The PM-KISAN program, which provides $6,000 per year to identified farmers, is expected to have 110 million beneficiaries, lower than the earlier estimate of 145 million. This is due to some farmers not revealing their land details or having joint holdings.
The auto industry slowdown has led to muted growth of 4% in motor insurance premiums in the first quarter, the lowest in five quarters. Slower new vehicle sales are impacting the growth of the motor insurance segment, which contributes 38% of non-life insurers' revenue.
The new Model Tenancy Act aims to modernize India's rental markets by capping security deposits at two months' rent and requiring three months' notice for
The PM-KISAN program, which provides $6,000 per year to identified farmers, is expected to have 110 million beneficiaries, lower than the earlier estimate of 145 million. This is due to some farmers not revealing their land details or having joint holdings.
The auto industry slowdown has led to muted growth of 4% in motor insurance premiums in the first quarter, the lowest in five quarters. Slower new vehicle sales are impacting the growth of the motor insurance segment, which contributes 38% of non-life insurers' revenue.
The new Model Tenancy Act aims to modernize India's rental markets by capping security deposits at two months' rent and requiring three months' notice for
The PM-KISAN program, which provides $6,000 per year to identified farmers, is expected to have 110 million beneficiaries, lower than the earlier estimate of 145 million. This is due to some farmers not revealing their land details or having joint holdings.
The auto industry slowdown has led to muted growth of 4% in motor insurance premiums in the first quarter, the lowest in five quarters. Slower new vehicle sales are impacting the growth of the motor insurance segment, which contributes 38% of non-life insurers' revenue.
The new Model Tenancy Act aims to modernize India's rental markets by capping security deposits at two months' rent and requiring three months' notice for
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.