got a nose for the goal and he’s playing very well.”On Saturday, Forkin, sophomore Jeff Desko and redshirt freshman Matt Lane composed the second-line attack and got plenty of playing time in a game that was decided early.The other two combined for a single assist, as Forkin made his case to be the next man up down the road after Rice, Staats and Donahue.“Hopefully next time I get an opportunity I have another good showing,” Forkin said. “Down the line it might come my time.”Though the first three is set in stone, Desko said Forkin could very well be the next in line simply based on his ability to dodge. Rice added that if someone on the first line gets hurt, Forkin’s chance could very well present itself.And while Desko said Forkin would still need to learn all the different offenses to be that fourth option on the attack, the package that Forkin’s already displayed has him primed to do so.Said Rice: “He’s going to be a guy for the future to keep an eye on, for sure.” Commentslast_img read more

Angels blown out by Houston Astros, who clinch AL West

first_imgPreviousHouston Astros starter Justin Verlander follows through on a pitch during the first inning of a baseball game against the Los Angeles Angels, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Los Angeles Angels relief pitcher Jake Jewell, right, backs off the mound as Houston Astros’ Aledmys Diaz, back left, rounds the bases after hitting a three-run home run during the sixth inning of a baseball game Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Houston Astros’ George Springer, right, celebrates his solo home run off Los Angeles Angels relief pitcher Jose Suarez with Jose Altuve during the fourth inning of a baseball game, Sunday, Sept. 22, 2019, in Houston. It was Springer’s third home run of the game. (AP Photo/Eric Christian Smith) SoundThe gallery will resume insecondsHouston Astros’ George Springer rounds the bases after hitting a solo home run off Los Angeles Angels relief pitcher Jose Suarez during the fourth inning of a baseball game Sunday, Sept. 22, 2019, in Houston. it was Springer’s third home run of the game. (AP Photo/Eric Christian Smith)Los Angeles Angels third baseman Matt Thaiss throws out Houston Astros’ Jose Altuve to end the second inning of a baseball game Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Houston Astros’ George Springer, right, celebrates his two-run home run off Los Angeles Angels relief pitcher Jose Rodriguez with Michael Brantley during the second inning of a baseball game Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Houston Astros’ George Springer, left, rounds third after hitting a solo home run off Los Angeles Angels starting pitcher Jose Rodriguez during the first inning of a baseball game, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Houston Astros’ George Springer, left, hugs Michael Brantley after hitting a solo home run off Los Angeles Angels starting pitcher Jose Rodriguez during the first inning of a baseball game, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Los Angeles Angels starting pitcher Jose Rodriguez throws during the first inning of a baseball game against the Houston Astros, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Los Angeles Angels’ Michael Hermosillo runs to third after hitting a triple during the second inning of a baseball game against the Houston Astros, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Los Angeles Angels’ Jared Walsh runs to third after hitting a triple during the second inning of a baseball game against the Houston Astros, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Los Angeles Angels starting pitcher Jose Rodriguez throws during the first inning of a baseball game against the Houston Astros, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Houston Astros starting pitcher Justin Verlander delivers during the first inning of a baseball game against the Los Angeles Angels, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Houston Astros starter Justin Verlander follows through on a pitch during the first inning of a baseball game against the Los Angeles Angels, Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)Los Angeles Angels relief pitcher Jake Jewell, right, backs off the mound as Houston Astros’ Aledmys Diaz, back left, rounds the bases after hitting a three-run home run during the sixth inning of a baseball game Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)NextShow Caption1 of 13Los Angeles Angels relief pitcher Jake Jewell, right, backs off the mound as Houston Astros’ Aledmys Diaz, back left, rounds the bases after hitting a three-run home run during the sixth inning of a baseball game Sunday, Sept. 22, 2019, in Houston. (AP Photo/Eric Christian Smith)ExpandHOUSTON — The Angels couldn’t keep the Houston Astros from celebrating this time.The Angels gave up five homers in a 13-5 loss to the Astros on Sunday afternoon, allowing the Astros to clinch the American League West title that had seemed inevitable for most of the season.George Springer hit homers in each of his first three at-bats, doing most of the early damage as the Astros avoided a second straight loss to the Angels.The Angels trailed just 4-2 in the middle of the fifth, having managed some threats against Cy Young favorite Justin Verlander. Their first run came after back-to-back triples by Jared Walsh and Michael Hermosillo in the second inning. It was the first time since 2004 the Angels had consecutive triples. The Angels went with rookies José Rodriguez and José Suarez to piggyback the first part of the game, and each pitched two innings. Rodriguez gave up three runs and Suarez allowed one.Suarez had been used as a starter, or at least as a primary pitcher following an opener, but this time the Angels wanted him to just pitch a couple innings to sharpen a mechanical fix he had made recently.“I did feel good,” Suarez said through an interpreter. “I felt like my form from last season.”In the bottom of the fifth, left-hander Miguel Del Pozo took the mound. He gave up a single to Michael Brantley and a homer to Alex Bregman. Yordan Álvarez then doubled. Justin Anderson entered and allowed the first four hitters to reach, including two walks.The Astros would go on to score six runs in the inning. Angels’ poor pitching spoils an Albert Pujols milestone Jose Suarez’s rocky start sinks Angels in loss to Astros Angels’ Mike Trout working on his defense, thanks to Twitter Related Articlescenter_img Anderson, who was charged with two earned runs, has now allowed 12 earned runs in his last 4-2/3 innings, which includes three games in August before he was placed on the injured list. Angels’ Shohei Ohtani spending downtime working in outfield Angels offense breaks out to split doubleheader with Astros Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

