-Financial Express Farmers in India (also in undivided India) have generally been poor, and it has not been only the phenomenon of post-reforms period in Independent India, as believed by some. Yes, now it is becoming worse day by day. Farmers’ distress over the past few years has taken a new dimension so much so that political parties, without exception, are now using it as an opportunity to win elections by...
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Rythu Bandhu scheme: Is RBS a panacea to loan waivers? -Kushankur Dey
-Financial Express With the 2019 Lok Sabha elections approaching, the government plans to offer a stimulus package in the form of agricultural investment support scheme and group insurance to farmers, which could otherwise subsume the fumes of the farm loan waiver burden. Can the government consider Telangana’s Rythu Bandhu Scheme (RBS) on a scaled down version? RBS has a grant component of Rs 4,000 per acre per farmer for one season (kharif/rabi)....
More »RTI: Pvt firms make a killing from Crop Insurance Scheme -Vishav Bharti
-The Tribune Pocket more than Rs 8,000 cr in two years; Rs 11 cr a day on average Chandigarh: Rs 11 crore in a day! That was the average of profit of the private insurance companies from Pradhan Mantri Fasal Bima Yojana in the past two financial years. There were 18 companies that got contracts under the Crop Insurance Scheme. Out of them just five are in public and 13 in the private...
More »Pulses and Oilseeds: Nafed buy may drop by a third -Prabhudatta Mishra
-Financial Express Forget the fanfare about the PM-AASHA scheme that is designed to lend greater price support to farmers, procurement of pulses and oilseeds by the public sector is likely to drop by more than a third in the kharif 2018 season from the year-ago period. The decline in procurement comes after two consecutive kharif seasons in which it surged and reached a critical mass, compared with very small quantities earlier. Just...
More »MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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