The finance ministry is reviewing the Pradhan Mantri Fasal Bima Yojana’s cup-and-cap model. This comes as crop insurance business declines, with premium collections expected to fall significantly. Large states are shifting to the cup-and-cap model, which limits insurer risk and profitability. The review aims to ensure the scheme’s long-term sustainability and effective farmer coverage.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.