-Financial Express Implementation of farm loan waivers by various state governments has led to a sharp decline in both the number of insurance policies and the farm area insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY). According to data gathered by FE, during kharif 2018 (the harvesting of the crop is on), the number of insured loanee farmers under PMFBY was just over 2 crore, compared with 3 crore such...

-The Telegraph The scheme has consumed thrice as much money as earlier schemes without increasing the number of beneficiaries The new farm insurance scheme, introduced in 2016, the Pradhan Mantri Fasal Bima Yojana, has reportedly consumed thrice as much money as earlier schemes without either increasing the number of beneficiaries or giving farmers a fair claim. The PMFBY allows states to choose insurance companies through competitive bidding. Companies which propose to collect...

-The Hindu Business Line Many regions saw rain deficits; Maharashtra, Karnataka have already declared a drought New Delhi: Even though many States have declared a drought-like situation in some pockets of their respective territories, agricultural input companies are putting up a brave fight saying the situation is not all that bad and hoping it would have little impact on their bottomlines. While the Met department, in its end-of-season report, said the country as...

-The Tribune Need to readjust premium to favour farmers Insurance firms, both in the public and private sectors, have reportedly made a killing by offering crop insurance to farmers in about two dozen states. The Tribune reported abnormal gains by a dozen insurance firms through the Pradhan Mantri Fasal Bima Yojna (PMFBY). Insurers reportedly received a gross premium of Rs 22,362 crore under the scheme in 2016-17 and saved huge sums even...

-The Hindu Hundreds of species of pollinators may be in dangerous decline Across India’s agrarian plains, plantations and orchards, millions of birds, bats and insects toil to pollinate crops. However, many of these thousands of species may be in dangerous decline. In 2015, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) found that pollinators lead to huge agricultural economic gains. The report estimated pollinator contribution in India to be $0.831-1.5 billion...