-Down to Earth Last year, when commerce minister of UPA government had agreed to the trade facilitation pact pushed by developed countries, it was perceived as compromising the interests of poor nations that need to stockpile foodgrains for public food programmes After weeks of speculation on whether India would sign on the dotted line, the new World Trade Organisation agreement to ease worldwide customs rules collapsed late Thursday night in Geneva. Many (including...
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India threatens to derail WTO deal, puts food security rider; US angry
-The Hindustan Times Geneva/ New Delhi: India told the World Trade Organisation on Friday it will only back a worldwide reform of customs rules - the so-called trade facilitation agreement (TFA) - if its demands on rules for government-driven food procurement and welfare schemes are implemented in the same timeframe. "India is of the view that the TFA must be implemented only as part of a single undertaking including the permanent solution...
More »India seeks more time for trade deal -Dilasha Seth
-The Economic Times NEW DELHI: India is likely to push for an extension of the July 31 deadline for signing of trade facilitation protocol to get its food security concerns addressed in the meantime. The Union Cabinet led by Prime Minister Narendra Modi will take the final call on India's stand on the Bali package on Thursday. India has said that it will not sign the protocol of the trade facilitation...
More »Size of PDS set to rise, but fewer people want to buy subsidised grain -Sandip Das
-The Financial Express While the Centre has asked states to roll out the National Food Security Act, 2013, by October, when the coverage of Targeted Public Distribution System (TPDS) will increase to an estimated 84 crore people from 55 crore now, the capacity of states to handle more foodgrain is doubtful given their poor offtake record in the last few years. Official data since 2012-13 indicate that state governments have failed to...
More »Government to enhance efficacy of PDS -Gargi Parsai
-The Hindu The government on Thursday said it proposed to restructure the Food Corporation of India that procured, stored and distributed foodgrain to identified beneficiaries under the Targeted Public Distribution System. Presenting his budget proposals for the food sector, Union Finance Minister Arun Jaitley said the government was committed to reducing transportation and distribution losses and enhance the efficacy of the Public Distribution System. Food Security Act Although Mr. Jaitley did not mention the...
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