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New crop insurance scheme will cover 50% of farmers: Jaitley -Deepa Nair

-The Hindu Business Line Mumbai: The newly-launched Pradhan Mantri Fasal Bima Yojana (PMFBY) will bring about 50 per cent of India’s farmers in the crop insurance net and help reduce the prevailing distress in the agriculture sector, according to Finance Minister Arun Jaitley. PMFBY is distinct from all earlier schemes in the sense that it not only takes the number of insured farmers to a higher level (from 20 per cent earlier...

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The budget’s dangerous philosophy -Harsh Mander

-Livemint.com The government relies on for-profit big business to deliver public goods despite their inability to deliver Can we listen to the budget as an annual public statement by the government of its economic and social philosophy and intent? The centre abandoned five-year plans that earlier laid down a road map of where government policies are headed. The budget, then, is an important reality check of whether the government is literally...

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Government aims to bring 50% farmers under PMFBY in next few years

-PTI MUMBAI: Government is targeting to double the Insurance coverage under crop insurance through Pradhan Mantri Fasal Bima Yojana (PMFBY) in a couple of years, a senior government official said here today.  The scheme will be implemented in the country effective from April 1.  "The government is targeting to double the crop Insurance coverage in the country through Pradhan Mantri Fasal Bima Yojana in a couple of years," joint secretary ministry of agriculture...

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Poll odds against a pro-poor BJP -Mayank Mishra

-Business Standard Data from past elections suggest that the saffron party gets fewer voters from the poor From postponing a hike in railway fare to promising doubled farmers' income in the next five years, from the prime minister holding a number of farmers' rallies to renewed focus on augmenting rural growth and enhancing allocation for the Mahatma Gandhi National Rural Employment Guarantee scheme in the Union Budget, the National Democratic Alliance government...

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Budget 2016: In the right direction -S Mahendra Dev

-The Indian Express Budget 2016 has a greater focus on the rural and social sectors. But the challenge will lie in improving delivery systems. Indian agriculture as well as the rural sector have been in distress in the last two years due to deficit rainfall and the decline in global commodity prices. The rural non-agriculture sector, too, has been under stress due to the lack of demand for manufacturing and services. It...

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