-PTI At present, it is mandatory for firms with 20 or more workers to subscribe to social security schemes New Delhi: In a bid to provide social security to additional 50 lakh workers under retirement fund body EPFO, the Labour Ministry has decided to halve the threshold for coverage of firms to 10 workers through an executive order. At present, it is mandatory under the Employees' Provident Fund and Miscellaneous Provisions Act for...

-The Indian Express New crop insurance scheme is welcome. Its litmus test: Whether crop-damage assessment can be done within two weeks of the extreme weather event and compensation paid a week after that The Narendra Modi-led government needs to be complimented for taking the first major step to revamp the crop insurance system to address the increasing distress in Indian farming. With back-to-back droughts, and unseasonal rain and hail in certain...

-Business Standard The government is holding talks with states providing cashless health insurance, such as Karnataka, Tamil Nadu and Gujarat After providing life cover and accident cover, the government is now working on a universal health insurance plan. To begin with, it will provide a seamless solution to the existing cashless health schemes in states by integrating those with the Centre's direct benefits transfer (DBT) platform. Later, these would be scaled up. "Encouraged...

Agricultural insurance is supposed to protect farmers from financial hardships and risks when crop losses and damage takes place due to extreme weather events such as drought, cyclone, hailstorms, flood etc. However, in reality this does not hold true in India. Due to the failure of crop insurance schemes in India, there has been a deepening of agrarian crisis and rural distress in the recent times, particularly in the backdrop of...

-The Hindu Business Line Crop insurance will make farming a safer vocation The plight of Punjab’s cotton farmers after a swarm of ‘whiteflies’ ravaged their crop is truly disquieting. In a knee-jerk response, Punjab has promised ₹640 crore for over two-third of the crop being destroyed, but on what basis, it is hard to tell. This highlights the absence of crop insurance in Punjab, as pointed out by a recent Crisil study....