Claiming that there was a 'bubble' of announcements, Thackeray asked the government to 'solve the problems of farmers before considering any alliance talks'
No major change but Centre aims to 'close the gaps'; some incentives and penalties to be introduced
Companies due to pay Rs 3.53 billion claims to farmers for crops damaged
Premium collection in 2016-17 was Rs 22,337 crore and claims were about Rs 13,500 crore
PM's flagship scheme needs an urgent reboot
Farmers are not getting enough protection as states mostly do not pay the premium they should
The low sum insured as compared to the scale of finance in Rajasthan said to be the culprit
Monsoon risks will largely be known by July 31
Delayed notification by states, keeping sugarcane out of the ambit may have hit coverage
Private sector insurer ICICI Lombard General Insurance has seen almost 39% growth in top-line as per their results for the first six months
Delayed notification by states, keeping sugarcane out of the ambit may have hit coverage
PMFBY replaces the existing two schemes NAIS and Modified NAIS, which have had some inherent drawbacks
The party also alleged that state government failed to distribute Rs 761.96 crore of FY15 under National Agriculture Insurance scheme
Jaitley says a veil of some of security around farmer needs to be put, especially due to the inadequate monsoons faced in the past two crop seasons
At a conference held in Mumbai on crop insurance and the progress made by it, a senior reinsurance executive remarked that while the government would be paying the subsidy for the scheme, one still had to be prepared to make some claim payments. Quoting British military and political leader Oliver Cromwell, the executive said, "Put your trust in God, but keep your powder dry."
State Revenue Minister Eknath Khadse said that the Centre has now included all types of crops in the PMFBY scheme
PM Narendra Modi pushed for more and more use of modern technology and equipment along with traditional wisdom of farming