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In Latur, Maharashtra, India
In Latur, Maharashtra, India
Alaric Moras

The western state of Maharashtra, home of Mumbai and the biggest regional economy of India, announced this month that it will waive farmer loans worth 1,140 billion rupees, or nearly $18 billion.

The June 12 measure will leave only 800 billion rupees, or about $12 billion, in the state's coffers until the end of the fiscal year, the Indian Express reported. The state government said it would cover its expenses by borrowing.

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Geopolitics

NATO Entry For Sweden And Finland? Erdogan May Not Be Bluffing

When the two Nordic countries confirmed their intention to join NATO this week, Turkish President Recep Tayyip Erdogan repeated his plans to block the application. Accusing Sweden and Finland of' "harboring" some of his worst enemies may not allow room for him to climb down.

Turkish President Recep Tayyip Erdogan declared opposition to Finland and Sweden entering NATO

Meike Eijsberg

-Analysis-

LONDON — When Turkish President Recep Tayyip Erdogan declared his opposition to Finland and Sweden entering NATO, it took most of the West's top diplomatic experts by surprise — with the focus squarely on how Russia would react to having two new NATO members in the neighborhood. (So far, that's been a surprise too)

But now Western oversight on Turkey's stance has morphed into a belief in some quarters that Erdogan is just bluffing, trying to get concessions from the negotiations over such a key geopolitical issue.

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To be clear, any prospective NATO member requires the consent of all 30 member states and their parliaments. So Erdogan does indeed have a card to play, which is amplified by the sense of urgency: NATO, Sweden and Finland are keen to complete the accession process with the war in Ukraine raging and the prospect of strengthening the military alliance's position around the Baltic Sea.

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