-The Times of India New Delhi: In a sign of the strength of India's public research institutions, Indian Agricultural Research Institute (IARI) released seven new varieties of field crops including wheat, rice, chickpea, pigeon pea and mustard and identified 11 varieties of high-yielding agricultural and horticultural produce during 2015. All these varieties are not just resilient to several biotic (living organism like pests and insects) and abiotic (nonliving factors like light, temperature...

-Business Standard But RBI data suggest that by replacing interest subsidy with crop insurance, government can use about Rs 12,500 cr to facilitate crop insurance scheme If a recent recommendation of the Reserve Bank of India (RBI) on crop loan subsidy is approved by the government, agricultural loans are set to become as costly as home loans or car loans. RBI has suggested interest subvention on crop loans should be phased out,...

-DNA Widespread damage and loss of the Kharif crop in 2015 due to drought served to highlight the insecurity of the Indian farmers in the face of various challenges beyond their control: drought, hailstorms, unseasonal rains, cyclones, wild animals, epidemics and seed or technological failures, among others. Farm rights movements across the country have rubbished the Pradhan Mantri Fasal Bima Yojna (PMFBY) calling it “a dressed up version of existing crop insurance...

-Livemint.com Traditionally, public policy has tended to view Indian farmers as what is described in economic history as the “dumb peasant” Last week, the National Democratic Alliance (NDA) government launched a revamped crop insurance scheme. At first glance, the scheme, christened Pradhan Mantri Fasal Bima Yojana, looks mostly like a reworking of the risk cover already in place; actually, it is much more. Not only does it take a big step in de-risking...

-PTI Chennai: Tamil Nadu Chief Minister Jayalalithaa on Monday said the “unprecedented” northeast monsoon has killed 470 people and nearly a lakh livestock besides damaging crops in over 3.83 lakh hectares in the State. Detailing the large-scale destruction caused by heavy rains in four phases during October-December 2015, Ms. Jayalalithaa recalled her demand for a central assistance of Rs 25,912.45 crore for the relief and restoration works. Noting that the Central team of...