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IRDAI issues new norms for mediclaim policies -Rachel Chitra

-The Times of India CHENNAI: Many customers only realise at the time of making a claim that their health insurance policy does not cover certain medical conditions or ailment. Policy holders usually depend on what has been told to them by their insurance agents, who sometimes overstate the coverage. To prevent such cases, the Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to group together all policy exclusions...

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Declining bank credit indicates poor economic performance

Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...

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Is direct benefit transfer really a panacea for the rural poor? -Sanjiv Phansalkar

-VillageSquare.in Given the complex and varied situations in rural India, the results of the direct benefit transfer method are so far mixed at best and debilitating at worst, as seen in the subsidies for farm equipment and fertilizers Direct benefit transfer (DBT), a system through which government programs transfer funds directly to bank accounts of beneficiaries, is hailed as a major intervention that is expected to cut a whole lot of misdirection...

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The loan-waiver mountain -Jayanta Roy Chowdhury

-The Telegraph New Delhi: If the Narendra Modi government caves in and grants a nationwide farm loan waiver, the tab could surge to a whopping Rs 3 lakh crore, dwarfing the UPA's initiative in 2008 that cost a little over Rs 52,000 crore. "We have warned that the exchequer will go bust if we grant a general amnesty on farm loans, which will cost over Rs 3 lakh crore," a senior finance...

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From plate to plough: Farm and the tax -Ashok Gulati & Siraj Hussain

-The Indian Express A smooth GST regime can break inter-state barriers on movement and facilitate direct linkages between processors and farmers After more than a decade of intense discussion and debate, the GST is finally becoming a reality. Although in its current form, it is not as perfect as was originally envisaged, yet it is being lauded as one of the most transformational reforms since 1991. Finance Minister Arun Jaitley was humble...

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