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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 —...
Govt directs Reliance General to pay Rs 225 cr to Maha farmers in a week

Govt directs Reliance General to pay Rs 225 cr to Maha farmers in a week

by AIP Online Bureau | Aug 24, 2024 | Indian News, Non-Life, Reinsurance, Technology

Shivraj Singh Chouhan ,Union Agriculture Minister On August 22, the Department of Agriculture and Farmers Welfare held a meeting of the National Technical Advisory Committee (TAC). The committee rejected the insurance company’s objections to crop-cutting...
AIC’s net profit grows 20% to Rs 904 cr in FY24

AIC’s net profit grows 20% to Rs 904 cr in FY24

by AIP Online Bureau | Jun 19, 2024 | Indian News, Non-Life, Reinsurance

`For FY 25, the company is targeting to grow its premium income in a single digit of around 5 per cent to 8 per cent. With continued efforts on claim management initiatives, the company is confident of maintaining the healthy claims ratio and confident of making the...
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