The rapid growth of global markets has not seen the parallel development of social and economic institutions to ensure balanced, inclusive and sustainable growth. Although we may not have yet reached “the end of history,” globalisation has brought us closer to “the end of geography” as we have known it. The compression of time and space triggered by the Third Industrial Revolution —roughly, since 1980 — has changed our interactions with...
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India to revisit cotton export ban to keep onions flowing by Sujay Mehdudia
India is understood to have told Pakistan that it is ready to lift the ban on cotton exports if the latter resumes its onion exports through rail and land routes. Official sources in the Commerce Ministry said this was conveyed to Islamabad by the External Affairs Ministry. “The Indian side has conveyed to the Pakistani counterparts that it was ready to revisit the cotton export ban and ceiling issues, if the...
More »Global Food Prices in 2011 Face Perilous Rise by John Foley
Food prices globally are rising to dangerous levels. There is talk of a coming crisis, like the ones that produced riots around the world in 2008 and 1974. Many of the ingredients of a disaster are present, but governments can stop the problem before it causes too much damage. A warning sign is the price of traded staples like wheat, corn and rice. Prices shot up in 2010, soaring 26...
More »After favourable WTO verdict, US told to return shrimp money by Amiti Sen
India has asked the US to return shrimp exporters’ money locked up in Customs bonds. The US had imposed anti-dumping duty of 10.17% on Indian shrimps in 2005 and also asked local importers to provide enhanced Customs bonds worth the duty for past 12-month imports. When the US shrimp importers refused to furnish these bonds, India’s exporters had to shoulder the cost to keep shipments going. Following a successful complaint by...
More »Human Rights Watch Report: BSF killing with impunity on Bangladesh borders
Indian Border Security Force (BSF) personnel routinely gun down cattle smugglers and other civilians crossing the border with Bangladesh despite negligible evidence of any crime, says Human Rights Watch (HRW) from America.The New York-based rights group disclosed this in its 81-page report titled `Trigger Happy: Excessive Use of Force by Indian Troops at the Bangladesh Border” released on the eve of Human Rights Day (December 10).“The BSF - responsible for...
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