-The Telegraph/ PTI Among top losers were ICICI Bank, Vedanta, HDFC, Tata Motors, Tata Steel, ONGC, IndusInd Bank, NTPC, M&M and L&T The sensex nosedived 769.88 points to end at 36,562.91 and the Nifty tanked 225.35 points to 10,797.90 today after heavy selloff in banking, energy and auto stocks as a slew of macroeconomic data releases suggested a worsening economic slowdown. Top losers in the sensex pack included ICICI Bank, Vedanta, HDFC, Tata...
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India's budget math faces a tough challenge now -Nikita Kwatra
-Livemint.com To keep up with the pressure of making headline fiscal deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending As with every other Union budget in the country, all eyes will focus on the fiscal deficit number that India’s new finance minister, Nirmala Sitharaman presents on 5 July in her maiden budget speech. But for many investors and analysts, how that...
More »RTI: Pvt firms make a killing from crop insurance scheme -Vishav Bharti
-The Tribune Pocket more than Rs 8,000 cr in two years; Rs 11 cr a day on average Chandigarh: Rs 11 crore in a day! That was the average of profit of the private insurance companies from Pradhan Mantri Fasal Bima Yojana in the past two financial years. There were 18 companies that got contracts under the crop insurance scheme. Out of them just five are in public and 13 in the private...
More »Under Modi's Crop Insurance Scheme, Companies Owe Farmers a Whopping Rs 2,800 Crore -Kabir Agarwal and Dheeraj Mishra
-TheWire.in Claims have remained unpaid even after the stipulated period of two months has long passed. New Delhi: In January 2016, when the Narendra Modi led government announced the new crop insurance scheme – Pradhan Mantri Fasal Bima Yojana (PMFBY) – it had said that one of the key improvements over previous schemes would be that claims would be settled on time. However, RTI data received and reviewed by The Wire has revealed...
More »Is crop insurance scheme losing steam? -Ashok Kumar
-The Hindu Of the 84 lakh farmers who withdrew, 68.31 lakh are from the four BJP-ruled States: reply to RTI Gurugram: More than 84 lakh farmers, which is around 15% of the total farmers insured in the first year of the Union government’s ambitious Pradhan Mantri Fasal Bima Yojana in 2016-17, withdrew themselves from the scheme in 2017-18, a reply to an RTI application has revealed. It includes 68.31 lakh farmers from the...
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