-The Times of India NEW DELHI: Pan masala, gutka and several other tobacco products that are sold in pouches are set to get expensive as the government on Monday increased excise duty in a last-ditch effort to boost revenues. A statement issued by the finance ministry did not specify the extent of increase in excise but said the levy will now be linked to the capacity of production, which has increased due...
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Contentions on the Bali Ministerial Decision -Vijoo Krishnan
-Vikalp The recently concluded Bali Ministerial marks an important milestone in the WTO negotiations. The National Food Security Act, 2013 in India has brought the issue of food security and hunger within developing countries to the forefront of the negotiations in the WTO. In this context, the G-33 proposal addressing the issue of non-recognition of food security concerns of developing countries within the global trade rules reflected a meaningful unity within...
More »Victory for India, food security programme intact in Bali deal
-The Hindustan Times As a teary-eyed World Trade Organisation (WTO) director-general Roberto Azevedo hailed the landmark trade deal at Bali, Indonesia, on Saturday after five days of gruelling negotiations, it was India, led by commerce minister Anand Sharma, who won plaudits for successfully piloting the grand-bargain for drawing up a permanent solution to food subsidies. The deal also makes it mandatory for member countries - as part of a trade facilitation agreement...
More »WTO seals historic trade deal in Bali as India stands by its poor
-The Hindustan Times Bali: After five days of hard negotiations, the World Trade Organisation (WTO) on Saturday reached a historic deal designed to ease movement of goods across countries and allow developing nations more options to feed their poor - as India successfully lobbied in favour of state-funded welfare schemes. "For the first time in our history, the WTO has truly delivered," WTO director-general Roberto Azevedo broke down while announcing the deal...
More »After four days of intense negotiations, India has its way at WTO-Sidhartha
-The Times of India BALI: After four days of intense negotiations, World Trade Organization members are set to accept the government's demand on food security that will protect India and other developing countries from penalties for breaching the domestic support cap of 10% of value of production. In return, the government agreed to a new agreement on trade facilitation, the first since WTO was set up nearly two decades ago, that...
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