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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Crop insurance is not the perfect medication for farmers, says economist -Nagesh Prabhu
-The Hindu A book brought out by NABARD, authored by R.S. Deshpande, says Pradhan Mantri Fasal Bima Yojana carries the baggage of the earlier failed crop insurance schemes A book on the theme “Rainfed Agriculture and Droughts in India” (2022) brought out by the National Bank for Agriculture and Rural Development (NABARD) argues that crop insurance is not a “perfect medication” any more for farmers hit by natural calamities such as floods...
More »Punjab farmers holding back wheat stocks in hopes of better prices -Vishal Joshi
-Hindustan Times Field studies and market trends show wide disparity between drop in crop yield and drop in wheat arrival at mandis in semi-arid belt of Punjab’s Malwa region Bathinda: Field studies conducted by the state agriculture authorities reveal that districts in the semi-arid belt of Punjab’s Malwa region have recorded a drop of 8-17% in wheat yield even as the market trend indicates a much wider gap in crop arrival in...
More »‘Development will eventually lead to environmental conflicts’ -Srijan Trivedi and Yashvi Churiwala
-Down to Earth With sustainable development goals in place, increasing democratisation and connectivity of the world, ecologisation of politics and vice-versa will become the new norm Nobel laureate Wangari Maathai wrote: In a few decades, the relationship between the environment, resources and conflict may seem so obvious as the connection we see today between human rights, democracy and peace. Decreasing resource base and the struggle for control and power leads to politicising ecological issues...
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....
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