-Newsclick.in Insurance companies have already earned about Rs.16,000 crore in THRee seasons. The much-hyped Pradhan Mantri Fasal Bima Yojana (PMFBY) – supposed to provide insurance protection to farmers against crop losses due to natural events – has turned into a bonanza for insurance companies while farmers are angry over delays in claim settlement, rejections and paltry compensation. Launched in 2016, four full seasons have passed since and the financial transactions show earnings...
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Farmers in Bidar THReaten suicide over non-payment of crop insurance
-TheNewsMinute.com They enrolled for the Pradhan Mantri Fasal Bima Yojana in 2016-17, but allege they have not yet received payments. Around 300 farmers in Bidar THReatened to take their own lives, claiming they have not been paid crop insurance for the last two years. The farmers gathered at the Gram Panchayat office in Kosam demanding the payment of crop insurance, which was supposed to be paid to them as part of the...
More »Citizenship and compassion -Shiv Visvanathan
-The Hindu Can India manage with a certain amount of disorder to sustain a plural vision of democracy? The current situation in Assam seems like a nightmare, a warning about the internal contradictions of democracy. It is a warning that the 19th century ideas of democracy as electoral-ism and the notion of the nation-state as a fetishism of borders may be inappropriate as imaginations for the 21st century. It is a caution...
More »The Indian economy's changing growth constraints -Niranjan Rajadhyaksha
-Livemint.com The job of policy strategists is always to identify the binding constraints to growth and then try to figure out which policies will help ease them Economists of a certain vintage will remember the old development models in which rapid economic growth was held back by THRee key constraints. The first was the savings constraint. A poor country such as India could not save enough of its annual national income to sustain...
More »Banks Raked in Rs 5,000 Crore from Fining Customers for Breaching Minimum Balance
-PTI India's largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance. New Delhi: As many as 21 public sector banks and THRee major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data. India's largest lender...
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