WEATHER BASED CROP INSURANCE SCHEME
80% of marginal farmers in India affected by adverse climatic events: Report
According to the report, nearly 43 per cent of the surveyed farmers lost at least half of their standing crops. Rice, vegetables, and pulses were particularly affected by uneven rainfall. In the northern states, paddy fields often remain submerged for more than a week, destroying newly planted seedlings.
Crisis in the fields: Experts say long-term solutions only way for agriculture sector to survive heatwave
Heatwaves in north India are impacting agriculture, causing heat stress in crops and reducing yields.
Traders are bracing for a record-smashing summer that will shake up commodities
Prices for some of the world’s most vital commodities — natural gas, power and staple crops like wheat and soy — are climbing.
Bearing the brunt today, but good for long term: 6 stocks from the financial services sector with upside potential of up to 30%
For all those who were again thinking why the financial services sector stocks are leading the recent phase of decline. A look into FPI holding patterns would throw the answer. It is the financial services, including banks where FPIs have the maximum exposure, so if they are booking profit, the first round of selling is bound to come in the sector where they have maximum holding.But there is another part to the story, which is when they come back, it is the very same sectors where they buy the first, because financial services and banks are the best proxy play to GDP growth. Also the fact that the majority of these stocks have ample liquidity plays an important part in the kinds of strong moves these stocks see.
A large opportunity but only for long term investors: 6 insurance stocks with potential upside of up to 17%
While it should be done for every sector, for some sectors it is extremely important to make a distinction between the narrative which is making rounds on the street and what is happening in the real business. The reason, it is a narrative which is going on the street which makes expectations high and when they are not met then investors end up making the wrong decision both at the time of buying and selling. First, a large market size does not mean that players will see all the growth in the short term, it might be a long term play when it comes to overall growth of the markets. So, while insurance is a big opportunity, it will pan out over a period of time. Second, a number of times, the name of both life and non- life and health insurance companies is taken in the same breadth. But they are very different in every aspect and the stock price movement will also follow a different trajectory. So does the current phase of consolidation and underperformance of the stocks is an opportunity for investors looking for a real long term investment opportunity?
Everyone is interested in millets. But where are the crops?
The praiseworthy efforts to make mainstream millets in the food system are in danger of losing steam because of a lack of incentives to attract farmers.
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Budget 2024: Freebies or welfare schemes, what can the Modi government opt for?
Ahead of Union Budget 2024, we discuss the upcoming interim Budget in India and the debate surrounding welfare schemes and freebies. Prime Minister Narendra Modi opposes schemes from opposition-ruled state governments that offer cash or incentives, calling them 'revdis'. The Indian government is likely to extend social security to domestic workers and increase funds transferred under the PM Kisan scheme. The lack of a clear definition adds fuel to the debate.
From a long-term perspective; 4 life and 1 general insurance major with potential upside of up to 32%
Insurance as a product has been existing for ages, but still the industry was growing at a very slow pace. The awareness and the need to have insurance on which companies had been spending tons of money got created without them spending even a penny, due to covid. But it came with its set of problems, more claims, more requirements of capital. Then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, a number of these problems will get resolved over a period of time. So does the current phase of consolidation is an opportunity for investors looking for a long term investment opportunity?
3 life and 2 other insurance majors with potential upside of up to 45%
Insurance is one industry that got hit very badly and led to a situation where literally every company has to raise funds to meet regulatory requirements. But at the same time, awareness about the need to have insurance on which companies had been spending tons of money was created without them spending even a penny. So, while there was a short-term problem, a bigger issue of awareness got resolved. But then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, this will also get resolved. So is the current phase of consolidation and not-so-good news is an opportunity?
Nifty Financial Services index stocks: Will they lead the correction once again?
For all those, who are surprised the fact that all of sudden bank nifty or finnifty witnessed a sharp fall, it would worth remembering that whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services because of high ownership of institutional investor’s both domestic and foreign portfolio investors. So if there a sell of due to risk off mode for emerging markets, which market has moved to in last few days. It is financials which are likely to lead to the decline, but, there is equal sharp recovery in them. So, be careful both in buying and selling decision in financial space.
Nifty Financial Services index stocks: Will they decline sharply as US bond yields inch up and go into risk-off mode?
Whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services stocks which include banks, both private and public sector and other heavyweights which essentially are part of the financial services. The reason, high ownership of foreign portfolio investors ( FPIs) in the majority of financial services and banking stocks. Given the fact that yields on US bonds have reached closer to 5 percent mark and there are clear fears looming on the street, about an increase in global cost of capital.
Financial Services sector stocks: Will they lead correction or turn saviours for Nifty?
Financial services stocks and IT stocks are the main components of the Nifty. A large number of times when IT stocks are under pressure, it is financials that come to the rescue. When financials are under pressure it is IT stocks which tend to play the balancing act. While IT stocks have been underperforming for some time, what needs to be seen is that in today's trading session, with Infy's Q2 result impact bringing another round of pressure, will financials services stock be able to give much needed support. If they also witness any strong pressure due to the global development then it would bring more pressure on nIfty which would also lead to pressure on broader markets.
Turbulence is now behind them: 5 insurance stocks from different segments with upside potential of up to 34%
After the changes in tax law, all insurance stocks were hit badly. While all three belong to the insurance sector, there is a world of difference between macro and micro factors which impact the bottomline of the life insurance, non life insurance and a health insurance player. Painting them with the same brush is not good for a portfolio. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Kisan Rin Portal to be launched on Tuesday
According to the agriculture ministry, the Kisan Rin digital platform offers a comprehensive view of farmer data, loan disbursement specifics, interest subvention claims, and scheme utilisation progress, fostering seamless integration with banks for more focused and efficient agriculture credit.
