-The Hindu Business Line NITI Aayog Vice-Chairman Rajiv Kumar on Friday indicated that there has been progress in the efforts to empower States to compete and improve on the basis of governance. “If States have to derive democratic dividends, the only way is to facilitate them to compete with each on the basis of good governance. There is good news that States in the country are beginning to take NITI Aayog’s rankings...
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Shut for 3 months for Kumbh, UP tanneries face losses, cancelled orders -Avaneesh Mishra
-The Indian Express At least 2 lakh people are employed in these units. Most are daily-wage workers and migrants, and many have gone back home. Kanpur: The roads are empty and the local market closed in Kanpur’s Jajmau locality, with around 130 of its 249 registered tanneries ordered shut due to the Kumbh Mela and the production at others cut by half. One month into the order, and with 60 more days...
More »Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss -George Mathew
-The Indian Express According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. Mumbai: ELEVEN private insurers are set to register profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs...
More »Addressing agrarian distress: An alternative 'area planning' price support scheme for farmers -Sher Singh Sangwan
-The Indian Express The existing MSP-based procurement system is fiscally unsustainable. The time has come to consider market intelligence-based regulation of crop production Farmers are always in distress when prices of their produce are subdued. The response of governments, obviously prompted by political pressures, has been to sharply hike minimum support prices (MSP) of crops or declare loan waivers. Thus, the current government at the Centre has significantly raised the MSPs of...
More »Policy must tackle not just dissatisfaction of large farmers, but distress of most vulnerable -Bina Agarwal
-The Indian Express To address farmers' woes, we need a multi-pronged strategy of income support, government investment, and institutional innovations, and not a one-size-fits-all approach. The two main policy interventions repeatedly discussed in recent months to tackle farmer distress — loan waivers and minimum support prices (MSP) — treat all farmers (large/small, male/female) alike. But farmers are heterogeneous. They differ especially by income, land owned and gender. And farmer dissatisfaction is...
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