The year-on-year (y-o-y) growth rate in Agri Gross Value Added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for Transforming India Aayog (NITI Aayog)...
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PMFBY: Farmers Quitting Scheme But Premium Collection Rises -Subodh Varma
-Newsclick.in Latest data shows that insurance companies have pocketed over Rs. 10,000 crore surplus in two years. The number of farmers enrolled in the Modi government’s flagship crop insurance scheme (Pradhan Mantri Fasal Bima Yojana or PMFBY) dipped further to 343 lakh in kharif (summer) crop season of 2018-19 year, according to latest information revealed at the annual Kharif Conference organised by the Agriculture Ministry in Delhi on April 25-26. When the...
More »'PM KISAN scheme to benefit just 38% farmers till polls conclude' -Saurabh Katkurwar
-IANS New Delhi: The ambitious PM-KISAN scheme that aims to provide Rs 6,000 annually to small and marginal farmers will reach only 38 per cent of the intended beneficiaries by the end of ongoing Lok sabha polls, thanks to tardy furnishing of information by the states, lack of digitised land records and the election Model Code of Conduct being in force, according to government officials involved in its implementation. The scheme, announced...
More »MNREGA job spike to take some load off Congress in Rajasthan -Shalini Nair
-The Indian Express At Rs 199 a day, the Central Government-notified MGNREGA wage rate for Rajasthan is Rs 26 less than the state’s minimum wage. Banswara, Bhilwara, Jaipur, Udaipur (Rajasthan): For four years, Pista Sargara (55), a long-standing job card holder under the MGNREGA, approached her panchayat office in Bhilwara Lok Sabha constituency desperate for any work under the scheme. She was turned away each time. The turnaround came in January...
More »More Than a Year After Crop Failure, Maharashtra Farmers Still Wait for Insurance Payout -Poorvi Kulkarni
-TheWire.in For many farmers, the compensation they received is substantially less than the premium they paid. Parbhani (Maharashtra): “If even one rupee owed to one farmer is not paid, then the government will pay that money and recover it from the (insurance) company,” said Maharashtra chief minister Devendra Fadnavis while addressing an rally ahead of the 2019 Lok Sabha elections. He was referring to the Prime Minister’s Crop Insurance Scheme (Pradhan Mantri...
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