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Heavy rain hits harvest, Maharashtra faces crop loss of Rs 5,000 crore in 30 districts -Parthasarathi Biswas

-The Indian Express In many areas, farmers had harvested their crop but did not get time to shift the produce to a dry location as the rain caught them unawares. Farmers in Maharashtra are staring at crop loss of over Rs 5,000 crore across 30 districts after heavy rain caused extensive damage to standing crop in the last few days. The scale of crop loss may be even worse as authorities...

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Revised draft Seeds Bill goes soft on compensation issue -TV Jayan

-The Hindu Business Line Clause for compensation panel, regulation of seed prices scrapped New Delhi: The revised draft Seeds Bill 2019, which the Ministry of Agriculture and Farmers’ Welfare placed in the public domain recently for suggestions and comments, seems to be a watered down version of a draft prepared about nine years ago by the then United Progressive Alliance (UPA) government. Among other things, the new draft has done away with the...

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Govt set to bring in stipend to skill up MGNREGA workers -Harikishan Sharma

-The Indian Express Mahatma Gandhi National Rural Employment Guarantee Act, 2005, provides unskilled manual work for 100 days to eligible rural households. Facing criticism over rising unemployment and rural distress, the Union government plans to launch a new project under which a stipend of up to Rs 20,000 will be given to Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) labourers who undergo training in skills such as masonry or carpentry. The...

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Centre plans new FRDI Bill, hike in deposit insurance -Madhusudan Sahoo

-The Asian Age The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the demands of circumstances. New Delhi: With several financial institutions in the country standing on the edge of distress, the Central government is likely to increase insurance cover for bank deposits. Currently, only Rs 1 lakh deposit of each customer is issured. The Finance Ministry is also mulling to...

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Too much of rains have spelt disaster for farmers in India's soyabean bowl -Milind Ghatwai

-The Indian Express The average modal price of soyabean in the Ujjain mandi has risen from Rs 3,576 to Rs 3,970 per quintal since the start of this month. The current rates are above the MSP of Rs 3,710 declared by the Modi government for the 2019-20 kharif season. Sehore (MP): standing in ankle-deep water engulfing his field, Kamal Singh Dhangar takes a wild shot at the likely yield from the...

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