-Live Mint The big question is whether commitment made by Chidambaram-to contain fiscal deficit at 4.8% of GDP-will be met With the current account deficit in check, the spotlight is now on the second major macroeconomic problem that needs to be fixed: the fiscal deficit. The big question is whether commitment made by finance minister P. Chidambaram in the budget-to contain the fiscal deficit at 4.8% of gross domestic product (GDP)-will be...

-Live Mint The national food security law is in trouble from an unlikely source The outcome of the World Trade Organization (WTO) summit at Bali has been projected as a great victory for the Indian government by its spokespersons. Nothing could be farther from the truth. In exchange for a temporary reprieve on its food support programme, India has bartered away the bargaining chip of trade facilitation, which Western negotiators demanded. The...

-The Hindu     India wilted under pressure from US: Right to Food Campaign Civil society groups are "extremely disappointed" about India accepting a peace clause with conditionality on its food and farm subsidies at the Bali World Trade Organisation (WTO) Ministerial with no assured mechanism for finding a permanent solution. They are unhappy that India has opened up its farm and food domestic policies, programmes and mechanisms to international scrutiny with large data and...

-The Indian Express India faces no risk of violating its commitments under WTO The Indian delegation, led by commerce minister Anand Sharma, is approaching the WTO Ministerial in Bali with a ‘begging bowl'. The government has agreed to the so-called ‘peace clause'-a euphemism for not taking any penal action for violating commitments under Agreement on Agriculture (AoA)-proposed by WTO Director General but with the caveat that this will remain in place until...

-The Business Standard India has emerged as a "voice" in climate change and trade negotiations. The already industrialised countries say that India is obstinate, strident and unnecessarily obstructionist in crucial global debates. The problem is not that India is loud - this it needs to be. The fact is that, while ecological and economic globalisation are interlinked and irrevocable, there is a fundamental weakness in the overall rules that govern these...