-Down to Earth The draft, which has been prepared with focus on conservation and climate change, has been sent to states seeking comments The Ministry of Environment, Forest and Climate Change (MoEF&CC) has finalised the first draft of the comprehensive amendments to the Indian Forest Act, 1927 (IFA). The 123-page draft provides definitions to important terms that were missing from the law. The draft has been prepared based on the inputs of a...
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PM Fasal Bima Yojana is suffering from low coverage since the last 2 years
The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...
More »Plough's share
-The Indian Express Subsidy for crop insurance is preferable to fertiliser, power or farm credit. But Centre should bear the full cost for the scheme. A well-conceived and pro-farmer crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — is faced with the prospect of going the fertiliser subsidy way. Just as in the latter’s case, the benefits from subsidy on crop premiums, too, seems to be going primarily...
More »No more tax! Medical bills in Kerala likely to come down
-The New Indian Express In a major relief to in-patients, the Kerala High Court on Friday said medicines, implants and other materials used during procedures at hospitals do not constitute sale and sales tax cannot be levied KOCHI: Medical bills in hospitals across the country are skyrocketing, but Kerala may see a downward trend. In a major relief to in-patients, the Kerala High Court on Friday said medicines, implants and other...
More »Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss -George Mathew
-The Indian Express According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. Mumbai: ELEVEN private insurers are set to register Profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs...
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