-The Hindu Commerce Minister Nirmala Sitharaman tables statement in Lok Sabha. Commerce Minister, Nirmala Sitharaman, rejected charges by the opposition parties that the government was unable to protect India’s interests at the recently concluded Nairobi Ministerial Conference of the WTO. “India negotiated hard to ensure that the WTO continues to place the interests of developing countries and LDCs at the centre of its agenda,” according to a statement tabled by Ms. Sitharaman, who...
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Setback for India: WTO draft text silent on country’s demands -Kirtika Suneja
-The Economic Times NAIROBI: In a major setback to India, the first draft of the WTO's committee on agriculture is silent on the two issues that the country has been pitching for- a permanent solution for food security concerns and a special safeguard mechanism (SSM) to protect from sudden surges in imports. The draft has dismissed the SSM issue in a few lines and linked it with the broader context of agricultural...
More »Move to Tax Sugar Beverages in India Welcomed by Public Health Advocates
-Press Release from India Resource Center New Delhi: A proposal to tax sugar sweetened beverages like tobacco in India is being welcomed by public health advocates. The proposal to increase sin taxes on aerated drinks is part of the recommendations made by India’s Chief Economic Advisor Arvind Subramanian on the upcoming Goods and Services Tax (GST) bill in the parliament of India. Taxation to reduce consumption of tobacco has been successful when used...
More »5,000 govt scientists to teach in schools, colleges
-The Times of India NEW DELHI: The government has decided to make it mandatory for over 5,000 scientists, working in different central agencies including the Council for Scientific and Industrial Research (CSIR), to undertake 12 hours of lecture classes in an academic year in public-funded schools and colleges across the country. Announcing the decision, Union science and technology minister Jitendra Singh said it would be "mandatory" for the scientists to formally take...
More »Disparity among Indian rich higher than elsewhere-Anshul Dhamija
-The Times of India BANGALORE: India has one of the worst records in the trickle-down of wealth. As of last year, for every one billionaire in India, there were just 26 ultra high net-worth individuals (UHNIs)-those whose net assets are over $30 million excluding their primary residence. In Japan, for every billionaire there were 609 UHNIs. In Brazil and South Africa, which are comparable emerging markets, the ratio was 1:129 and 1:119...
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