-Newsclick.in Insurance companies have already earned about Rs.16,000 crore in three seasons. The much-hyped Pradhan Mantri Fasal Bima Yojana (PMFBY) – supposed to provide insurance protection to farmers against crop losses due to natural events – has turned into a bonanza for insurance companies while farmers are angry over delays in claim settlement, rejections and paltry compensation. Launched in 2016, four full seasons have passed since and the financial transactions show earnings...
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The Indian economy's changing growth constraints -Niranjan Rajadhyaksha
-Livemint.com The job of policy strategists is always to identify the binding constraints to growth and then try to figure out which policies will help ease them Economists of a certain vintage will remember the old development models in which rapid economic growth was held back by three key constraints. The first was the savings constraint. A poor country such as India could not save enough of its annual national income to sustain...
More »India has the highest number of organic farmers globally, but most of them are struggling -Kiran Pandey & Rajit Sengupta
-Down to Earth Poor policy measures, rising input costs and limited market are affecting growth of organic farming in the country. India is home to 30 per cent of the total organic producers in the world, but accounts for just 2.59 per cent (1.5 million hectares) of the total organic cultivation area of 57.8 million hectares, according to the World of Organic Agriculture 2018 report. At the same time, most organic farmers are...
More »With rain deficit looming, IMD to 'review' forecast -Jacob Koshy
-The Hindu Shortfall unlikely to impede Agriculture, officials say. Amidst concerns that monsoon rains could fall short of “normal,” the India Meteorological Department (IMD) is reviewing its projections. Officials, however, told The Hindu that while July rains were less than expected, the shortfall was confined to the northeastern States of India and below-normal rains were unlikely to impede Agriculture production. It’s expected to take a call before the weekend on whether to stick...
More »Why There Is A Rise In Farm Labour Suicides -Akhil Alha
-Outlook The collection of separate figures for suicides of farmers and farm labour has started in 2014, the year in which there were 5650 farmers committed suicides as against 6710 cases of farm labour suicides. According to the latest figures released by the government, farmer suicides in 2016 have come down to 6351 from 8007 in 2015, a drop of 21 per cent. Suicides among agricultural labourers, however, have gone up by...
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