-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of foodgrain exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...
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Food Security Non-Negotiable: Sharma to WTO Members -Rajesh Rai
-Outlook Bali: In a development that has increased the risk of collapse of Bali talks, India today in a strongly-worded message to the WTO members said the food security issue is "non-negotiable" for New Delhi. Addressing the plenary session of the 9th Ministerial Conference of the WTO, Commerce and Industry Minister Anand Sharma said the Bali package must be substantive, and historical imbalances in trade rules must be corrected to ensure a...
More »India not to compromise on food security at WTO ministerial meeting: Anand Sharma
-PTI BALI: On the eve of WTO ministerial meeting here, India on Monday said the interim solution on food security as currently designed is not acceptable and the country won't compromise its farmers' interest or succumb to mercantilist ambitions of rich nations. There is a national consensus and complete political unanimity on this matter in India, commerce and industry minister Anand Sharma said, adding: "It is therefore difficult for us to accept...
More »India to Take Tough Stand on Food Subsidy at WTO Meet
-Outlook Ahead of WTO meet in Bali, India today decided to insist on permanent immunity from actions for breach of subsidy level on rolling out food security plan-- a stand that can potentially derail talks next week. The Cabinet headed by Prime Minister Manmohan Singh decided to insist on solution to the subsidy breach issue prior to finalisation of Trade Facilitation Agreement even if it means that New Delhi will be blamed...
More »India Inc backs government stance on food subsidy at WTO
-PTI NEW DELHI: Backing the government's stance on food subsidy at the WTO, India Inc today said it is important to ensure legal entitlement of low-cost ration to the poor in order to achieve all-round development. "For us in India, we have to ring-fence the interest of subsistence farmers and poor by procuring grains at minimum support price (MSP) and ensuring legal entitlement of low-cost ration to the poor," Assocham President Rana...
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