The claim-to-premium ratio under the Pradhan Mantri Fasal Bima Yojana (PMFBY), the crop insurance scheme jointly sponsored by the Centre and states, is set to drop sharply in the crop year through June 2022.The crash in claims by farmers will likely revive interests of both insurers and states, many of whom were getting disillusioned with the scheme for high payouts. In fact, the claim ratio has...

Non-alcoholic beers and cocktail mixers, which gained popularity during the days of Covid lockdown, have managed to carve out a niche space for themselves and are here to stay, show market trends.In the pre-pandemic times, such drinks were restricted to bars, pubs and restaurants, but have now made their way into people’s homes, thanks to easy availability through online channels and also mode...

Around 1.37 billion students in 138 countries have been affected due to the closure of schools and universities because of the pandemic, a UNESCO study revealed. As a result, students around the globe are at least eight months behind where they would have been had the pandemic not occurred, a McKinsey report stated. “It is true that we are lagging behind but the issue is not just about eight mon...

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 83rd day by OMCs on August 16. The most recent price reduction had came in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel earlier last month. The cut in VAT is likely to ...

NSE Nifty 50 closed at 17698 with a gain of 301 points on a weekly basis. On the weekly chart the index has formed a long bullish candle forming higher High-low compared to previous week   and has closed above previous week’s high indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above 17800 level it would witness buying which would lead the index towards...