WHS Daily Bulletin: There will be information meeting for color guard

first_imgSubmitted to Sumner Newscow — Today’s Wellington High School bulletin for Wednesday, April 20, 2016:WednesdayNo events reported.Thursday•Baseball at Circle.•Softball at Circle.•JV Golf at Hesston.•Powerlifting banquet, 6 p.m. at WHS Commons.Friday •Golf at Cherry Oaks.•Tennis at Winfield•Track at Clearwater.Saturday  •PromToday’s lunch — Macaroni and Cheese, Meat Balls, Peas, Tossed Salad with Romaine, Hot Roll, Apple and Milk.Tuesday’s lunch — Baked Chicken Legs, Potatoes with Brown Gravy, Green Beans, Hot Roll, Pineapple and Milk.Today’s News: *Circle of Friends Members: This Friday will be our picture for the yearbook. Please wear your new Circle of Friends shirt. You will be dismissed the beginning of 7th hour.*Leadership Candidates- If you got a note yesterday, please stop by room 208 to sign up for interview times.*Crusader Creators will not meet this week.* The deadline to order the 2015-2016 WHS Yearbook is Friday April 29th. Cost is $42.00. You can order online at jostens.com or bring your money to Ms. Ford in room 409.*If you are interested in being a part of the WHS Color Guard next year- there will be an informational meeting tomorrow at 7:15 before school, or 3:25 after school. Please attend one of these meetings regarding upcoming tryouts. If you have questions or are unable to attend one of these meetings, please see Ms. Vaughn in room 112. Color guard is open to all students. If you enjoy acting, dancing, or performance of any kind, you are encouraged to try out. No experience is necessary.*Tim McLeod from Lincoln College of Technology will be in the Mrs. Chase’s classroom April 28th during 7th hour to give a presentation on Welding and Automotive Technology opportunities at Lincoln College.  Get permission from 7th hour teachers and then sign up with Mrs. Chase or Mr. Elder to attend the presentation.*Fall semester Ceramic, Jewelry and Independent study students.  If you have projects you would like to display in the annual showcase you need to bring them to Mrs. Groom this week.*Madrigals auditions will be held after school on April 25th  and 26th. They will be blind auditions and anyone can audition. Please see Ms. Coldwell for more information.*Seniors: There will be a meeting on Wednesday, April 27th at 10 am in the Auditorium. If you are normally not here at that time, please try to make arrangements to attend the meeting. We will be discussing upcoming events, such as Baccalaureate, marching practice, senior night and graduation.*Prom Info:Prom Tickets will be for sale by the student entrance before and after school and during lunch. Cost is $30 unless you sold 5 magazines your Junior year. Out of town dates are $30, unless you earned your ticket- then they are $15.You can sign up out-of-town dates in the office.If you are interested in participating in the entertainment portion of prom, please pick up a  prom entertainment application from Ms. Ford.The deadline for Project Prom forms is Thursday. You can turn them into the office.Remember- You must be in attendance on Friday to attend Prom on Saturday.*Seniors: If you are needing  extra graduation announcements, we do have a few in the counselor’s office. They are $1.25 each.Guidance news:Monday, May 2 – Butler Community Colleges.Today is National…National Cheddar Fries DayNational Lima Bean Respect DayNational Look Alike DayNational Pineapple Upside Down Cake DayFollow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

