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Why parties prefer freebies to investments in election manifestoes -Ashok Gulati

-Financial Express It is the season of promising freebies to lure voters. Congress leads in these promises. It has promised a loan waiver in Chhattisgarh within 10 days of coming to power; and the hiking of minimum support price (MSP) of paddy to Rs 2,500/quintal, up from Rs 1,750/quintal, a 43% raise over the already increased MSP of paddy. In Madhya Pradesh, it has promised a loan waiver of up to...

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Jean Dreze, development economist, interviewed by G Sampath (The Hindu)

-The Hindu The Indian education system would be a good place to start with reforms, says the development economist Jean Drèze is possibly the world’s most famous Belgian-Indian. He has lived in India since 1979, and is an Indian citizen. As a development economist and activist, he has helped draft some startlingly pro-people legislations, such as the Mahatma Gandhi National Rural Employment Guarantee Act, 2005, and the National Food Security Act, 2013....

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Drought warning

-The Indian Express For governments both at the Centre and in the concerned states, the most sensible option is to act fast. After two years of relatively good rains, large parts of Maharashtra (especially the Marathwada region and the adjoining districts of Jalgaon, Nashik, Ahmednagar, Sholapur, Amravati and Yavatmal), North Gujarat, Saurashtra, Kutch and North Karnataka are reeling under drought. What is different this time is that it has been induced...

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The BJP government's crop insurance scheme costs more and works less -Nilesh Jain

-The Telegraph The scheme has consumed thrice as much money as earlier schemes without increasing the number of beneficiaries The new farm insurance scheme, introduced in 2016, the Pradhan Mantri Fasal Bima Yojana, has reportedly consumed thrice as much money as earlier schemes without either increasing the number of beneficiaries or giving farmers a fair claim. The PMFBY allows states to choose insurance companies through competitive bidding. Companies which propose to collect...

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Firms earned Rs 15,795 crore in 2 years of Fasal Bima Yojana -Deepender Deswal

-Tribune News Service RTI reply indicates 1.5 times jump in profit of insurers in a year Hisar: Insurance companies across the country earned a whopping Rs 15,795 crore as profit in two years from the Pradhan Mantri Fasal Bima Yojana (PMFBY), according to a reply received under the Right to Information Act. While the farmers’ wait for increase in income continues, the profit of insurance firms increased by one-and-a-half times in just one...

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