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AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson

AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson

by AIP Online Bureau | Jun 3, 2025 | Eco/Invest/Demography, Indian News, Non-Life

Lavanya R. Mundayur, CMD, Agriculture Insurance Company Crop insurance isn’t just a business—it’s a developmental tool for the entire rural ecosystem. It demands long-term commitment, timely claim settlement, use of technology for risk management, and a...

Consumer panel orders MSEDCL staffers to pay Rs 10 lakh to Nagpur farmer for crop damage

by AIP Online Bureau | May 25, 2025 | Data, Risk Management

The commission held that the officials “failed to maintain the power lines properly and were negligent, which constitutes a deficiency in service”. Mumbai: A consumer commission in Maharashtra’s Nagpur has directed four employees of a state-run power company to pay Rs...

Maha minister admits irregularities in crop insurance scheme, says shrines shown as farmlands

by AIP Online Bureau | Jan 21, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

Maharashtra Agriculture Minister Manikrao Kokate disclosed that instances of malpractice in the scheme have been identified in several aspects, including cases where mosques, temples, and vacant lands were falsely declared as agricultural lands to claim benefits...

India’s monsoon rains hit four-year high in boost to crop output

by AIP Online Bureau | Sep 30, 2024 | Eco/Invest/Demography, Indian News, Risk Management

India badly needed good rainfall in 2024 after its driest year in five years in 2023, which depleted reservoir levels and trimmed production of some crops. This forced New Delhi to impose curbs on exports of rice, sugar and onions MUMBAI: India’s monsoon...

Replacing rice crop could help recover groundwater lost since 2000: Study

by AIP Online Bureau | Sep 17, 2024 | Eco/Invest/Demography, Facts

Previous estimates have suggested that about 300 cubic kilometres of groundwater have been lost between 2002 and 2022 as a result of the cropping trends in north India, where 80 per cent of the cultivated area is sown with rice Current cropping patterns —...
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