-The Hindu When the going gets tough, public investment must be stepped up to pump-prime a slow-moving economy facing uncertain headwinds of low commodity prices and faltering international trade. When the going is good, the private sector would also have a role to play, Finance Minister Arun Jaitley has said, vowing to ramp up infrastructure investments in 2016-17. Ten months ago, in his first Budget for a full financial year, Mr....

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

-The Hindu With the U.S. showing a preference for plurilateral agreements over WTO multilateralism, developing nations must defend the global trading system against transnational corporations The 10th Ministerial Conference of the World Trade Organisation (WTO), which also marked the completion of two decades of functioning of the most recent of the multilateral institutions, ended with an agreement among trade ministers of the member countries that may have pushed the organisation to the...

-The Times of India After a bruising battle between the rich countries and blocs of not-so-rich ones, the Nairobi World Trade Organisation (WTO) meeting of 160 nations failed to reach an agreement on an issue that directly affects 250 million farmers and farm workers in India. One of the bitterest fights, continuing from previous rounds, saw India lead a group of nearly 50 developing countries to stave off attempts by richer...

-The Hindu The WTO Nairobi meet — which was expected to produce by noon local time (2.30 PM IST) on Friday a Ministerial Declaration to liberalise global trade — stretched into overtime with the developing and the developed world failing to bridge their differences over farm issues as well as on whether to continue with the ongoing 14-year-old Doha Round talks. Hectic parleys were on between member countries, during the last day...