-Financial Express Implementation of farm loan waivers by various state governments has led to a sharp decline in both the number of insurance policies and the farm area insured under the Pradhan Mantri Fasal Bima Yojana (PMFBY). According to data gathered by FE, during kharif 2018 (the harvesting of the crop is on), the number of insured loanee farmers under PMFBY was just over 2 crore, compared with 3 crore such...
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Get the model right: on state-sponsored insurance -Americai V Narayanan & Kavya Narayanan
-The Hindu For state-sponsored insurance, governments should avoid insurance companies World Bank data, in 2015, showed that nearly 65% of health-care expenditure in India is “Out of Pocket” (OoP). A report by the World Health Organisation has shown that around 3.2% of Indians would fall below the poverty line because of high OoP health expenditure. Thus, a national health insurance scheme like the Ayushman Bharat is welcome. While the principle of insuring a...
More »India claims to be self-sufficient in food production but facts say otherwise -Jitendra
-Down to Earth If the government decides to feed all its hungry people, India's tag of a net exporting country will be easliy lost India is riding high on the agricultural success story it has written over the past few years. Record-breaking food-grain production was registered in seven years in the past decade. From 217 million tonnes in 2006-07, the country’s production jumped to 275.11 million tonnes in 2016-17. Three years...
More »RBI data counters RBI claim: Credit to small firms shrinks -Sandeep Singh
-The Indian Express On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch. While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks’ credit outstanding to the Micro, Small and...
More »Demonetisation: Is data being cherry-picked to show note ban delivered? -Rupa Subramanya
-Financial Express Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? In other words, have the tax base and tax revenue increased substantially due to demonetisation? Minister of finance Arun Jaitley, and assorted defenders of the government, do make these claims. Writing in...
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