Fearless mum braves Donegal’s rough seas to raise over €23,000

first_imgA Donegal-based mum braved the choppy waters of West Donegal to complete a hugely successful charity swim last weekend.Fiona Harrington (27) swam from Owey to Cruit Island on Saturday to raise money for the BUMBLEance children’s ambulance service.While she isn’t an experienced swimmer, Fiona ventured into the water for the 1km swim while her family and friends cheered her on. Speaking to Donegal Daily, Fiona admitted that she was a ‘bit sore’ the day after the swim but overwhelmed to raise more than €23,000 so far. Fiona Harrington’s charity swim from Owey-Cruit Island in aid of BUMBLEanceFiona Harrington’s charity swim from Owey-Cruit Island in aid of BUMBLEanceThe entire feat was inspired by Fiona and her partner Dwain Rodgers’ baby girl, Willow.Willow is seven months old and was born with a life-limiting condition called Smith-Lemli-Opitz.The birth defects caused by the disorder make travelling a huge challenge for the family. But the BUMBLEance service made Fiona and Dwain’s dreams come true in August when they helped them fly with Willow to Bere Island in Cork for a special visit to see Fiona’s parents.“Willow is on oxygen, a feeding tube and morphine. We would never have been able to drive to Cork ourselves. “BUMBLEance flew us from Carrickfinn Airport, which is just behind our house, to Kerry. Then they had a BUMBLEance for us on the runway and brought us to the ferry. It was so nice to bring her to my home. They made our dream come true.”Fiona, who is originally from Cork, was so amazed by the charity service that she wanted to do something to give back.She came up with the idea of an island-island swim, but never expected to raise so much money.So far, the total raised between online and offline donations is estimated at €23,000.Fiona Harrington’s charity swim from Owey-Cruit Island in aid of BUMBLEanceFiona said: “I can’t believe it. At the start, I only expected to get a thousand euro, maybe two.” Looking back on the swim, Fiona said that Saturday’s sea conditions were a challenge during the 40 minute journey.“It was a bit wavy out. I was definitely rougher than I thought it would be,” she said.“It took me a while to get into it at the start. We started on land and I had to swim out through a cove but there was a strong drag there.“I was joined by John Green from the Arranmore Fast Ferry and Judith, a woman from Belfast. “My dad was in a rib with the Arranmore Fast Ferry that came alongside us and he got in to swim beside me at the halfway point. And Dwain was in a rib on our other side taking photos.”Fiona Harrington’s charity swim from Owey-Cruit Island in aid of BUMBLEanceFiona had great support from the Arranmore Fast Ferry and said that she is thankful to every person who donated and helped with the charity swim.There is still time to donate and if you would like to support BUMBLEance, visit Fiona’s fundraising page here:https://www.justgiving.com/fundraising/fiona-harrington3Fearless mum braves Donegal’s rough seas to raise over €23,000 was last modified: November 5th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Apple May Not Have A Choice But To Release A Watch

first_imgThe Rise and Rise of Mobile Payment Technology Matt Asay Tags:#Apple#Apple TV#innovation#iPad#iPhone#Watch Role of Mobile App Analytics In-App Engagement Related Posts center_img Apple is reportedly developing a smart watch made from curved glass. Does it really have a choice? With iPhone sales stalling, the Cupertino innovator is in desperate need of another hit product, and not just any product: Apple needs something that consumers will refresh every 12 to 18 months. My editor Dan Lyons has his own thoughts on why these Apple watch rumors are making the rounds. But what if we take them at, pardon the pun, face value?At Apple’s size, the company must be very choosy about its products. While Apple does at times dabble in $100 million “hobbies” like Apple TV, its bread-and-butter depends upon multi-billion dollar breakout successes like the Mac, iPod, iPhone, and iPad. Apple simply isn’t the kind of company that is going to release a horde of SKUs, each designed to reel in a hundred million dollars here and a hundred million dollars there.(See also Who’s Manipulating Apple Stock With This iWatch Story?)The company continues to thrive, but its stock has taken a beating recently as investors fear that Android is knocking the iPhone off its lofty perch, and will almost certainly do the same in the tablet market. (Some investors are more sanguine on its chances.) Over time, it’s simply not possible for Apple’s high-margin, premium product strategy to own the mass market. So as it fades into highly profitable niche-status in smartphones, just as it has in personal computers, Apple needs a new hit to drive it forward.Apple Needs A Particular Kind Of HitBut not just any kind of hit. While The Wall Street Journal and others have reported that Apple has a TV in the works, a TV doesn’t fit Apple’s recipe for success. All of Apple’s big hits have a few things in common:They’re focused on consumers.They’re priced at a premium but within the budgets of the middle class (in Western Europe and North America)They’re cheap enough that consumers “refresh” to the latest version every 12 to 18 monthsA TV, however, and particularly a premium TV like Apple would be inclined to make, is not going to fit in the budget of many consumers, and certainly not in less affluent markets. But even if it were, people don’t buy new TV sets every year. Apple could still build a multi-billion dollar business with a multi-year refresh rate, but this would significantly change Apple’s standard operating procedure.Much more likely would be significant improvements to Apple TV, taking control of video content from the cable and satellite operators. One Apple source tells me that Apple is waiting on DirecTV’s exclusive contract with the NFL to end in 2014. Regardless, an Apple gateway to bounteous video content fits perfectly with Apple’s iTunes business model, as well as the three factors above.An Apple Watch Could Be A Perfect FitBut then, so does an Apple smart watch. In fact, an Apple smart watch arguably better fills Apple’s product portfolio, as it serves as a complement to Apple’s iPhone and iPad products, helping to spur sales both ways. It also could further expand Apple’s App Store business, with a range of fitness, diet, and other apps landing on one’s wrist.It would not, however, find many fans at traditional watchmakers, as Box CEO Aaron Levie humorously points out:The biggest reason for thinking an iWatch could be a big deal for Apple, however, is that it perfectly fits Apple’s business needs and design ethos. Watches have seen little innovation for decades, yet continue to be used for both style and utility. (As for myself, I traded in my watch years ago for my iPhone, which provides the time and more.) At $250 to $500, Apple’s smart watch could be hugely profitable but also inexpensive enough to justify consumers buying the latest and greatest each year.None of this guarantees that Apple will release a smart watch. And it’s possible that Apple will ignore my advice (again) and release a high-end TV. There aren’t many product categories that fit Apple’s need for consumer products with a 12- to 18-month refresh cycle. Wrist watches just happens to be one of the few.Image courtesy of Shutterstock. Why IoT Apps are Eating Device Interfaces What it Takes to Build a Highly Secure FinTech …last_img read more

