-The Hindu Business Line The main grouse that States have with PMFBY is that while premiums are distributed evenly across participants, claims are cornered by a few Six years after its launch and post multiple overhauls, Pradhan Mantri Fasal Bima Yojana (PMFBY), India’s flagship scheme for crop insurance, has largely failed to deliver on its objectives. An expert committee steered by Ashok Dalwai recently submitted a report showing that, between 2016 and...
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Independence of EC destroyed by all govts, says SC -Utkarsh Anand
-Hindustan Times Successive governments have “completely destroyed” the independence of the Election Commission of India (ECI) by ensuring no chief election commissioner (CEC) gets the full six-year term to head the poll body since 1996, a Constitution bench in the Supreme Court lamented on Tuesday, adding that absence of a law for appointment of election commissioners (ECs) has resulted in an “alarming trend”. The five-judge bench further remarked that the silence of...
More »India’s facade of agricultural insurance -Shagun, Priya Ranjan Sahu, Rakesh Kumar Malviya, Shuchita Jha and M Raghuram
-Down to Earth Since its launch in 2016, India’s flagship crop insurance scheme has seen a consistent fall in acreage and number of farmers covered Even if a single farmer’s crop is damaged in a village he will get the benefits of insurance - Prime Minister Narendra Modi had said while launching the government’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) from Madhya Pradesh in 2016. The words, however, mean nothing to the farmers...
More »A cutback in PMFBY funding may further affect the timely release of compensation for crop failures
On February 18, 2016, India’s Prime Minister Shri Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana. After its launch, the PMFBY was implemented by 21 states during kharif 2016, whereas in rabi 2016-17, 23 states and 2 UTs implemented the same. The Central Government launched the PMFBY in the kharif season of 2016 with the intention to help farmers cope with crop losses because of unseasonal and extreme weather....
More »Supreme Court orders CBI probe into HZL stake sale in 2002 -Utkarsh Anand
-Hindustan Times The top court ordered a court-monitored CBI investigation into the initial stake sale of Hindustan Zinc Ltd (HZL) to Anil Agarwal-run Sterlite Opportunities and Ventures Ltd (SOVL) in 2002 The Supreme Court on Thursday ordered a court-monitored Central Bureau of Investigation (CBI) probe into the initial stake sale of Hindustan Zinc Ltd (HZL) to Anil Agarwal-run Sterlite Opportunities and Ventures Ltd (SOVL) in 2002 when the Bharatiya Janata Party (BJP)-led...
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