-The Indian Express The four-month monsoon season ended last week leaving a deficit of 12 per cent. The authorities have called it a below-normal monsoon and the worst in the past five years, but skim the data and the picture seems even more sobering. Nearly one-third of the 36 met divisions in the country have received deficient rainfall, with Haryana, Punjab and Uttar Pradesh - which are major agriculture regions -...
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Won't raise allocations under food law: Govt
-The Business Standard Says increase in the subsidised foodgrain allocation will put pressure on the food subsidy bill Union Food Minister Ram Vilas Paswan on Tuesday said the government has no plans to raise subsidised foodgrain allocations under the National Food Security Act (NFSA) from 5 kg to 7 kg a person a month. Under the Act, each eligible person gets 5 kg of rice at Rs 5 a kg or wheat at...
More »India's 93.2% quandary at WTO -Soumya Kanti Ghosh
-The Business Standard WTO reconvenes to re-examine issue of agriculture subsidies, numbers alone suggest that India has a strong case for declining to sign WTO's TFA The World Trade Organisation (WTO) is reconvening in the last week of September to examine the issue of agricultural subsidies against the backdrop of India's refusal to become a signatory to the trade facilitation agreement (TFA) at Bali. Since then, a lot of water has flowed...
More »Getting India’s agri support maths wrong -Tejinder Narang
-The Financial Express The USDA projection of 29% of agri GDP is faulty as it counts rural development expenditure also, it is only 13% In a report titled "India's Agricultural Exports Climbs To Record High" (click here to access), the US Department of Agriculture (USDA) speaks of a steep ascent in Indian agro exports-from $5 billion in 2003 to $39 billion in 2013. This may be flattering, but the facts and figures...
More »India's farm subsidy well below WTO cap of 10%: Official
-PTI NEW DELHI: India's farm subsidies are well below the WTO's cap of 10 per cent and the developed world should move ahead with finding a permanent solution for stock piling of grains for food security purposes, an official said. According to a WTO filing, India has given a total farm subsidy of $56 billion, of which trade distorting subsidy amounts to only $13.8 billion for 23 commodities, including rice and wheat. Explaining...
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