-Livemint It is early days yet to claim victory in the larger struggle to correct the fundamental bias in WTO against developing countries The impasse regarding the implementation of the trade facilitation agreement (TFA) in the World Trade Organization (WTO) seems to be coming to an end after India and the US reportedly resolved their differences on the food security outcome of the Bali ministerial conference held last December. Apparently, the US...
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Made for Big Pharma -Paranjoy Guha Thakurta
-Deccan Chronicle Prime Minister Narendra Modi may be patting himself on the back because President Barack Obama has agreed to India's position on food stockholding norms in World Trade Organisation (WTO). However, New Delhi seems to be bending over backwards to accommodate the American government and giant multinational corporations (MNCs) in the pharmaceutical industry, which will work to the detriment of our country's interests. In less than six months, the Modi government...
More »Explained: Understanding the permanent solution at WTO -Harish Damodaran
-The Indian Express Last week, India and the US reached an understanding on working out a "permanent solution" to the issue of public stockholding for food security purposes at the World Trade Organisation (WTO). The deal is seen as a breakthrough, ending the impasse that had stalled the implementation of a landmark Trade Facilitation Agreement (TFA) hammered out at the WTO's ministerial conference in Bali last December. * What is this deal...
More »Moderate inflation is a passing phase: Economists -Ishan Bakshi
-Business Standard A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation The sharp fall in inflation over the past few months has raised the clamour for interest rate cuts. With the Consumer Price Index (CPI) falling to 5.5 per cent in October from 6.5 per cent a month ago, which is below the central bank's target of six per cent by January...
More »Your food is not cheaper yet, but wait a while -Harish Damodaran
-The Indian Express * Have global agri-commodity prices fallen? By how much? They have. The Food and Agricultural Organisation's latest Food Price Index (base: 2002-04 = 100) of 192.3 for October is down 6.9 per cent compared to a year ago, and 19.1% below the all-time high of 237.7 reached in February 2011. Prices of commodities such as corn, wheat, soybean, sugar and palm oil traded in international futures exchanges are today...
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