-The Hindu Business Line Non-loanee farmers availing insurance may be far fewer than data claim Last January, Prime Minister Narendra Modi introduced a new crop insurance scheme with the aim of bringing 50 per cent of the country’s farmers under insurance cover in three years. Data shows that in kharif 2016 — the first season after the scheme’s launch — crop insurance coverage had risen. However, despite the Centre’s claims, this growth is...

-The Hindu The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare. “It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both...

-The Hindu The ‘batta’ system of rolling financing has shrunk as money cannot be withdrawn from banks, and bearer cheques pile up Varanasi: For the already distressed weavers and poorly paid labourers in the famous Banarasi sari industry, demonetisation has come as a crippling blow. Withdrawal limits of Rs. 50,000 on current accounts (around a 10th of the actual requirement in the trade) and falling business post November 8 have constrained traders from...

-The Hindu The Niti Aayog has called for a review of the provisions of the Right To Education Act that stipulate that children who don’t perform well cannot be held back up to class VIII. It said the good intention behind the norm is detrimental to the learning process. It has also suggested a system where direct benefit transfers offer the poor a choice between subsidised purchases or equivalent cash to buy...

-Down to Earth Over 20 years of aerial spraying on cashew plantations in Kerala and other states has left many with mental and physical disorders The Supreme Court, on Tuesday, directed the Kerala government to pay Rs 500 crores in three months as compensation to over 5,000 victims of the use of Endosulfan pesticide. People, especially newborns, have suffered deformaties, health complications and loss of family members due to exposure to...