-Hindustan Times PMFBY has run into many of the old problems. The one most troubling issue for farmers is a continuous delay in payouts. The average delay in payment of claims, according to official data, is more than a year from the date of harvest. When the Pradhan Mantri Fasal Bima Yojana (PMFBY), the country’s flagship crop insurance scheme was launched in June 2016, the idea was to replace complicated, multiple insurance...
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Finance panel suggests new structure to rationalise GST slabs -Rajeev Jayaswal
-Hindustan Times The suggestion is to come up with a standard rate of 17%, a lower merit rate for items of common consumption and a higher rate on luxury and sin goods, according to these officials who spoke on the condition of anonymity. The Fifteenth Finance Commission (FFC) has suggested the Goods and Services Tax (GST) Council to simplify tax rates by creating just three slabs, two officials with direct knowledge of...
More »Claims versus Reality: Who benefits from government funded health insurance? -Ankur Verma
-Macroscan.org Data from the recent survey show that health insurance coverage in India has not expanded at all between 2014 and 2018. Moreover, the benefits of health insurance disproportionately accrue to relatively richer households while the poor are left high and dry. Please click here to read more. ...
More »Mixed signals on NRC -Hari Narayanan & Sumant Sen
-The Hindu PM Modi’s remarks on the National Register of Citizens contradict the Home Minister’s claims Addressing a rally at Delhi’s Ramlila Maidan on Sunday, Prime Minister Narendra Modi said that there have been no discussions on an all-India National Register of Citizens (NRC) since the BJP-led government assumed power in 2014. He said that the NRC was implemented in Assam alone following the Supreme Court’s orders. Is this statement accurate? Claims and...
More »RBI's 2018 notification excluded Muslims from Pakistan, Bangladesh to open bank account in India -Manoj Sharma
-BusinessToday.in The notification was first issued in March 2018 after a nod from the Ministry of Home Affairs and the Department of Economic Affairs, following which it was made mandatory for banks to mention the religion of a person from Pakistan and Bangladesh for opening an account in India Even as the protests over the recently passed Citizenship Amendment Act have brought India to a standstill, the Reserve Bank of India (RBI)...
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