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Crop insurance is too returns-oriented -PSM Rao

-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...

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Haryana, Punjab may cut Bt cotton sowing -Komal Amit Gera

-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...

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New insurance scheme aims to cover 50% of farmers -Sayantan Bera

-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...

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Insurance sop -TK Rajalakshmi

-Frontline The new crop insurance scheme introduced by the NDA government in an election year does not provide for a comprehensive coverage of all crops, against all forms of damage and at all stages of the crop cycle. IN AN election year, it is but natural that incumbent governments will introduce welfare policies and schemes. But the problem is that distribution of such largesse in a neoliberal dispensation can only be...

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Drought insulation -Harish Damodaran

-The Indian Express Total foodgrain production in 2015-16 is expected at 253.16 million tonnes (mt), according to the Agriculture Ministry’s second advance estimates.  India’s agricultural output hasn’t taken as much a hit from back-to-back droughts this time round as with previous monsoon failure episodes. Total foodgrain production in 2015-16 is expected at 253.16 million tonnes (mt), according to the Agriculture Ministry’s second advance estimates. This is only 4.5 per cent below the...

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