Some assurance in insurance; 3 life & 2 other insurance majors with potential upside of up to 33%
When it comes to the insurance sector, a number of times, the name of both life and non- life and health insurance companies is taken in the same breadth. While they all belong to the insurance sector, there is a world of difference between macro and micro factors which impact the bottomline of a life, non life and health insurance player. Painting them with the same brush is not good for a portfolio. We take a look at players from all the segments of the industry.
India's growth is sustainable; economy strong enough to weather high US rates, says CEA V Anantha Nageswaran
India's chief economic adviser, V Anantha Nageswaran, says that India's economy is strong enough to withstand high US interest rates. He believes that the country's medium-term growth rate of around 6.5% is sustainable, and private capital formation is evident. Nageswaran also discusses the risks India faces in securing energy supplies due to climate change and its transition away from fossil fuels. He believes that the country needs to focus on manufacturing as well as services and that India's debt and deficit ratios will improve in the future.
From too wet to bone dry: Indonesian coffee crop faces El Nino jolt
The dry conditions contrast with high rainfall in the Southeast Asian nation between 2000 and 2022 due to La Nina, while heavy rains have also been experienced during the first five months of this year. In 2023/24, Indonesia's coffee output is forecast at 9.7 million 60-kg bags, down from 11.85 million bags a year ago and lowest since 2011/12, according to U.S. Department of Agriculture data.
Heat, war and trade protections raise uncertainty for food prices
A series of calamities ranging from extreme weather to Russia targeting grain supplies in Ukraine, food supplies across the world are becoming more and more vulnerable.
Road construction on Sino-India border, crop insurance scheme among 207 subjects selected by PAC for examination
One of the key parliamentary panels, Public Accounts Committee, has chosen for examination over 200 subjects including the construction of roads on the India-China border by the Border Roads Organisation, performance of the agriculture crop insurance scheme and accidents involving ships and submarines in Indian Navy.
‘Rain, crops and commerce shaped the economic systems of nations — these also enabled the US to win against China now’
Stephen H. Haber, an economics professor and Senior Fellow at Stanford University's Hoover Institution, explains that his research focuses on the link between natural endowments, technology absorption and prosperity. He argues that societies' ability to absorb technologies over the past 200 years is dependent on their organisation in 1800, which in turn hinged on how societies insured themselves against starvation.
Farmers to be compensated for crop loss: CM Mann after visiting rain-affected areas
The Punjab government shall ever be committed to the welfare of the farmers and farm labourers, Mann said while asserting that he can very well understand the agony and pain of farmers who suffered heavy losses due to sudden and erratic changes in weather.
For every Rs 100 of premium paid for crop insurance under PMFBY; farmers received Rs 514 as claims: Govt
"During this period, nearly Rs 25,252 crore were paid by farmers as their share of premium against which claims of over Rs 1,30,015 crore (provisional) have been paid to them. Thus, for every 100 rupees of premium paid by farmers, they have received about Rs 514 as claims," the minister said.
PMFBY number one crop insurance scheme globally in terms of farmers enrollment: Tomar
Launched in 2016, the PMFBY provides for comprehensive risk insurance against crop damage due to non-preventable natural risks from pre-sowing to post-harvest for the crops/areas notified by the concerned state government. "The scheme has already become the number one crop insurance scheme in the world in terms of farmer applications enrolled. In terms of gross premium, the scheme is the 3rd largest in the world," Tomar said.
Farmers paid Rs 1.25 lakh crore as claims till Oct 31: Government
"In the last 6 years, Rs 25,186 crore have been paid by farmers as the premium, wherein Rs 1,25,662 crore have been paid to the farmers against their claims as on October 31, 2022 with Central and state governments bearing most of the premium under the scheme," an official statement said, while clarifying on reports that a paltry sum of insurance claims being paid to the farmers in certain districts of Maharashtra.
Agri-insurtech company IBISA raises seed funding from Ankur Capital
70% of the global food supply comes from smallholder farmers and more than 50% of the Indian workforce is into agriculture and allied sectors that contribute to just 20% of India’s GDP.
Money for 100% central schemes likely to go directly to beneficiaries from April
At present, funds for schemes are drawn by the concerned ministry from the RBI and transferred to the state treasury. It then moves to the state commissioner in charge and to state implementation agencies, which transfer funds to the field level at district or sub-division level. From here, the money is finally disbursed to intended beneficiaries or vendors.
Samunnati to set up weather stations for FPOs to structure insurance products for farmers
Samunnati Foundation, the non-profit subsidiary of Samunnati, recently signed a memorandum of understanding (MoU) with IIT Madras’ Incubation Cell (IITMIC) to develop innovation in agriculture and support agritech startups in their goals.
Crop insurance: Agriculture ministry seeks DGCA nod for taking drone-based crop images in 100 districts
The agriculture ministry has sought civil aviation regulator DGCA's nod for allowing shortlisted private agencies operate drones to capture images of rice fields in 100 districts to assess crop yields at gram panchayat level under the Pradhan Mantri Fasal Bima Yojana.
Government to shell out Rs 4k cr more on recast crop insurance scheme
The annual premium is likely to increase by 2% from existing 12.5% as number of participating farmers is likely to fall 30%. Over the last three crop seasons since launch, the average number of participating farmers had been 37.5 million with 58% of them having crop loan.
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