Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Who&#039;s benefiting from crop insurance: SC to government -Subodh Varma    </title>
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-The Times of India

Continuing suicides and intermittent protests by farmers across the country prompted the Supreme Court on Thursday to ask why the much publicised Pradhan Mantri Fasal Bima Yojana (PMBFY) had not provided relief to the hapless farmers. While..."/>
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-The Times of India

Continuing suicides and intermittent protests by farmers across the country prompted the Supreme Court on Thursday to ask why the much publicised Pradhan Mantri Fasal Bima Yojana (PMBFY) had not provided relief to the hapless farmers. While..." />
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                            <div align="justify">-The Times of India<br /><br />Continuing suicides and intermittent protests by farmers across the country prompted the Supreme Court on Thursday to ask why the much publicised Pradhan Mantri Fasal Bima Yojana (PMBFY) had not provided relief to the hapless farmers. While the government said that it is the first year and they are ironing out the problems, a look at the details of this first year's implementation throws up more systemic issues.<br /><br />Responding to a question, agriculture minister of state Purushottam Rupala told the Lok Sabha on 28 March 2017 that insurance companies collected over Rs 9,000 crore as premium for the kharif season in 2016. As per the PMFBY rules farmers only gave Rs 1,643 crore of this amount with the balance Rs 7,438 crore being directly given to the companies by the state and central governments.<br /><br />Now here is the thing: the total claims received by the insurance companies were Rs 2,725 crore. Even when all these claims are paid out in full, the profit of these companies would be about Rs 6,357 crore. That's for one agricultural season. At the time this data was collected at end of March this year, they had paid only Rs 639 crore.<br /><br />Insurance sector regulator IRDA which is supposed to ensure smooth payments among other things, did not respond to TOI queries.<br /><br />Gopal Naik, professor at IIM, Bangalore and a Board member of the public sector Agriculture Insurance Company agreed that there was an imbalance in the payout.<br /><br />&quot;Competition created under the PMFBY should over a time address this problem. Setting proper data systems on land ownership, crop area data and good crop assessment system will facilitate competition in the market place and bring down the premium rate,&quot; Naik told TOI. <br /><br />Insurance companies offering crop insurance did not respond to TOI queries except one - Bajaj-Allianz - which claimed that they actually did not earn a profit because their payout for the weather based insurance scheme was much more. <br /><br />&quot;Instead of transferring thousands of crores to insurance companies directly as profit why can't the govt use that money to compensate the farmers? The whole scheme reeks of benefiting companies at the cost of farmers,&quot; said K Krishnaprasad of the All India Kisan Sabha, a farmers' organisation. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms" title="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms" class="re" target="_blank">The Times of India, 8 July, 2017, http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms</a><div class="clear"></div>
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    <h1 class="cat-box-title">Who&#039;s benefiting from crop insurance: SC to government -Subodh Varma</h1>
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                            <div align="justify">-The Times of India<br /><br />Continuing suicides and intermittent protests by farmers across the country prompted the Supreme Court on Thursday to ask why the much publicised Pradhan Mantri Fasal Bima Yojana (PMBFY) had not provided relief to the hapless farmers. While the government said that it is the first year and they are ironing out the problems, a look at the details of this first year's implementation throws up more systemic issues.<br /><br />Responding to a question, agriculture minister of state Purushottam Rupala told the Lok Sabha on 28 March 2017 that insurance companies collected over Rs 9,000 crore as premium for the kharif season in 2016. As per the PMFBY rules farmers only gave Rs 1,643 crore of this amount with the balance Rs 7,438 crore being directly given to the companies by the state and central governments.<br /><br />Now here is the thing: the total claims received by the insurance companies were Rs 2,725 crore. Even when all these claims are paid out in full, the profit of these companies would be about Rs 6,357 crore. That's for one agricultural season. At the time this data was collected at end of March this year, they had paid only Rs 639 crore.<br /><br />Insurance sector regulator IRDA which is supposed to ensure smooth payments among other things, did not respond to TOI queries.<br /><br />Gopal Naik, professor at IIM, Bangalore and a Board member of the public sector Agriculture Insurance Company agreed that there was an imbalance in the payout.<br /><br />&quot;Competition created under the PMFBY should over a time address this problem. Setting proper data systems on land ownership, crop area data and good crop assessment system will facilitate competition in the market place and bring down the premium rate,&quot; Naik told TOI. <br /><br />Insurance companies offering crop insurance did not respond to TOI queries except one - Bajaj-Allianz - which claimed that they actually did not earn a profit because their payout for the weather based insurance scheme was much more. <br /><br />&quot;Instead of transferring thousands of crores to insurance companies directly as profit why can't the govt use that money to compensate the farmers? The whole scheme reeks of benefiting companies at the cost of farmers,&quot; said K Krishnaprasad of the All India Kisan Sabha, a farmers' organisation. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms" title="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms" class="re" target="_blank">The Times of India, 8 July, 2017, http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms</a><div class="clear"></div>
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    <h1 class="cat-box-title">Who&#039;s benefiting from crop insurance: SC to government -Subodh Varma</h1>
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                            <div align="justify">-The Times of India<br /><br />Continuing suicides and intermittent protests by farmers across the country prompted the Supreme Court on Thursday to ask why the much publicised Pradhan Mantri Fasal Bima Yojana (PMBFY) had not provided relief to the hapless farmers. While the government said that it is the first year and they are ironing out the problems, a look at the details of this first year's implementation throws up more systemic issues.<br /><br />Responding to a question, agriculture minister of state Purushottam Rupala told the Lok Sabha on 28 March 2017 that insurance companies collected over Rs 9,000 crore as premium for the kharif season in 2016. As per the PMFBY rules farmers only gave Rs 1,643 crore of this amount with the balance Rs 7,438 crore being directly given to the companies by the state and central governments.<br /><br />Now here is the thing: the total claims received by the insurance companies were Rs 2,725 crore. Even when all these claims are paid out in full, the profit of these companies would be about Rs 6,357 crore. That's for one agricultural season. At the time this data was collected at end of March this year, they had paid only Rs 639 crore.<br /><br />Insurance sector regulator IRDA which is supposed to ensure smooth payments among other things, did not respond to TOI queries.<br /><br />Gopal Naik, professor at IIM, Bangalore and a Board member of the public sector Agriculture Insurance Company agreed that there was an imbalance in the payout.<br /><br />&quot;Competition created under the PMFBY should over a time address this problem. Setting proper data systems on land ownership, crop area data and good crop assessment system will facilitate competition in the market place and bring down the premium rate,&quot; Naik told TOI. <br /><br />Insurance companies offering crop insurance did not respond to TOI queries except one - Bajaj-Allianz - which claimed that they actually did not earn a profit because their payout for the weather based insurance scheme was much more. <br /><br />&quot;Instead of transferring thousands of crores to insurance companies directly as profit why can't the govt use that money to compensate the farmers? The whole scheme reeks of benefiting companies at the cost of farmers,&quot; said K Krishnaprasad of the All India Kisan Sabha, a farmers' organisation. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms" title="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms" class="re" target="_blank">The Times of India, 8 July, 2017, http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms</a><div class="clear"></div>
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Who's benefiting from crop insurance: SC to government -Subodh Varma

