-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...

-The Times of India NEW DELHI: The government on Friday refused to yield to pressure from developed countries to accept easier customs rules without its food subsidy concerns being addressed, putting at risk a likely deal at the World Trade Organization (WTO). Developed countries have stepped up the pressure on India saying failure to strike a deal on trade facilitation would stall global trade reforms and deal a massive blow to the...

-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...

-Economic and Political Weekly Corruption in Indian medicine is back on the front pages. One would think that there has been an abrupt spurt in corrupt practices or a major scandal. Nothing of that sort has happened. However, there have been some interesting developments for the focus to shift back to what is really a very old affliction. This is an update on recent happenings as the entrepreneurial spirit of the...

-The Hindu   The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...