-The Hindu Plan likely to be part of interim Budget New Delhi: Ahead of the 2019 election, the Rural Development Ministry has proposed that the monthly pensions of the elderly poor, disabled and widows be increased from the current Rs.200 to Rs.800. For those above the age of 80, the proposal is to increase the pension from Rs.500 to Rs.1,200 a month. The Ministry has submitted the proposal, which would have an...
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What the farmer is owed -Ashok Gulati
-The Indian Express Implicitly taxed through restrictive marketing and trade policies, farmers need a stable income policy. The Narendra Modi government is entering its proverbial “last 10 overs”. All the stops are being pulled to win over targeted segments of society that could potentially bring the BJP/NDA back to office. One important segment, perhaps the largest one, is that of farmers. The attempt to woo them by announcing higher minimum support prices...
More »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 »Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss -George Mathew
-The Indian Express According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. Mumbai: ELEVEN private insurers are set to register profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs...
More »Farmers need irrigation more than poll freebies -Arjun Srinivas
-Livemint.com Even as debt waivers and farmer-centric doles are announced to tide over farmers’ indebtedness, the level of investment in irrigation remains poor Ahead of Lok Sabha elections, the spotlight has turned on the troubles faced by the farmer. But, even as debt waivers are announced to tide over one farm crisis—that of indebtedness—another crisis—of water scarcity—looms large. Over the past three months, five large states— Madhya Pradesh, Gujarat, Maharashtra, Andhra Pradesh,...
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