-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....

-Outlook Banks are fleecing customers to shore up their profits and offset the dead weight of bad loans to corporates When the GST era dawned this month, online jokesters quipped that it was the most inscrutable thing ­after Duckworth Lewis. But paradoxically, it may have brought a disquieting clarity to another zone of universal experience. Amid the flurry of news reports detailing what would entail a higher tax of 18 per cent,...

-The Hindu The headline in a recent PTI report “Saving 2 tigers gives more value than Mangalyaan”’ was intriguing, since it said that saving two tigers yields a capital benefit of Rs. 520 crores, while Mangalyaan cost us Rs. 450 crores. The headline was both exciting and hurtful. Excited by it, I contacted Professor Madhu Verma of the Indian Institute of Forest Management (IIFM), Bhopal, and she shared with me both...

-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...

-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...