PM-KISAN beneficiary target may be missed

The final number of beneficiary farmers is unlikely to exceed

110 million against the expectation of 145 million.

Under PM-KISAN, the government gives income support of

6000 per year in three equal installments to all identified
farmers to supplement their input cost requirement.
The scheme was announced in the interim budget of 2019-20
by the Narendra Modi government just ahead of 2019
general elections with an initial allocation of 75,000 crores.
States have to identify the beneficiaries based on their land
records and other documents including bank accounts and
upload the list in a central portal.
Officials says that as of now it seems the final number of
beneficiary farmers may not exceed 110 million.
This is significantly lower than the earlier calculation at 146
million.
The earlier estimates were based on the 2015-2016
agriculture census.
Lower number of beneficiaries is due to presence of joint
holdings in land and also farmers not willing to reveal their
land details.
Auto Slowdown hits insurers
Motor insurance premiums in Q1 grew 4%, lowest in last five
quarters.
Experts believe muted growth trend likely to continue

The slowdown in Indian auto industry has cast a shadow on

the business of non-life insurers. The motor insurance
segment-largest contributor to general insurers revenue has
seeing muted growth of late.
Premiums collected from the motor insurance segment
contribute close to 38 percent to the overall collection from
various segments for the non-life industry. In the June
quarter growth in the segment stood at around 4 percent.
That was the lowest growth in the last five quarters.
Slowdown in sales of new vehicles has impacted the growth
in premiums in the motor insurance segment.
Model Tenancy Act Good for tenants and owners
Except issues like security deposit that might impact owners
in some states, the model tenancy act has taken the right call
on most things

The real estate environment in India has been facing land

market distortions, including inflexible zoning, rent control
and protected tenancies for a large number of years.
The Model tenancy act 2019 issued by centre seeks to
address the distortions in India’s rental markets and could
help modernise it.
The act will be applicable to premises let out for residential,
commercial or educational use but not for industrial use.
The law tries to address the most complex factor in a rental
deal-security deposit. The draft act proposes to cap the
security deposit to a maximum of two months of rent.
The draft act also tries to address the issue of how rent can
be increased. Property owners has to give three months’
notice before increasing rent.