-The Hindu Business Line India should fine-tune its scheme to make it WTO-compliant The fact that the Centre’s new crop insurance scheme has hit a WTO speedbreaker does not really surprise. The EU, Canada, Australia and Thailand have implicitly said that in its present form, insurance payouts cannot readily be placed in the ‘green box’ — one that exempts certain expenditures from farm subsidy calculations for WTO purposes. They have, in effect,...
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New crop insurance scheme will cover 50% of farmers: Jaitley -Deepa Nair
-The Hindu Business Line Mumbai: The newly-launched Pradhan Mantri Fasal Bima Yojana (PMFBY) will bring about 50 per cent of India’s farmers in the crop insurance net and help reduce the prevailing distress in the agriculture sector, according to Finance Minister Arun Jaitley. PMFBY is distinct from all earlier schemes in the sense that it not only takes the number of insured farmers to a higher level (from 20 per cent earlier...
More »LPG for every Indian household -Abhishek Jain
-The Hindu The Pradhan Mantri Ujjwala Yojana scheme, which recognises the importance of clean cooking energy, is welcome. But we need to focus on issues of cash flow, awareness, availability and administration Within a fortnight of the recently announced Union Budget, the Cabinet Committee on Economic Affairs approved the Pradhan Mantri Ujjwala Yojana, earmarking Rs. 8,000 crore for it, with the aim of providing five crore subsidised Liquefied Petroleum Gas (LPG)...
More »Recharge groundwater to keep taps flowing, say experts -Sanjeeb Mukherjee
-Business Standard India should invest in mapping the country's aquifers and take steps to aid groundwater recharge to check a looming water crisis, experts said. With 40 per cent of the country under the impact of consecutive failed monsoons, water rationing could become a norm in many parts of the country in the coming summer, they warned. According to a recent Central Water Commission report, water levels in the Maharashtra reservoirs are 58...
More »Inflation higher in poorer states
-The Financial Express This is a double whammy for the poor. Despite a fall in retail inflation to 5.18% in February from a 17-month high of 5.69% in the previous month, most of the lower-income states witnessed higher retail inflation than the richer ones, reports fe Bureau in New Delhi. According to DK Joshi, the chief economist at Crisil, higher-income states like Haryana, Kerala, Uttarakhand, Maharashtra and Gujarat saw lower retail inflation...
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