-The Hindu Business Line India should fine-tune its scheme to make it WTO-compliant The fact that the Centre’s new crop insurance scheme has hit a WTO speedbreaker does not really surprise. The EU, Canada, Australia and Thailand have implicitly said that in its present form, insurance payouts cannot readily be placed in the ‘green box’ — one that exempts certain expenditures from farm subsidy calculations for WTO purposes. They have, in effect,...
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New crop insurance scheme will cover 50% of Farmers: Jaitley -Deepa Nair
-The Hindu Business Line Mumbai: The newly-launched Pradhan Mantri Fasal Bima Yojana (PMFBY) will bring about 50 per cent of India’s Farmers in the crop insurance net and help reduce the prevailing distress in the agriculture sector, according to Finance Minister Arun Jaitley. PMFBY is distinct from all earlier schemes in the sense that it not only takes the number of insured Farmers to a higher level (from 20 per cent earlier...
More »Chhattisgarh to increase PDS outlets
-The Pioneer Raipur: Chhattisgarh State Assembly on Saturday passed budget grant demands of Rs. 2248 crore for food, civil supplies, consumer protection, planning, village industry, economic statistic and twenty points programme implementation department with voice vote. The Government has announced in Assembly to increase the number of PDS outlets across the State. Answering a discussion on budget demand proposals for the various departments, Food Minister Punnulal Mohle informed that around Rs. 2099.93 crore...
More »Tweaks in MGNREGA may help ease farm and labour crisis -Chetan Chauhan
-Hindustan Times The government should pay 25% of wages of MGNREGA workers employed in individual farms and the poor should get an option to choose between money or subsidised food grains under the public distribution system (PDS). These are a few suggestions to be made by the National Institution for Transforming India (NITI) Aayog in the occasional paper that will be discussed with the states for framing a national policy to eliminate...
More »Why microfinance is fading out -M Sureshbabu and Arun Kumar Gopalaswamy
-The Hindu Business Line MFIs are unable to address the needs of self-help groups. They have been hit by the falling growth of SHGs There has been a long-standing debate on the ability and effectiveness of the formal banking system as a vehicle for financial inclusion. The thrust has been to increase the number of small banks, as they play a very important role in the supply of credit to small business...
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