-PTI As many as 35 fresh rain-related deaths were reported from Uttar Pradesh alone NEW DELHI /PATNA /LUCKNOW: As many as 48 people died in rain-related incidents, majority of them in Uttar Pradesh, while incessant rainfall in Bihar, where an alert has been sounded, left the streets of state capital Patna and other areas waterlogged and residences of at least two ministers marooned. As many as 35 people lost their lives in Uttar...
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Premium rates under PM Fasal Bima Yojana continue to rise, pinching farmers and the govt -Rajalakshmi Nirmal
-The Hindu Business Line Insurance companies say changing guidelines under PMFBY have increased their costs Chennai: With insurers increasing premium rates every year, farmers and the government -- State and the Centre -- are coughing up more under the Pradhan Mantri Fasal Bima Yojana (PMFBY). Sample this: In 2016-17, the premium rate was 10.75 per cent (of sum insured). This increased to 12.36 per cent in 2017-18 and to 12.60 per cent in...
More »Govt pushes zero budget farming; farmers, experts say no road map in place -Anju Agnihotri Chaba
-The Indian Express The government claims that if input cost is decreased, farmers will not need to take loans and with zero inputs, they will only earn from their crops without spending anything. Jalandhar: THE PUNJAB government has asked agriculture offices across all 22 districts to register 150 farmers each for ‘zero budget natural farming’ to mark the 150th birth anniversary of Mahatma Gandhi, after getting a letter from the Centre...
More »IAS officer refuses to divert funds, shunted out
-The Telegraph Yediyurappa sought department cash for flood relief Bangalore: The Karnataka government has shunted out an IAS officer who reportedly refused to divert funds from her department for flood relief. Rohini Sindhuri, secretary of the Karnataka Building and Other Construction Workers’ Welfare Board, was shifted without a posting after she apparently ignored orders to contribute a slice of the department’s funds for flood relief. Chief minister and BJP leader B.S. Yediyurappa had...
More »RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account
-PTI MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans...
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