-The Hindu Business Line The new scheme offers lower premium, more risk cover and hassle-free settlement Crop insurance schemes have not been a hit with Indian farmers in the past. High premia, limited coverage, complicated ways of assessing losses and delayed payment of compensation have kept farmers away from them. Given the high risk of crop damage in India, with significant loss in food grain production in 18 of the last 54 years...
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Is agriculture a business? -Harish Damodaran
-The Indian Express Yes, except that farmers suffer rules other businessmen never encounter Agriculture is said to be India’s largest private-sector enterprise, engaging nearly 119 million farmers (“cultivators”) and another 144 million landless labourers, as per the 2011 Census. It is even considered the most respectable business, going by the oft-quoted slogan “uttam kheti, madhyam vyapar, kanishtha naukri (supreme is farming, mediocre is trade and most lowly is service)”. But the exalted...
More »Golden yields - Focusing on agriculture alone will not improve farm incomes -Shubhashis Gangopadhyay
-The Telegraph The recent budget talked about the government's plan to double farm incomes in the next five years. This will be done through investments in rural infrastructure, especially irrigation. About 50 per cent of land under foodgrain production in India is irrigated. This means that half of the foodgrain producing land in India faces weather uncertainties and, hence, those working on them face annual (seasonal) variations in income. These variations...
More »PM Modi outlines 7-point strategy to double farmers' income
-IANS NEW DELHI: Prime Minister Narendra Modi on Monday unveiled a seven-point strategy to double the income of farmers in six years with measures to step up irrigation, provide better quality seeds and prevent post-harvest losses. "In the past, the emphasis has been on agricultural output, rather than on farmers' incomes. I've set the objective of doubling the farmers' income by 2022," the prime minister told the Bloomberg India Economic Forum here. "I...
More »Crop insurance revisited
-The Hindu Business Line India should fine-tune its scheme to make it WTO-compliant The fact that the Centre’s new crop insurance scheme has hit a WTO speedbreaker does not really surprise. The EU, Canada, Australia and Thailand have implicitly said that in its present form, insurance payouts cannot readily be placed in the ‘green box’ — one that exempts certain expenditures from farm subsidy calculations for WTO purposes. They have, in effect,...
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