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Rajasthan: After a Prolonged Battle, Farmers Get Crop Insurance Claims -Shruti Jain

-TheWire.in In 2018, farmers, who had been denied insurance claims after the Agriculture Insurance Company of India refunded their premiums, filed a PIL before the Rajasthan high court. Jaipur: After almost three years of legal battle against a public sector insurance company and a state-run co-operative bank that arbitrarily denied them insurance claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY), farmers in Rajasthan’s Jodhpur have finally received their share of claims...

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Loan interest waiver to be credited by November 5

-The Hindu Scheme will be implemented even for borrowers who did not avail moratorium. Three weeks after informing the Supreme Court that the Centre would bear the additional compound interest on loans of up to ₹2 crore availed by retail borrowers as well as micro, small and medium enterprises (MSMEs), the government formally communicated the modalities of the scheme to lenders on Friday. Banks and other lenders, including co-operative banks and non-banking finance...

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‘Cruel Farce’: Retrenched Workers May Have to Prove Re-skilling, says Report -Ronak Chhabra

-Newsclick.in The re-skilling fund, introduced through a new labour code bill, may end up discouraging workers from using it, fear experts. The re-skilling fund, introduced through the Industrial Relations (IR) Code Bill, 2020, with an aim to train the retrenched workers, may come with controversial provisions for the beneficiaries, including requiring them to produce a proof of conformity to the government, a media report on Monday has hinted. A retrenched worker, who takes...

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A fiscal crisis: Why FCI needs provisioning in food subsidy budget -Sandip Das

-Down to Earth Mounting expenses, under-provisioning of food subsidy budget leading to a huge debt is highly worrisome A fiscal crisis has been brewing in the last few years. Mounting food subsidy arrears — payable to the Food Corporation of India (FCI) due to ‘under-provisioning’ of food subsidy expenses in successive union budgets — has forced FCI to take loans to finance its operations. FCI is the central agency that manages procurement, storage...

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90,000 ineligible beneficiaries under PM-KISAN Nidhi scheme identified in Villupuram district

-The Hindu As of Sunday, around ₹7.5 crore in cash credited into the bank accounts of 20,500 ineligible beneficiaries had been recovered VILLUPURAM: The Department of Agriculture has identified as many as 90,000 ineligible beneficiaries under the PM-KISAN Nidhi scheme in the district and recovered ₹7.5 crore so far. A senior official on anonymity said that out of the 90,000 ineligible beneficiaries, as many as 38,000 were from Villupuram district while 60,000 were...

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