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Heavy crop-damage payouts likely by insurance firms

Payment for damaged rice, cotton, oilseeds, pulses, sugarcane and horticulture crops will be paid under the Pradhan Mantri Fasal Bima Yoja in which a farmer contributes only 1.5% to 2% of the insurance cost and the balance is shared by the Centre and states. Officials have estimated payout of Rs 4,000 crore in MP, and Rs 1,000 crore to Rs 1,200 crore each in Karnataka and Andhra Pradesh.

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  • One of the recommendations of commission was that MSP should be at least 50 per cent more than the weighted average cost of production. This recommendation was not incorporated in the National Policy for Farmers, 2007. Agriculture Minister Narendra Singh Tomar said MSP has been increased for 22 crops.

    "I don't think the president wants to implement these new tariffs," said Perdue.

    Nitin Gadkari said the government was focussed on diversification of agriculture into energy and power, and industry must also invest in rural and agricultural sectors to create employment and diversify wealth generation. He said pollution of the air and water, and India’s crude oil import bill, and agricultural crisis were the country’s three major problems today.

    The agriculture ministry extended the relaxation in fumigation treatment conditions for the import of onions to January 15, 2020, on December 4.

    The long term irrigation fund was instituted under NABARD in 2016-17 under the 'Pradhan Mantri Krishi Sinchyee Yojana-Accelerated Irrigation Benefits Programme' that envisages bringing 76 lakh hectares under irrigation through 99 identified projects.

    The commission, on Thursday, submitted its report for financial year 2020-21 to the President for further necessary action. The recommendations will be effective from next financial year.

    The decision to reduce the Kalia assistance was taken after the Odisha government merged the Kalia scheme with the Centres Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), launched in February 2019, officials said.

    Kashmir’s Agriculture department has also approached University of Agriculture Sciences and Technology in Srinagar, asking them to submit a report on types of sweet corn varieties that could be grown in Kashmir. For now, the department imports sweet corn seed variety from Holland.

    "A meeting was chaired by the ICAR (Indian Council of Agricultural Research) secretary. A committee has been formed to formulate a new scheme" for a long-term permanent solution to stubble buring by farmers, he said. The MoS said that the new committee will come out with a new scheme within one or two months.

    India, the world’s second most populous nation, has already been grappling with the impact of climate change. This year’s monsoon, which typically waters more than half of the country’s total farmland, caused floods and poor rains at the same time.

    Nirmala Sitharaman recently asked states to scrap APMCs and join eNAM to help farmers get better price realisation of their produce. APMC is a marketing board meant to moderate prices and prevent big traders from exploiting farmers. Officials said business transactions are growing and more than 150 commodities are being traded on the electronic platform.

    Here is a look at some cars made of unique materials.

    Out of this, Rs 20,853 crore is under DBT (Direct Benefit Transfer) and balance Rs 12,838 crore is other than DBT. FAI also pointed out that Rs 20,434 crore dues are pending for which bills have been generated but not paid and the balance Rs 13,257 crore are pending for which fertilizer companies are not able to generate bills.

    Domestic tractor sales in Nov 2019, dropped to 7,379 units against 7,641 units a year-ago, the filing said. Exports for the month of Nov 2019, also declined to 263 units against 364 tractors in Nov 2018. Escorts Ltd has diversified business in three different segments comprising -- Escorts Agri Machinery, Escorts Construction Equipment and Railway Equipment Division, it added.

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