-The Hindu India must counter Japan’s U.S.-style pressure at the RCEP talks and ensure affordable generic medicines Leaked texts are like leaked gases — you may never find the one responsible for it, but the mayhem caused by its release is hard to contain. Unsurprisingly, all public discussions on the Regional Comprehensive Economic Partnership (RCEP) are centred around leaked documents. As India negotiates the RCEP — a free trade agreement that looks...
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Regulator turns up heat on erring CAs -Arun S
-The Hindu Complaints filed & punishment given, says institute chief. The Institute of Chartered Accountants of India (ICAI) has said 4,445 complaints have been registered against CAs as on June 30 this year, and punishment has been awarded in 402 cases until March 2017. The CA regulator, however, said it was pushing for amendments to the norms to help expedite action against wrongdoers in the profession. PM sought action This development comes within a...
More »Farmers await crop insurance payout, 55% claims pending -Sayantan Bera
-Livemint.com Under the flagship crop insurance scheme Pradhan Mantri Fasal Bima Yojana, Rs5,875 crore, or just 45%, has been paid to farmers, agriculture ministry data shows New Delhi: Farmers who suffered crop losses in 2016-17 are yet to receive insurance compensation for 55% of estimated claims under the flagship Pradhan Mantri Fasal Bima Yojana (PMFBY), shows latest numbers from the agriculture ministry. The data shows that insurance Companies collected Rs22,338 crore in 2016-17...
More »Rains, tomato crisis: Will farmers be better off buying private insurance? -Subhomoy Bhattacharjee
-Business Standard Farmers are not getting enough protection as states mostly do not pay the premium they should With the rains falling in abundance and tomatoes refusing to do so, agriculture economy experts have a lot to say on what both mean for the sector. Both pose a risk to farmers — of floods and of lack of pricing power. Yet the farmers don't have much to fend those off since agricultural insurance...
More »Crop Insurance: A flagship scheme that may flatter to deceive -Harish Damodaran
-The Indian Express For farmers, a uniform 2 per cent premium rate on sum insured (SI) for all kharif or monsoon season foodgrains and oilseeds, while 1.5 per cent for rabi winter crops and 5 per cent for annual commercial and horticultural crops, is the lowest they can hope for. The country couldn’t possibly have, at least on paper, a better agricultural crop insurance scheme than the Pradhan Mantri Fasal Bima...
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