-The Business Standard The NDA is looking to reduce fiscal deficit not by chopping social sector spending but by paring it down Finance Minister Arun Jaitley is fairly confident the government will meet this year's fiscal deficit target. At 4.1 per cent of gross domestic product the deficit looked looked like a bit of stretch in July but the food subsidy, for one, is not going to balloon as in previous years. The...
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NC Saxena, Former secretary-Rural Development Ministry and former member of the NAC, interviewed by Aditi Phadnis
-The Business Standard NC Saxena, a former member of the National Advisory Council believes that the regulatory regime in the states continues to be oppressive. In an e-mailed interview with Aditi Phadnis, Saxena says that the fundamental problem in India is the low tax-GDP ratio and neither the last government nor the current one seems interested in increasing revenues. Edited excerpts: * The new government appears to be watering down a lot...
More »SHGs set to buy paddy
-Deccan Chronicle KARIMNAGAR: Swasakhti groups, also known as self-help groups, are set to procure paddy produce this kharif season through Indira Kranthi Patham (IKP) centres. The groups have been playing a crucial role in buying paddy through IKP centers since 2006. Since the introduction of SHGs into the buying process, farmers have been getting hassle-free Minimum Support price (MSP) to their produce at their doorstep. The district has 55, 330 SHGs,...
More »WTO Talks Inconclusive, Discussion to Continue
-Outlook Geneva: With India sticking to its tough stand, efforts to break the impasse in the WTO on trade facilitation agreement and food security issues today proved futile and further consultations will continue over the week. The General Council of the World Trade Organisation (WTO), which met after a gap of over two months, could not make much headway. "I will be holding a series of meetings in a range of different configurations....
More »India to stick to food security stand at WTO panel meet
-The Business Standard In July, India had clarified it wouldn't ratify a trade facilitation agreement until a permanent solution on food security was arrived at A day before the World Trade Organization (WTO)'s trade negotiations committee meets in Geneva, India on Wednesday said during the negotiations, it would stick to its stand on food security. Speaking to reporters here, Commerce & Industry Minister Nirmala Sitharaman said, "Our position remains intact...we will underline the...
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