-The Hindu Business Line Farmers’ incomes are too inadequate for actuarial premium rates to work for them The farm crisis in India continues unabated, proving all the governmental nostrums ineffective. Unfortunately, the new crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — recently cleared by the Union Cabinet, to be implemented from the kharif crop cycle beginning this June, too, is unlikely to bring in any significant relief to...

-The Hindu Business Line The absence of a strong framework can hold up productivity improvements. But GEAC is better than having no regulator at all The clamour for the state to regulate (as against the powers of the legally mandated regulatory agency), field trials of bio-technology seeds for cotton and then mustard, is truly extraordinary. It has serious long-term consequences for the economy. The challenges to the Genetic Engineering Advisory Council’s powers to regulate the...

-Livemint.com Pradhan Mantri Fasal Bima Yojana will kick in from April, before planting for the next rain-fed kharif crop begins The government wants to cover 50% of all farmers under a new and revamped crop insurance policy that seeks to shield farmers from weather-related risks, Prime Minister Narendra Modi said on Thursday. The new scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), was approved by the cabinet on 13 January to address rural...

-PTI "At the ground level, PMFBY and the Guidelines will make no difference to the farmer-as is prevalent now, the insurance premium will be deducted without the farmers' knowledge, consent and information and when there is crop loss, the same yield based assessment arbitrarily decided by patwaris will apply," Abhiyan added. Criticising the new crop insurance scheme launched by Prime Minister Narendra Modi, Swaraj Abhiyan said it will make no difference to...

-Business Standard The move comes after a joint action panel recommended use of traditional varieties as they were immune to pest attacks Chandigarh: Farmer suicides in Punjab and Haryana in the aftermath of extensive damage to the cotton crop in 2015-16 due to pest attack has led to a swing in official opinion against genetically modified (Bt) seeds. A Joint Action Committee was appointed by the two state governments on the causes and...