-Down to Earth Last year, when commerce minister of UPA government had agreed to the trade facilitation pact pushed by developed countries, it was perceived as compromising the interests of poor nations that need to stockpile foodgrains for public food programmes After weeks of speculation on whether India would sign on the dotted line, the new World Trade Organisation agreement to ease worldwide customs rules collapsed late Thursday night in Geneva. Many (including...
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WTO standoff: India may lose 'Peace Clause' if Bali pack fails -Nayanima Basu
-The Business Standard In its effort to safeguard the rights of its poor by blocking the World Trade Organization's (WTO's) trade facilitation agreement (TFA), India might lose out on securing a deal on food security, including the much-needed 'Peace Clause' agreed on during WTO's Ninth Ministerial meeting in Bali, Indonesia. WTO members have threatened that if the so-called Bali package gets derailed, every single issue that was negotiated and on which a...
More »India threatens to derail WTO deal, puts food security rider; US angry
-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...
More »Land Ahoy!
-Tehelka Bureau Though well-meaning, the new Land Acquisition Act is far from being a perfect legislation. But the urgency to amend a law even before a real field test signals a larger agenda. By all counts, this was expected. Long before he became the BJP and subsequently the nation's chosen one, Narendra Modi had made it clear that his model of development gains from the ease of doing business. Then, days ahead...
More »Despite record onion yield, prices shoot up -Subodh Varma
-The Times of India NEW DELHI: There has to be something drastically wrong somewhere when onion prices start rising just after the largest ever harvest of onions. In 2013-14, India harvested 19.3 million metric tons of onions. That's 15% more than the previous year. This is not the final figure: it is the latest estimates put out by the agriculture ministry and may go up or down by a couple of...
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