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Rural votes, old traumas drive India's WTO brinkmanship

-Reuters NEW DELHI: With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. But government officials say Prime Minister Narendra Modi is prepared to brazen out global outrage to seize a historic chance to build a rural power base with his defence of farm subsidies and to banish memories...

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The US probe of rice trade won’t yield much -Tejinder Narang

-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...

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Agriculture sector: Challenges & Reforms Required

-Press Information Bureau/ Ministry of Finance The Economic Survey 2013-14 released in New Delhi today has highlighted several challenges and reforms required in the agriculture sector. The Economic Survey states that as a concomitant of growth, the share of agriculture and allied sector in gross domestic product (GDP) declined to 15.2% during the Eleventh Plan and further to 13.9% in 2013-14 (provisional estimates-PE). While it still accounts for about 54.6% of...

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Making a hash of it -Ajay Vir Jakhar

-The Indian Express Modi government's potato policy will prove counter-productive. Onions and potatoes take centre-stage again. Having secured a mandate based on people's unhappiness with continuously high and painful food inflation, the government's inability to control prices is, understandably, sending shivers down the BJP's spine. Fulfilling the aspirations of urban voters and winning over a thoroughly exacting Delhi electorate, where re-elections are due, are essential to the BJP's game plan to succeed....

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Should you bet on agricultural stocks now? -Sanjay Kumar Singh

-The Economic Times The ills of Indian agriculture are many and well documented: highly fragmented land holdings, inadequate mechanisation, low quality and quantity of inputs, high dependence on monsoons, and so on. But the sector may do better in the future. Prime Minister Narendra Modi's success in raising the pace of agricultural growth in Gujarat and his government's intention of introducing agri reforms-the recent raising of import duty on sugar, meant to...

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