-The Financial Express Pune: While the sowing area of pulses is up 3.5% across the country, it has gone down by 19.22 % for arhar (tur) , according to latest estimates by the government. The data indicates sowing area of 93.36 lakh hectares for pulses against 90.30 lakh hectares same time last year. For arhar , the area is 29.32 lakh hectares compared to 36.30 lakh hectares last year. Tur sowing...
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CAG spots huge gaps in PM's Fasal Bima Yojana, other crop insurance schemes -Sanjeeb Mukherjee
-Business Standard Says over Rs 32,000-crore released to insurers from 2011-16 without verification of beneficiaries The crop insurance continues to be a problematic area despite the Centre launching the much-touted Pradhan Mantri Fasal Bima Yojana (PMFBY) from Kharif 2016 replacing two old schemes with no or marginal increase in coverage of non-loanee Farmers, lower sum insured as compared to scale of finance and delayed claim settlement which defeated the very purpose of...
More »Crop insurers made Rs 10,000 crore profit amid agrarian crisis: CSE -Jatin Gandhi
-Hindustan Times The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017. New Delhi: An independent evaluation of the Modi government’s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore in gross profit during the last kharif season, from June to November 2016. However, it settled less than a third of the crop-loss claims filed till early this year. The report released...
More »Rich nations have cornered 90% of farm subsidy entitlements: India-China study -Amiti Sen
-The Hindu Business Line Entitlements of developed countries need to be eliminated before other reforms, study suggests New Delhi: Seeking to expose the double-standards of developed countries at the World Trade Organization (WTO), a joint paper by India and China has revealed that rich nations, including the US, the EU and Canada, have been consistently giving trade-distorting subsidies to their Farmers at levels much higher than the ceiling applied on developing countries....
More »Farm insurance scheme suffers from flawed execution: CSE
-The Hindu Business Line New Delhi: India’s flagship national agricultural insurance programme — Pradhan Mantri Fazal Bima Yojana (PMFBY) — is found seriously wanting in its implementation at ground level, New Delhi-based Centre for Science and Environment (CSE) said on Friday. “PMFBY is a classic case of poor implementation of a good scheme,” said Chandra Bhushan, CSE deputy director, at a meeting here. This is because at the State level, PMFBY vision...
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