-The Hindu Business Line Despite a lively debate in recent weeks on whether food prices have now moved to being structurally low, analysts believe that this is only a transient phenomenon and food prices, on a sequential basis, have already begun to rise. Retail inflation may be at an 18-month low but prices, especially of food items, are likely to see a pick-up over the next few months with average inflation expected...
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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 »Grain populism: As polls near, states embark on aggressive paddy procurement -Harish Damodaran
-The Indian Express Chhattisgarh, Bengal and UP emerge frontrunners in extending MSP-plus support to farmers Call it the impact of the ensuing national elections: Governmental procurement of rice, the country’s largest crop by planted area, looks set to surpass 40 million tonnes (mt) for the time ever in the current marketing year that runs from October to September. That would work out to more than a third of the total projected...
More »The Pradhan Mantri Fasal Bima Yojana (PMFBY) -- Lesser than a Solution -Santosh Verma
-Vikalp.ind.in During the past three and half decades, various governments at the centre introduced several crop insurance schemes for the farmers to lessen the risks (partial or full) involved due to natural calamities and crop diseases. In 1985, in its very first attempt, the Government of India (GoI) launched Comprehensive Crop Insurance Scheme (CCIS) with a mandate to a national coverage. In 1999, CCIS was replaced with a new scheme called...
More »Government weighs options for pre-poll farm package -Vishwa Mohan
-The Times of India NEW DELHI: Will it be Telangana’s ‘Rythu Bandhu’ or Odisha’s ‘Kalia’ scheme which the Centre bets on in its much anticipated farm package ahead of general elections? Apart from these two schemes, the Centre is also looking at some proposals including area-based income compensation and waiving off premium for crop insurance and interest on loans for farmers who pay on time. The Centre’s farm options are due to...
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