-DNA Widespread damage and loss of the Kharif crop in 2015 due to drought served to highlight the insecurity of the Indian farmers in the face of various challenges beyond their control: drought, hailstorms, unseasonal rains, cyclones, wild animals, epidemics and seed or technological failures, among others. Farm rights movements across the country have rubbished the Pradhan Mantri Fasal Bima Yojna (PMFBY) calling it “a dressed up version of existing crop insurance...

-The Hindu Business Line The proposed crop insurance overhaul is a welcome step The Centre’s move to come out with a new crop insurance policy has not come a moment too soon. The initiative seems keen to address two main impediments to enhance the coverage of crop insurance — high rates of premium under the Modified National Agriculture Insurance Scheme (MNAIS), particularly in relation to the sum insured, and inaccuracies in estimating...

-Live Mint It's been two years since the issue was flagged. However, there seem to be no clear answers New Delhi: On 14 August when the Union ministry of agriculture released the fourth advance estimate of crop production for 2013-14, it gave the country reason to cheer: in 2013-14 India had achieved a record food grain production of 264 million tonnes, beating the previous year's (2012-13) 257 million tonnes. These production figures,...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development suCCEss. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

August is usually the preferred month fo­r family holidays in Eu­­rope, because of ab­­undant sunshine and warm weather. In India, normally, this is the south-west monsoon season and a busy period for farmers. This year, ho­wever, several farm families in coastal Andhra Pradesh, the ri­ce bowl of the country, are repo­rted to have declared ‘crop holiday’. This is because the rice mills have not been lifting even last years’ crop....