-Newsclick.in The Modi Government paid Rs.34,859 crore and farmers paid Rs.7,255 crore to insurance companies in three crop seasons. Among the series of schemes launched (or repackaged) by the Narendra Modi-led National Democratic Alliance Government, one of the most toxic is the Pradhan Mantri Fasal Bima Yojana (PMFBY). Its purpose is to provide crop insurance to farmers, that is, if the crop fails due to some non-preventable reason, such as weather calamity...
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What Ails CAG, and What Can Be Done? -BP Mathur
-Centre for Financial Accountability blog The institution of Comptroller and Auditor General (CAG) in India is patterned on the British model. In Britain, The Exchequer & Audit Department Act of 1866 created the office of CAG with a view to strengthen democracy and exercise parliamentary control over national finances. The office of CAG came into being, thanks to the missionary zeal of William Gladstone who was Finance Minister at the time...
More »Farm crisis deepens in Karnataka, 156 talukas declared drought-hit -Sharan Poovanna
-Livemint.com Reeling under intense dry spell, state recorded 49% rain?deficit, says regional?disaster monitoring centre Bengaluru: The Karnataka Government on Wednesday declared 156 out of the 176 talukas of the state drought hit in the wake of a failed northeast monsoon. This has added to the growing call for the speedy implementation of the farm loan waiver to mitigate the deepening agrarian distress. The declaration comes months after several districts of the state...
More »Ahead of 2019 polls, Centre readies big farm relief plan -Surojit Gupta
-The Times of India NEW DELHI: The Centre is working on a plan to provide relief to farmers and is weighing options on a direct benefit transfer scheme for the distressed sector modelled on the Telangana system. Several rounds of discussions have been held and the view emerging within the Government favours a limited direct benefit transfer scheme to help small and marginal farmers meet expenses for seeds, fertilisers, pesticides and labour. Sources...
More »Kerala's alternative to farm loan waivers has lessons for India -Nidheesh MK
-Livemint.com Thanks to the debt relief commission, 11,354 Kerala farmers have benefited from a disbursement of over ?11 crore, and there are no farmer suicides in the state Ernakulam/ Bengaluru: Back in 2006, Kerala came face to face with an explosive situation. Ironically in a state dominated by Communist politicians, farming was dominated by export-oriented cash crops such as rubber and pepper, prices of which had plunged in the global market. It...
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