-The Economic Times NEW DELHI: India is likely to push for an extension of the July 31 deadline for signing of trade facilitation protocol to get its food security concerns addressed in the meantime. The Union Cabinet led by Prime Minister Narendra Modi will take the final call on India's stand on the Bali package on Thursday. India has said that it will not sign the protocol of the trade facilitation...
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The US probe of rice trade won’t yield much -Tejinder Narang
-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...
More »Monsoon, a key driver of Indian economy -Naveen Mathur
-The Hindu Business Line Below normal rainfall will result in agricultural production declining India, predominantly an agriculture-based economy, is largely dependent on the monsoon. The agriculture sector is the backbone of the Indian economy and thus, monsoon should be considered as the backbone of agriculture. The four-month South-West monsoon season, accounts for nearly 75 per cent of the country's total rainfall and plays a crucial rule as about 55-60 per cent of...
More »Still smug about the high growth years? -Ashoak Upadhyay
-The Hindu Business Line Drop the euphoria for a moment - a third of India is seriously poor. And urban poverty has risen sharply The latest report on the number of poor Indians shows a third of the population living below the recalibrated poverty lines. C Rangarajan, a former governor of the Reserve Bank of India and former chairman of the Prime Minister's Economic Advisory Council, was asked to look into the matter...
More »The pressure builds on rice -G Chandrashekhar
-The Hindu Business Line As Indian consumption rises, the cereal available for exports may shrink For millennia, rice has been an integral part of the cuisine across Asian nations. China (140 million tonnes) and India (105 million tonnes) are two of the world's largest producers of rice followed at a distance by Bangladesh, Indonesia, Vietnam, Thailand, the Philippines and Pakistan. Major exporters include Thailand, India, Vietnam and Pakistan while major importers include...
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