-The Hindu The Shanta Kumar Committee's recommendations to unbundle the Food Corporation of India are in tune with U.S.-led demands raised in the World Trade Organization The Shanta Kumar Committee report, released last week, on a range of issues relating to procurement, storage and distribution of food grains is not only deeply flawed in its reading of the situation on food security, but also short on facts. It was prepared under the...

-Down to Earth US actions jeopardise India's pro-poor patent laws that promote generic drugs production, says online global petition More than 75,000 people have requested Prime Minister Narendra Modi not to succumb to US pressure on Intellectual Property Rights (IP). With trade and intellectual property rights featuring prominently in the agenda of US president Barak Obama's India visit, civil society groups have expressed concern that talks on these issues are designed to make...

-The Hindu Business Line   Commerce Ministry asks poultry breeders to assess risk on fresh health concerns New Delhi: India is preparing a second line of defence to protect its domestic poultry industry against competition from cheap chicken leg imports from the US. With the world trade organisation recently ruling against India's ban on chicken import from the US on the grounds that it would lead to spread of bird flu, the Commerce Ministry...

-The Indian Express It's likely that India's crop production this year will be lower compared to 2013-14, given deficient rains both in the southwest (June-September) and northeast (October-December) monsoons impacting kharif as well as rabi plantings. But that by itself needn't be cause for concern. We have seen one-off farm output declines even in 2009-10, 2004-05 and 2002-03, which were also drought years. What should worry us more, instead, is the...

-The Asian Age The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy. However, in the medium and long run, the fall in oil prices has ramifications that are far from positive for this country. The windfall gains that have accrued will provide temporary relief for finance minister Arun Jaitley and will enable him to meet the fiscal deficit target in the...