Nagpur: After payments under the prime minister crop insurance scheme were delayed by over three months, the state government has cleared as much as 80% of the claims till last week. Another 11.03 lakh farmers are awaiting insurance claims. The insurance scheme was launched under the BJP regime two years ago and this is the biggest ever claim payout so far. Of the 82 lakh farmers having gone for the insurance, 45 lakh are eligible for a compensation of over Rs2,300 crore.
The era of cheap food is over. The price of corn (maize) has doubled in a year, and wheat futures are at their highest in a decade. The food price index in India has risen 11 per cent in one year, and in Mexico there were riots in January after the price of corn flour (used in making the staple food of the poor, tortillas) went up fourfold. Even in developed countries food prices are going up, and they are not going to come down again.
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