That apart, farmers will get loans for post-harvest storage of their produce at a subsidised interest rate of 7 per cent for six months.
The Bharatiya Janata Party (BJP) on Sunday pledged to make 30 million 'Lakhpati Didis', up from the 10 million rural women who have already achieved the feat. Prime Minister Narendra Modi on Sunday released the BJP's manifesto for the upcoming Lok Sabha elections. The manifesto says the ruling party will continue the quarterly financial disbursements under the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) yojana.
There are challenges galore before him, and it is not going to be easy. In the next four years, he has to conjure a system that changes the optics about him and the BJP both nationally and internationally so that he can ride back on his own, claim the top slot, and not have to lean on a coalition, asserts Ramesh Menon as Modi 3.0 completes a year in power.
Under the PMFBY - introduced in 2016 - farmers have to pay a maximum of 2 per cent of the sum insured for kharif and 1.5 per cent for rabi food and oilseed crops and 5 per cent for commercial/horticultural crops. Eighteen general insurance companies, including five public sector insurance firms, have been empanelled for the scheme's implementation.
Critics argue that much more could have been done and that the government was slow to react to many events.
The SC agrees with the government's request for a year to show effective results of its pro-farmer schemes like Fasal Bima Yojana.
The government will take special efforts to ensure adequate credit flow to underserved areas -- the eastern states and Jammu-Kashmir, he added.
ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24. It reported 17 per cent year-on-year (YoY) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 per cent in FY23 to 103.3 per cent in FY24, 102.4 per cent in FY25 and 102.0 per cent in FY26.
The bench said the government should come out with a policy which deals with the root causes of farmers taking the extreme step.
He also proposed various measures, including land tax waiver for farmers, to mitigate their suffering.
"The new structure will substantially reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment," Sitharaman said presenting what was dubbed as 'reformist' budget for the next fiscal in Lok Sabha.
Modi said, "The Karnataka government was indifferent...it did not care about the benefits that a farmer can get from the Pradhan Mantri Fasal Bima Yojana."
Prime Minister Narendra Modi on Monday batted for expansion of organic farming across the country.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
The government has extended the interim approval given to plant protection companies for use of drones for spraying specified pesticides. The approval has been extended for one more year starting from April 18, 2024. All other terms and conditions for the use of drones for spraying plant protection chemicals including the standard operating procedures etc. will remain the same.
President Ram Nath Kovind on Monday said the country's farm production and procurement increased during 2020-21 crop year despite the pandemic and agricultural exports reached a record level of Rs 3 lakh crore during the same period. In his address to the joint sitting of both Houses of Parliament at the start of the Budget session, Kovind said the government is focusing on making the country self-sufficient in edible oils besides making special efforts to promote organic farming, natural farming and crop diversification. "My government is working continuously to empower the farmers and the rural economy of the country... I would like to give maximum credit to the small farmers of the country for this consistent success and strengthening of the agriculture sector," he said.
Prime Minister Narendra Modi on Saturday released Rs 20,946 crore to 10.09 crore farmers across India as the 10th installment of financial aid under the PM-KISAN scheme and said there was a need for innovation in agriculture along with promotion of natural farming. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, a financial benefit of Rs 6,000 per year is provided to the eligible farmer families, payable in three equal installments of Rs 2,000. The PM-KISAN scheme was announced in the February 2019 Budget.
Kurien adjourned the House till noon.
'Never has this happened in the state's political history -- that every class of people is unhappy.'
The apex court also observed that the compensation is not the remedy for the suicides.
Prime Minister Narendra Modi on the occasion of 67th Republic Day urged the nation to reaffirm the unwavering commitment to uphold the ideals of India's Constitution and strengthen the Republic.
Referring to former prime minister Atal Bihari Vajpayee and BJP veteran L K Advani, Sinha said, "Today's BJP is not like the one in the days of Atalji and Advaniji."
The Comptroller and Auditor General detected financial irregularities of over Rs 10,000 crore in Bihar government departments during the financial year 2012-13.
Sustained rural poverty can't be eradicated without capacity building.
Ministry of Finance, Joint Secretary -- insurance, Anoop Wadhwa, had reviewed the progress of development of micro-insurance products at a meeting in the national Capital on Tuesday.
Agri experts are meeting FinMin ministry officials on Monday to give their inputs on the Budget.
He said the first decision of the cabinet was to approve Rs 20 crore fund for conserving Raigad Fort, which was the capital of Chhatrapati Shivaji Maharaj.
In a bid to protect farmers from vagaries of nature, Union Finance Minister P Chidambaram on Thursday launched a weather insurance scheme 'Varsha Bima 2005' that will quickly compensate peasants for crop failures and lower yields due to inadequate ra
On the completion of two years of the Pradhan Mantri Kisan Samman Nidhi, Prime Minister Narendra Modi on Wednesday said his government ushered a historic increase in the minimum support price (MSP) for crops and was doing everything possible to double the income of farmers.
'Where is the spirit of Team India?' asks Chandrababu Naidu.
The Congress has so far announced 82 candidates for the seven-phase Lok Sabha polls beginning April 19.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
Prime Minister Narendra Modi on Monday appealed to protesting farmers to end their agitation against the new farm laws even as he questioned opposition parties for their sudden 'U-turn' on the agriculture sector reforms.
Sharad Pawar reckons that the NCP has value as a united, going concern, not as a gaggle of leaders in search of followers, notes Shreekant Sambrani.
The party said, besides MPs and MLAs, all its office bearers will take part in the events which will include public meetings, intellectual conventions, press conferences and interactions with beneficiaries of the government's welfare schemes.
Criticising the Congress, he said the parties following the politics of family and dynasty may continue like that, but the BJP government was committed to taking the country's defence and self-respect to their pinnacle.
Sena's most discussed promise during the assembly poll campaign -- a full meal at Rs 10 -- also figures in the CMP.
Chief minister Shivraj Singh Chouhan's task is to live down the hype and address the nitty-gritty, reports Radhika Ramaseshan.
Agriculture and processed food exports dropped to a five-year low of $24 billion in 2015-16.
"Today, I want to tell you that before the 2024 polls the NRC will be conducted across the country and each and every infiltrator identified and expelled."
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