Published on Jul 8, 2017   Modified on Jul 8, 2017

-The Times of India Continuing suicides and intermittent protests by farmers across the country prompted the Supreme Court on Thursday to ask why the much publicised Pradhan Mantri Fasal Bima Yojana (PMBFY) had not provided relief to the hapless farmers. While the government said that it is the first year and they are ironing out the problems, a look at the details of this first year's implementation throws up more systemic issues. Responding to a question, agriculture minister of state Purushottam Rupala told the Lok Sabha on 28 March 2017 that insurance companies collected over Rs 9,000 crore as premium for the kharif season in 2016. As per the PMFBY rules farmers only gave Rs 1,643 crore of this amount with the balance Rs 7,438 crore being directly given to the companies by the state and central governments. Now here is the thing: the total claims received by the insurance companies were Rs 2,725 crore. Even when all these claims are paid out in full, the profit of these companies would be about Rs 6,357 crore. That's for one agricultural season. At the time this data was collected at end of March this year, they had paid only Rs 639 crore. Insurance sector regulator IRDA which is supposed to ensure smooth payments among other things, did not respond to TOI queries. Gopal Naik, professor at IIM, Bangalore and a Board member of the public sector Agriculture Insurance Company agreed that there was an imbalance in the payout. "Competition created under the PMFBY should over a time address this problem. Setting proper data systems on land ownership, crop area data and good crop assessment system will facilitate competition in the market place and bring down the premium rate," Naik told TOI. Insurance companies offering crop insurance did not respond to TOI queries except one - Bajaj-Allianz - which claimed that they actually did not earn a profit because their payout for the weather based insurance scheme was much more. "Instead of transferring thousands of crores to insurance companies directly as profit why can't the govt use that money to compensate the farmers? The whole scheme reeks of benefiting companies at the cost of farmers," said K Krishnaprasad of the All India Kisan Sabha, a farmers' organisation. Please click here to read more.

The Times of India, 8 July, 2017, http://timesofindia.indiatimes.com/india/whos-benefiting-from-crop-insurance/articleshow/59498164.cms

Tagged with: Pradhan Mantri Fasal Bima Yojana Crop Insurance

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