The Union government's efforts to provide quick and quality insurance services to 38 lakh rural landless agricultural labourers in the state under the Aam Aadmi Bima Yojana (AABY) have suffered a serious setback with the Life Insurance Corporation of India (LIC) refusing to renew the scheme. The LIC's decision has not only resulted in hardships not only to the poor households over the past six months but also to the children...

Last month, leaders from 185 countries met in New York to take stock of progress in achieving the Millennium Development Goals (MDGs) — which include, among other things, eradicating poverty and hunger, reducing child mortality, improving maternal health — that were set in 2000 by the United Nations. The aim was to achieve these goals by 2015. But 10 years down the line, the world is way behind targets in achieving...

At least 5000 farmers of the district's Sadar block will not get insurance claims of their crops that got damaged in drought last year due to wrong assessment report of the officials. A four-member block-level team comprising block agriculture officer, junior statistics supervisor, block cooperative officer and circle inspector had submitted its report after field assessment in four selected areas, which included four large multi-purpose cooperative society (LAMPS) plots in Lohardaga,...

The Government on Thursday approved the Modified National Agricultural Insurance Scheme (MNAIS). Significantly, private sector insurers with adequate infrastructure and experience will also be allowed in the implementation of MNAIS. “With the introduction of the modified scheme, it is expected that an increased number of farmers will be able to manage risk in agriculture production in a better way and will succeed in stabilising farm income particularly at times of crop failure...

The Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, has proposed that organised sector employers be mandated to initiate jointly funded health insurance cover for their employees. In the process he has flagged off what should be a major debate. As the Indian state raises its abysmally low expenditure on health care, should it all go into better funding of the public health-care system or should a part of...