-The Times of India NEW DELHI: The government's ambitious crop insurance scheme has proved to be a jackpot for insurance companies last year, which collectively earned 85 per cent profit (after excluding administrative and reinsurance expenses) during the 2017-18 kharif season. Kharif is an Indian cropping season which extends from July to October. 17 insurance firms (5 public and 12 private) empanelled under the Pradhan Mantri Fasal Bima Yojana (PMFBY) registered a...
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A vote of no confidence from the farmers -Yogendra Yadav & Avik Saha
-The Hindu There is enough evidence to show that the government has failed farmers and agricultural labourers in a big way As the Lok Sabha debates the vote of no confidence today, representatives of farmers from across the country will be marching outside Parliament under the banner of All India Kisan Sangharsh Coordination Committee (AIKSCC), an umbrella body of 201 farmer organisations. Farmers have already passed a vote of no confidence against...
More »Modi's Flagship Crop Insurance Scheme Wavering as Farmers Continue to Suffer -Bani Bedi
-TheWire.in In Maharashtra, a mere 7% of total claims have been settled under the Pradhan Mantri Fasal Bima Yojana. New Delhi: In April this year, Beed district in Maharashtra won an award for ‘effective implementation’ of the Pradhan Mantri Fasal Bima Yojana (PMFSBY) – the Centre’s flagship crop insurance scheme for farmers. However, last week it was reported that farmers in Beed were provided compensation amounts of Re 1, Rs 2,...
More »Crop insurance shocker: Maharashtra farmers receive meagre Rs 1 to Rs 5 as compensation
-PTI While 773 farmers got Rs one each as compensation, 669 farmers received Rs two each from the insurance company. MUMBAI: Over 2,000 farmers in a tehsil in Maharashtra have received crop insurance compensation ranging from Rs one to Rs five each, an official said. While 773 farmers got Rs one each as compensation, 669 farmers received Rs two each from the insurance company. Rs three each were deposited into the bank accounts...
More »The paradox of job growth -R Nagaraj
-The Hindu Besides the missing informal sector, over-estimation of output growth also offers clues Are the latest employment estimates by the Central Statistics Office (CSO) factually correct? No. They are off the mark, and confined to the economy’s organised or formal sector, accounting at best for 15% of the workforce. Is there a paradox in high output growth rates and the marginal effect on employment? Probably not, if one acknowledges that GDP...
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