The Government on Thursday approved the Modified National Agricultural Insurance Scheme (MNAIS). Significantly, Private Sector insurers with adequate infrastructure and experience will also be allowed in the implementation of MNAIS. “With the introduction of the modified scheme, it is expected that an increased number of farmers will be able to manage risk in agriculture production in a better way and will succeed in stabilising farm income particularly at times of crop failure...
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Food inflation jumps to 15.1% on supply constraints
Food inflation rose for the third week running as floods disrupted supplies, but most economists see food prices easing soon. Inflation in food articles in the new series with 2004-05 base was 15.1% for the week ended September 4, compared with 14.6% in the week before, data released on Thursday showed. The central bank chose to lift rates in its policy review on Thursday saying inflation is still a big...
More »Indian households spend 7% of total expenditure on healthcare, says survey
The out-of-pocket healthcare spending by Indians continues to push them further into poverty with the public spending on health is almost negligible, according to the India Health Report 2010. Studies have documented that households in India spend a disproportionate share of their consumption expenditure on health, with the contribution from government being almost negligible. Public spending on health is very low, stagnant at about 1 per cent of GDP, putting India...
More »Q+A - India confronts land grabs in industry push by CJ Kuncheria
As India rapidly industrialises, the government and private firms are seeking large tracts of farm land to build factories, power plants and highways, sparking off violent protests by farmers and others. Here are some questions and answers on the issue: WHY IS LAND A BIG ISSUE? For many Indians, land is the only asset or social security that they possess and is a mark of social standing. Nearly 60 percent of India's 1.2...
More »An Indian health-care model
The Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, has proposed that organised sector employers be mandated to initiate jointly funded health insurance cover for their employees. In the process he has flagged off what should be a major debate. As the Indian state raises its abysmally low expenditure on health care, should it all go into better funding of the public health-care system or should a part of...
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