-TheWire.in Making crop insurance mandatory for loanee farmers provided an attractive deal for insurance companies. Without this, will the business still be viable? This is the first in a two-part series about the changes made to the Pradhan Mantri Fasal Bima Yojana. On February 19, 2020, the Union Cabinet approved major modifications to the two crop insurance schemes, the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop insurance Scheme (RWBCIS). While...
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Listing LIC could make its investments riskier -Aunindyo Chakravarty
-The Tribune LIC is India’s biggest stock-market investor. Once listed, it might be tempted to increase its exposure to equities. We know what that did to India’s most popular mutual fund in the late 1990s. UTI’s US-64 collapsed because it had made too many risky investments. Most of 20 crore small investors never recovered investments A few years ago, I was part of a jury to select the best businesses in India...
More »With savings rate falling, phasing out exemptions may hit it harder -Udit Misra
-The Indian Express The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the personal income tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as...
More »Budget, a mixed bag for farmers -Sukhpal Singh
-The Hindu Business Line While proposals on agri-warehousing and viability-gap funding are positive, MGNREGA cutbacks could have been avoided The Economic Survey had a full chapter on agriculture and food management issues, highlighting the role of agricultural GDP; Minimum Support Price (MSP) regime, mechanisation of agriculture, farm credit, crop insurance, agri research and education, including in allied sectors such as livestock and fisheries, food processing and agricultural trade, besides rationalisation of food...
More »Deposit insurance cover raised to Rs.5 lakh
-The Hindu The first increase in 27 years assumes significance in the wake of the crisis at PMC Bank Mumbai: The government has decided to increase the insurance cover for bank deposits to ?5 lakh from ?1 lakh, Finance Minister Nirmala Sitharaman said in her Budget speech. This is the first time since 1993 that the deposit insurance cover has been raised. The Finance Minister assured that there was a robust mechanism in...
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