-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...

-The Telegraph The party dubbed false the government’s claim that over 10 crore families will get insurance cover up to Rs 5 lakh for a premium of only Rs 1,100 a year The Congress on Saturday alleged that Prime Minister Narendra Modi’s much-hyped health scheme, Ayushman Bharat, was built on the wrong foundation, allowed corporates and private hospitals to mint money and incentivised fraud. The party also dubbed false the government’s claim that...

  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,...

-Scroll.in Private Insurance Companies have benefitted more than farmers from the new crop insurance scheme.     Pradhan Mantri Fasal Bima Yojana was launched to expand crop insurance coverage in India     But coverage has shrunk, despite compulsory enrollment of farmers at the time of taking loans     Private companies retain a larger share of government funds than before     Farmer groups have opposed compulsory enrollment and complained about payment delays.   In its manifesto for the...

-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...