-The Hindu Business Line Insurance companies say changing guidelines under PMFBY have increased their costs Chennai: With insurers increasing premium rates every year, farmers and the government -- State and the Centre -- are coughing up more under the Pradhan Mantri Fasal Bima Yojana (PMFBY). Sample this: In 2016-17, the premium rate was 10.75 per cent (of sum insured). This increased to 12.36 per cent in 2017-18 and to 12.60 per cent in...
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Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot
-The Indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much Money to companies which are today unable to pay it back. India’s economic crisis that is finding expression in low-growth rates and high unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get access...
More »IAS officer refuses to divert funds, shunted out
-The Telegraph Yediyurappa sought department cash for flood relief Bangalore: The Karnataka government has shunted out an IAS officer who reportedly refused to divert funds from her department for flood relief. Rohini Sindhuri, secretary of the Karnataka Building and Other Construction Workers’ Welfare Board, was shifted without a posting after she apparently ignored orders to contribute a slice of the department’s funds for flood relief. Chief minister and BJP leader B.S. Yediyurappa had...
More »A rural stimulus: On MGNREGA wage hike
-The Hindu Putting more Money in the hands of rural households will stir up the economy The government’s statistical machinery has begun work on revising the indices that capture the trends in consumer prices experienced in rural India. This opens up the prospect for an upward revision in the wages paid out to workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The current national average wage is just about...
More »An independent fiscal watchdog for Parliament -Varun Srivatsan
-The Hindu A Parliament Budget Office can help drive smarter, more focused debate in the media and with the electorate When most people arrive at the ballot box, they vote with their gut. But getting there requires absorbing and shaping months and years of conversations, long-held opinions and ideally, hard facts and evidence. What is then important for our electorate and the representatives we vote for is that they have an independent, non-partisan...
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