KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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The PM Fasal Bima Yojana needs an urgent revamp
-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...
More »‘Paltry’ insurance payouts irks rain-affected farmers, Centre denies claims -Zia Haq
-Hindustan Times Farm-insurance claims have risen due to extensive crop damage caused by extreme weather conditions this year, but some farmers are angry at being given a pittance as compensation under the Pradhan Mantri Fasal Bima Yojana. Krushna Raut, a farmer in Maharashtra’s Parbhani district, stared in disbelief at a message on his mobile phone, which showed ₹1.76 had been transferred to his bank account towards his crop-insurance claim. He first thought...
More »How Telangana subverted India’s land acquisition law -Faustina Johnson
-Scroll.in In 2013, a new law sought to end land grab in India. Telangana showed how easy it was to undermine it, as it took over farmland for a 20,000-acre pharma city. One day in early August 2021, Papi Reddy took a trip to the revenue office of Yacharam mandal, in Telangana’s Ranga Reddy District, He wanted to claim some money that was due to him under Rythu Bandhu, a state-sponsored agricultural...
More »Fodder inflation could really shrink milk output -Amaresh Chandra, Purushottam Sharma and Bishwa Bhaskar Choudhary
-The Hindu Business Line The fodder crop deserves a central place in the agri-ecosystem and needs institutional support, such as Crop Insurance The recent increase in fodder costs have played a major role in rising milk prices, hitting dairy farmers hard. Fodder inflation has seen a sharp hike in the last four months, despite the softening of overall WPI inflation in the recent months. The overall WPI inflation has eased to 10.70 per...
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