The lowdown on farm loan waivers

first_imgWhat is it?Farm loan waivers are not new to the Indian economy. In 2008-09, the UPA-I government announced a farm loan waiver of ₹60,000 crore (that was the initial estimate, which went up to over ₹70,000 crore later). It hit the exchequer, and not the banks, but it distorted the credit culture since it discouraged farmers from paying up their dues. In addition, when one State offered a waiver, it raised expectations in other States too. Since the BJP took office in May 2014, starting with Andhra Pradesh, several States have joined the farm loan waiver bandwagon, with Uttar Pradesh and Maharashtra being the most recent ones, despite Union Finance Minister Arun Jaitley’s stand that the States would have to foot the bill.Mr. Jaitley had shown resolve to maintain fiscal discipline during his budget speech earlier this year, which was lauded by industry and investors. Hence, he told the States that the Centre would not pay for the waiver. On the other hand, the Reserve Bank of India (RBI) warned about the deteriorating fiscal position of the States. “We need to create consensus so that such loan waiver promises are eschewed. Otherwise, sub-sovereign fiscal challenges in this context could eventually affect the national balance sheet,” RBI Governor Urjit Patel said. He pointed out that if on account of loan waivers, the overall government borrowing went up, yields on government bonds would also be impacted. In a cascading effect, this would crowd out private borrowers as higher government borrowing could lead to an increase in the cost of borrowing for others.How did it come about?Two successive years of below normal rainfall, in FY14 and FY15, are being seen as the main reason for the loan waiver demand. But the recent farmers’ unrest in Madhya Pradesh took place despite a good monsoon that resulted in a bumper crop. However, the prices of farm produce came under pressure because of demonetisation as there were ‘fire sales’ of vegetables — a fact which was acknowledged by the RBI. The sharp decline in food prices in the consumer price index-based inflation was evident. Retail inflation dropped to 2.18% in May as the decline in the prices of food and beverages was sharper in May than April (-0.22% in May against 1.21% in April).Why does it matter?The loan waiver will have a significant impact on the States’ finances. According to a report by the State Bank of India, the impact on Punjab will be the maximum, with the State’s fiscal deficit jumping by an additional 4.8% of the GSDP. The report says that the States will make provisions for farm loan waiver in their budgets in multiple years. In its recent report on the States’ finances, the RBI also pointed to the worsening position of their financial health. It noted that the consolidated finance of the States had deteriorated in recent years, with the gross fiscal deficit to GDP ratio averaging 2.5% in the last five years (from 2011-12 to 2015-16), compared with 2.1% during the previous five-year period.The RBI observed that the State governments faced severe resource constraints as their non-debt receipts were often insufficient for fulfilling their development obligations. There is one positive aspect of the current loan waiver schemes, as highlighted by some economists: the schemes announced in several States have emphasised that loans should be waived only up to a specified threshold limit (mostly ₹1 lakh), and any amount over that will have to be paid.What next?More such schemes will possibly follow as the States going to the polls have started upping the ante for a farm loan waiver. There are protests in several parts of Gujarat demanding a waiver. The State will go to the polls later this year.Bankers have been concerned about this. As SBI Chairman Arundhati Bhattacharya put it: “In case of a farm loan waiver, there is always a fall in credit discipline because the people who get the waiver have expectations of future waivers. Future loans given often remain unpaid.”last_img read more