-The Financial Express A new crop insurance scheme the Modi government is set to roll out shortly seeks to cap the premium paid by farmers at about 3% of the insured value. A new crop insurance scheme the Modi government is set to roll out shortly seeks to cap the premium paid by farmers at about 3% of the insured value, cover a substantial part of the country’s farmland and crop output...
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For drought-hit farmers, higher compensation still a pittance -Sanyantan Bera
-Livemint.com The govt did increase compensation for crop damage to 50% and even relaxed norms for claims but farmers will get less than a fifth of what they have lost to drought New Delhi: In April, Narendra Modi announced an increase in compensation for crop damage, a move the prime minister termed as a landmark decision and one that will impose a great burden on his government. His announcement followed unseasonal...
More »Killing fields
-The Hindu Business Line Crop insurance will make farming a safer vocation The plight of Punjab’s cotton farmers after a swarm of ‘whiteflies’ ravaged their crop is truly disquieting. In a knee-jerk response, Punjab has promised ₹640 crore for over two-third of the crop being destroyed, but on what basis, it is hard to tell. This highlights the absence of crop insurance in Punjab, as pointed out by a recent Crisil study....
More »New crop insurance scheme to charge 2% premium for pulses -Sanjeeb Mukherjee
-Business Standard At present, the average crop insurance premium on pulses that a farmer has to pay ranges between 10 per cent and 12 per cent of the sum insured New Delhi: To provide a safety net to growers of pulses, which could also help boost production, the Centre's proposed new crop insurance policy has pegged the burden of premium on pulses at a moderate two per cent of the sum insured. Officials...
More »Destruction of US credibility at WTO -Timothy A Wise and Biraj Patnaik
-Livemint.com It is hypocritical of the US to give price support to its farmers while denying it to the world’s poorest farmers The tenth ministerial conference of the World Trade Organization (WTO), to be held in Nairobi on 15-18 December, is already mired in discord, with negotiators unable to agree on a mandated post-Bali work programme. At issue are US and European Union (EU) proposals to scrap the texts agreed to thus...
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