-ANI The statistics for farmer suicides in India are as striking as they are shameful. One farmer suicide every 30 minutes in 2009, screamed a NYU School of Law report earlier this year. If one accepts that many suicides also go unreported, even this shocking statistics is perhaps an under-estimation. Why, then, would another three suicides, this time in Madhya Pradesh's Hoshangabad District, be newsworthy? For one, the suicides took place during the...

The finance ministry is putting shape to a new social security scheme for unorganized sector workers, creating for the first time a safety net for millions of underpaid and overworked people, many of whom living in abject poverty.  The ministry has discussed with the Life Insurance Corporation (LIC) and the four state run non-life insurance companies the contours of this scheme that will provide life insurance, health cover and retirement pension...

Government proposes to provide basic insurance coverage to an estimated 43 crore unorganized workers Furthering the United Progressive Alliance (UPA) government’s objective of inclusive growth, the National Advisory Council (NAC) headed by Congress president Sonia Gandhi will discuss ways of bringing India’s unorganized workers under the social security net in its meeting on 29 November. A new NAC working group on social security is working on draft recommendations that will seek to...

The Life Insurance Corporation (LIC) invested more than Rs 3,600 crore last year in the tobacco industry, anti-tobacco activists and cancer specialists said today, describing the investments as ironical and unethical. Figures obtained through the right to information route by a consortium of activists and doctors show that in 2010-11, LIC had invested in shares of ITC and VST Industries and in debentures of Dharampal Satyapal Ltd, which makes chewable tobacco...

The Planning Commission has proposed the introduction of a state-funded health insurance programme by 2017 to cover every citizen of the country. The panel has suggested that the government formulate financial incentives for beneficiaries of the insurance programme as well as their employers to encourage them to participate in the plan. “The 12th Plan (2012-17) will explore the possibilities of introducing a government-funded health insurance plan for every citizen along the lines...