-The Times of India BALI: The World Trade Organization (WTO) is making a fresh bid to break the deadlock with the multilateral body set to propose its own package to trade ministers from 159 countries amid clear signs that the meeting will go beyond its scheduled close. WTO director general Roberto Azevedo spent the night holding consultations with commerce and industry minister Anand Sharma and US trade representative Michael Froman stretching until...

-The Hindustan Times One man's fixation with rules can be another man's lifeline. Many international trade negotiators argue in favour of shooting down subsidies because it ‘distorts' trade. But the simple fact is that in a more-than-a-billion strong nation, in which nearly one in every three lives at subsistence level, one needs an effective and efficient method through which privileged tax payers can support the poor. India has rejected a proposal at the...

-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of foodgrain exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...

-Outlook Bali: Dismissing the suggestion that India was insisting on Food security because of the ensuing general elections at home, Commerce and Industry Minister Anand Sharma today said New Delhi was only pursing an old proposal and stressed that "no agreement" would be better than a bad one. The Minister, at a packed press conference, made it clear that New Delhi was not prepared for any compromise on the Food security issue,...

-The Times of India BALI: With a consensus at the World Trade Organization remaining elusive till early afternoon, India on Thursday said that it has no problems with a deal on eight of the 10 subjects on the table and would not be averse to the idea of further negotiations on the contentious Food security and trade facilitation issues in Geneva if an agreement is not reached here. While there are few...