Contact Your Financial Adviser Money Making MC
6
July 2017
The
Supreme Court on Thursday gave the central government six months time to
demonstrate the gains of Pradhan Mantri Fasal Bima Yojana on the ground level
as it observed that a serious issue like this could not be dealt with
overnight. The Total Investment &
Insurance Solutions
The
bench of Chief Justice Jagdish Singh Khehar and Justice D.Y.Chandrachud said:
"We are of the view that a serious issue like this can't be dealt with
overnight, it will take time to implement it (PMFBY)."
The top
court gave six months as Attorney General K.K.Venugopal sought a year's time to
see the gains of the scheme. The Total
Investment & Insurance Solutions
Urging
the court to close the matter, he said: "Why should the court interfere
when government is doing all to help the farmers." The Total Investment & Insurance Solutions
He said
the scheme that was launched just a year ago has covered 5.3 crore farmers, or
40 per cent of the country's 12 crore farmers and covered 30% of the total crop
area in the country.
However,
Chief Justice Khehar refused his demand, saying: "We are not going to
close the matter."
"Whatever
needs to be done has to be done, not on paper. We are not going to close. We
are keeping ourself in the loop to know what is going on. You may be doing a
good thing."
Pointing
out that inability to pay loans was the major cause of farmers suicide in the
country, Chief Justice Khehar said: "Inability to pay the loans is the
major cause of farmers' suicide. If all of them have been covered, then how can
you say that only 40 per cent have been covered?"
At the
outset of the hearing, Chief Justice Khehar called for some alternatives to
address the farmers woes observing that paying compensation to the famers was
no solution.
"Don't
worry about the directions, tell us what are you doing (to address the issue of
farmers suicide)," the bench said as Attorney General referred to earlier
directions issued by the court.
Suggesting
an insurance policy with low premium, the bench said that there must be
something to soften the impact if a farmer was not able to discharge his loan
liabilities.
Asking
Venugopal to tell what the government was doing and how it was doing, the bench
said: "First you decide what you are taking from the farmers. Rest will be
divided between you and the states."
Appreciating
the crop insurance policy, senior counsel Colin Gonsalves appearing for the
petitioner NGO Citizens Resource and Action and Initiative (CRANTI) said that
the Madhya Pradesh and other state governments were not fixing minimum support
prices and as a consequence, the farmers were selling their agriculture
produces at throw away prices. The
Total Investment & Insurance Solutions
Rejecting
the government's description of the NGO's suggestions as something in the
"in air", he said that they were based on the expert reports including
one by noted agriculture scientist M.S. Swaminathan.
CRANTI
is seeking compensation to the families of the debt-ridden farmers who had
committed suicide because of serious financial difficulties.The Total Investment & Insurance
Solutions
No comments:
Post a Comment