-Article-14.com Over 3 years to 2020, as India’s farm crisis deepened, 18 insurance companies running Prime Minister Narendra Modi’s crop-insurance scheme rejected nearly a million claims. As pandemic and pestilence devastated farms, we reveal how the scheme’s complex fine print frustrates farmers and disregards individual loss Hisar, Haryana: As 2020 began, Haryana cotton farmer Ramandeep sensed it would be harsher than the previous years: the winter rains were scanty, withering his crop...
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A reality check indicates that MSP set for 2019-20's kharif crops is not 1.5 times the 'C2' cost of production
A recent press release by the Cabinet Committee on Economic Affairs (CCEA) shows that the declared minimum support price (MSP) for most kharif crops to be marketed in 2019-20 is at least 50 percent above the cost of production. The official information related to the newly declared MSP, which came two days ahead of the Union Budget presentation, gives the impression that the newly re-elected NDA government has kept its promise...
More »MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
More »Explained: How 100 frauds hit banks -Rahul Tripathi
-The Indian Express CVC report analyses 100 major frauds on public sector banks, committed by borrowers from 13 sectors. Among them, an aviation firm that got loans based on its brand name in spite of a poor credit rating; and jewellers who allegedly inflated value of diamonds and submitted fake details on debtors. New Delhi: The Central Vigilance Commission (CVC) recently came out with a report that analyses the top 100 bank...
More »Credit blues hit kharif operations in Telangana -B Chandrashekhar
-The Hindu Hyderabad (Telengana): Delay in commencement of institutional credit disbursement likely to affect sowing. Credit requirement for kharif operations is nearly Rs. 26,000 crore. Notwithstanding the copious rains received in most parts of Telangana and availability of seed and fertilizer in ample quantities, the delay in commencement of institutional credit disbursement, crop loan release by banks, is likely to affect the sowing operations in the current kharif season. Credit requirement Though the Agriculture...
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