-Deccan Herald Poor pandemic management has added 10 million youth to the ranks of the unemployed in the country India’s GDP growth rate has been slowing consistently since 2016, thanks to consistent economic policy mistakes made by the Union government, starting with demonetisation. It hurt the non-farm unorganised sector MSMEs, as it hurt Agriculture (third year running, after two years of drought in 2014 and 2015). Between them, these sectors are responsible for...
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The Ailing PM Fasal Bima Yojana Needs a Structural Redesign -Baikunth Roy and Satyendra Kumar
-TheWire.in Despite increasing allocated funds, the Union government has been unable to significantly improve penetration of crop insurance in terms of enrolled farmers and insured areas. India’s Agriculture sector, which provides employment to more than 50% of the labour force and contributes about 17% of the gross domestic product, currently faces multiple challenges. Smaller land holdings, unfavourable climate changes events, dismal public and private investment, low monthly incomes, a high proportion of...
More »Millet Mission sets production area target as 1.17 lakh hectares
-DailyPioneer.com Under the ‘Millet Mission’ launched by Chhattisgarh Chief Minister to promote the production of minor millets, the target crop production area for next year (2022-23) has been set at 1.17 lakh hectares. At present the production area covers 69,000 hectares. Holding an Inter-Departmental Coordination Committee virtual meeting on Wednesday, Chief Secretary Amitabh Jain asked the officials to prepare a detailed action plan for increasing the area of production of millets. Apart from...
More »Step up agri-spending, boost farm incomes -Poornima Varma
-The Hindu India’s poor AOI is a stark reminder of the need to attain a key sustainable development goal of higher agri-growth While the overall budgetary allocation towards the agricultural sector has marginally increased by 4.4% in the Union Budget 2022-23, the rate of increase is lower than the current inflation rate of 5.5%-6%. The Food and Agriculture Organization (FAO) of the United Nations (UN) report for 2001 to 2019 shows that,...
More »A cutback in PMFBY funding may further affect the timely release of compensation for crop failures
On February 18, 2016, India’s Prime Minister Shri Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana. After its launch, the PMFBY was implemented by 21 states during kharif 2016, whereas in rabi 2016-17, 23 states and 2 UTs implemented the same. The Central Government launched the PMFBY in the kharif season of 2016 with the intention to help farmers cope with crop losses because of unseasonal and extreme weather....
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