-The Hindu Govt. working on scheme to offer financial support to both employers, employees in IT/ITES sector The government is working on a scheme to push work-from-home jobs in the IT sector by offering financial incentives to both employees and employers. “Incentivising work-from-home jobs through policy-level initiatives can help in creating jobs in the ITES domain while increasing the available talent pool for the sector. This will create employment opportunities in the IT/ITES...
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Cabinet clears voluntary use of Aadhaar as identity proof
-The Hindu The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the promulgation of an Ordinance to allow voluntary submission of Aadhaar as identity proof for use by private entities such as banks, telcos and fintech firms. The Ordinance also gives a child an option to exit from the Aadhaar on attaining 18 years of age. “The amendments proposed are the same as those contained in the Bill passed by...
More »PM Fasal Bima Yojana is suffering from low coverage since the last 2 years
The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...
More »Plough's share
-The Indian Express Subsidy for crop insurance is preferable to fertiliser, power or farm credit. But Centre should bear the full cost for the scheme. A well-conceived and pro-farmer crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — is faced with the prospect of going the fertiliser subsidy way. Just as in the latter’s case, the benefits from subsidy on crop premiums, too, seems to be going primarily...
More »RTI: Pvt firms make a killing from crop insurance scheme -Vishav Bharti
-The Tribune Pocket more than Rs 8,000 cr in two years; Rs 11 cr a day on average Chandigarh: Rs 11 crore in a day! That was the average of profit of the private insurance companies from Pradhan Mantri Fasal Bima Yojana in the past two financial years. There were 18 companies that got contracts under the crop insurance scheme. Out of them just five are in public and 13 in the private...
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