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Modi government's decision to privatise United India Insurance indicates terrible consequences for general insurance sector -V Sridhar

-Frontline.TheHindu.com THE Narendra Modi government’s penchant for indulging in ambushes as a means of unleashing policies is now all too obvious. Policies whether relating to vaccines or privatisation of key economic entities have been marked by bizarre U-turns, abrupt changes or abandonment of previously announced approaches. The idea of policies seems to be to instil shock and awe, logic and rectitude be damned. A striking case in point is the government’s...

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Technology enabled digital labour platforms are not adhering to labour norms, points out new ILO report

Although services provided by the gig and platform workers touch the lives of each one of us, we have little knowledge about the role of digital labour platforms in transforming the world of work. Such digital labour platforms have created unprecedented opportunities for workers, businesses and society. However, they also pose serious threats to decent work and fair competition. A recent report by the International Labour Organisation (ILO) shows that the...

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RTI: Pvt firms make a killing from crop insurance scheme -Vishav Bharti

-The Tribune Pocket more than Rs 8,000 cr in two years; Rs 11 cr a day on average Chandigarh: Rs 11 crore in a day! That was the average of profit of the private insurance companies from Pradhan Mantri Fasal Bima Yojana in the past two financial years. There were 18 companies that got contracts under the crop insurance scheme. Out of them just five are in public and 13 in the private...

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States allowed to set up crop insurance firms to execute PMFBY

-PTI The Centre has allowed states to set up their own insurance companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior Agriculture Ministry official said today. The move comes after several requests from states as well as observations made by Comptroller and Auditor General (CAG) in its 2017 report that old crop insurances schemes which have now been merged with PMFBY, were poorly implemented during 2011-2016. "We have allowed the states...

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Rains, tomato crisis: Will farmers be better off buying private insurance? -Subhomoy Bhattacharjee

-Business Standard Farmers are not getting enough protection as states mostly do not pay the premium they should With the rains falling in abundance and tomatoes refusing to do so, agriculture economy experts have a lot to say on what both mean for the sector.   Both pose a risk to farmers — of floods and of lack of pricing power. Yet the farmers don't have much to fend those off since agricultural insurance...

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