-The Telegraph They are protesting the Centre’s move to regularise online sale of medicines New Delhi: An association of brick-and-mortar retail chemists has called on all its 800,000 members nationwide to observe a day-long strike on Friday in protest against the Centre’s move to regularise online sale of medicines. The All India Organisation of Chemists and Druggists (AIOCD) has claimed that online sales would raise the risk of drug abuse and drug interactions...
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Govt penalizes insurers for delay in settling crop insurance claims -Sayantan Bera
-Livemint.com While farmers will receive a 12% penal Interest payment for delays in settling claims, state governments will be penalised if they delay in depositing their share of subsidies New Delhi: Faced with a sharp decline in the number of farmers signing up for its flagship crop insurance scheme, the centre on Tuesday imposed a 12% penalty on insurance companies for delayed settlement of claims. Under the new guidelines that will take effect...
More »'Rationalising subsidies, improving infrastructure could revive agri-sector' -Kiran Pandey
-Down to Earth For every million rupees spent on agricultural research, 328 people are pulled out of poverty. In contrast, the same amount spent on power subsidies brings only 23 people come out of poverty. The message is clear. With the Union elections only a few months away, the Centre should prioritise capital investments over populist subsidies to deliver on its promise of strengthening the farm sector. This is important, especially when the...
More »Household savings in banks dip for first time in four decades -Sunitha Natti
-The New Indian Express For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. MUMBAI: For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. The startling downfall of bank deposits is a first, at...
More »Sowing hopes
-The Hindu Business Line The AASHA scheme promises better returns on crops, but implementation is the key With the decades-old minimum support price (MSP) system failing to address the crisis at the farm gate, the three schemes that are a part of AASHA – the Price Support Scheme (PSS) itself, the Price Deficiency Payment Scheme (PDPS) and the Pilot of Private Procurement and Stockist Scheme (PPPS) – point to an innovative, MSP-plus...
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