One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

The Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round), which was released recently, informs one about farm households' income in the crop year 2018-19 and indebtedness in 2019 (as on the date of survey), among other things. Prior to the recent report, Land and Livestock Holding Surveys (LHS) and Situation Assessment Survey (SAS) of Agricultural Households used to be...

-Down to Earth Farmers yet to be paid Rs 5,724 crore for claims made in 5 years since scheme launch The Pradhan Mantri Fasal Bima Yojana (crop insurance scheme) may have benefitted some farmers but insurance companies surely made the most of it. In the five years since the scheme was launched, these companies received Rs 1,26,521 crore in premium payments and paid Rs 87,320 crore to farmers in loss claims — a...

-Article-14.com Over 3 years to 2020, as India’s farm crisis deepened, 18 insurance companies running Prime Minister Narendra Modi’s crop-insurance scheme rejected nearly a million claims. As pandemic and pestilence devastated farms, we reveal how the scheme’s complex fine print frustrates farmers and disregards individual loss Hisar, Haryana: As 2020 began, Haryana cotton farmer Ramandeep sensed it would be harsher than the previous years: the winter rains were scanty, withering his crop...

-Down to Earth Improved access to new markets, better yields and higher income need to safeguard environmental sustainability and farmers’ indebtedness The ongoing agitation by farmers on the borders of Delhi provides an opportunity to flag concerns about various aspects in the agriculture sector, including the environment, society, economy, food security and risk coverage for farmers. Several commentators have already spoken about the 2020 farm laws, supported by statistics, and experience. Many of...