The Pradhan Mantri Fasal Bima Yojana will end up being a bigger scam than the Rafale deal in terms of free handouts to corporations. Already, since 2016, the central and state governments have together allocated over Rs. 66,000 crores to crop insurance schemes. These three years have also seen serious farmer distress and crop failure in several regions. In the ‘compensations’ paid out to farmers, it is hard to spot any funds that have come out of the pockets of the insurance companies (mainly private, but also including public entities like the Life Insurance Corporation or LIC). The payouts have come from the premiums given by the farmer, and by state and central governments – and account for only a fraction of even those premiums, leaving over huge sums of public money for the insurers. And the first claimant on any ‘compensation’ is the bank that gave the farmer the loan he or she is unable to repay.
The exhibit, Visible Work, Invisible Women: Women & Work in Rural India mixes text with visuals and brings home the astonishing but unacknowledged contribution that poor rural women make to the national economy. It opened […]
In this first part of the interview with NewsClick, Paranjoy Guha Thakurta talks to P. Sainath about the agrarain crisis in India. Farmers of the country have finally risen against the policies of the government. […]
“If they say they are unable to write, let them first stop writing. We will then see.” So spoke Mahesh Sharma, Union minister of state for culture, in October 2015, mocking the ‘award wapsi’ movement […]