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Crop insurance is too returns-oriented -PSM Rao

-The Hindu Business Line Farmers’ incomes are too inadequate for actuarial premium rates to work for them The farm crisis in India continues unabated, proving all the governmental nostrums ineffective. Unfortunately, the new crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — recently cleared by the Union CABinet, to be implemented from the kharif crop cycle beginning this June, too, is unlikely to bring in any significant relief to...

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India’s failed diplomacy at the WTO

-Livemint.com It has repeatedly failed to protect the domestic food security agenda The CABinet’s approval of the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) on Wednesday is, on the face of it, a relatively innocuous development. As WTO deals go, this is low-hanging fruit. The agreement is to reduce administrative barriers at ports and customs, reducing transactional costs of international trade and consequently—according to various studies—increasing global gross domestic product...

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New insurance scheme aims to cover 50% of farmers -Sayantan Bera

-Livemint.com Pradhan Mantri Fasal Bima Yojana will kick in from April, before planting for the next rain-fed kharif crop begins The government wants to cover 50% of all farmers under a new and revamped crop insurance policy that seeks to shield farmers from weather-related risks, Prime Minister Narendra Modi said on Thursday. The new scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), was approved by the CABinet on 13 January to address rural...

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Budget likely to focus on rural-economy schemes to blunt farm crisis -Zia Haq

-Hindustan Times The Modi government is looking to address a worrying agrarian crisis with a set of schemes and Budget provisions aimed at ramping up the larger rural economy, rather than just the farm sector, people familiar with the development told HT. Budget 2015-2016 is likely to provide for a more effective Pradhan Mantri Krishi Sinchayin Yojana, a flagship scheme announced last year to create irrigation infrastructure, with substantially higher allocations. The...

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Bassi for Information Commissioner: 'It will be a sad day for democracy' -Satish Nandgaonkar

-The Hindu Mumbai: Ex-Chief Information Commissioner Shailesh Gandhi says a transparent procedure should be followed in the selection process. Alarmed at speculation that Delhi Police Commissioner B.S. Bassi could be appointed Information Commissioner in the Central Information Commission, RTI activist and former CIC Shailesh Gandhi on Thursday shot off a letter to the Centre objecting to the appointment. In a letter to CABinet Secretary PK Sinha, Mr. Gandhi said: “There are news reports...

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