-The Indian Express The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers. New Delhi: THE UNION Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST)...

-The Indian Express Rice is not enough under PDS, but the only thing they can afford; potatoes are cheapest, but still costly; pulses, vegetables are out of the question; biscuits are a luxury; and Aadhaar is well-entrenched. Her hair brushed back, a comb tucked in her bun, Gudiya (26) is at ease this Tuesday afternoon. People from the administration are hovering around her, while six policemen keep a vigil on visitors. Officials...

-The Hindu Member nations have basis of agreement: UNCTAD official An agreement on elimination of ‘harmful’ fisheries subsidies is likely to be the only major outcome at the forthcoming meeting of the World Trade Organisation’s (WTO) highest decision-making body called the ‘Ministerial Conference’, according to the head of the principal United Nations (UN) agency handling issues related to trade, investment and development. On what could probably be among the ‘deliverables’ at the WTO’s...

-The Hindu Business Line The dilution of government intervention in the form of minimum support prices, procurement and public distribution is undermining agricultural production in the country Farmer movements and farm loan waivers in different States have driven home the fact that the viability of agriculture is under challenge. This is surprising, since the comprehensive framework for reviving agricultural production, introduced in response to the agricultural crisis in mid-1960s, is in principle...

-The Indian Express Price fluctuation and low and unremunerative prices for farm produce can be addressed through competitive markets, and much-needed reforms. EXTREME volatility in the prices of some food commodities has, in recent years, been hurting producers as well as consumers, while also disrupting certain economic activities. The reason for this appears to be the waning influence of non-price factors (technology, irrigation, extension) in driving growth, and the role of prices...