Concerted efforts have been made to give a new lease of life to the Doha Round of WTO negotiations. The question before us is: what is the most relevant role which this revived round of trade talks can play? If we take an overview of the entire international trade scene and the changes that have taken place ever since the WTO was created (including the negotiations which preceded the WTO’s...
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Erratic monsoon may hit kharif output: FICCI by Gargi Parsai
Loss in food grains estimated at 16 million tonnes Overall Kharif output can fall by 15 per cent Call for long-term strategy to tackle vagaries of monsoon Erratic monsoon this kharif could reduce the agricultural crop growth to -2 per cent year-on-year, down from an earlier estimate of 1.4 per cent, according to a Federation of Indian Chambers of Commerce and Industry (FICCI) report released here. The report, “Drought in...
More »Shrinking credit to farmers
At a time when the flow of institutional credit has tended to look up, pointing to economic recovery, the disbursal of agricultural credit has dipped by an astonishing 30 per cent, putting the prospects of recovery in the drought-ravaged Farm Sector in jeopardy. The numbers released by the National Bank for Agriculture and Rural Development (Nabard) indicate that both commercial banks and cooperative credit outlets are lagging behind their targets...
More »Centre counters anti-FTA campaign by KPM Basheer
KOCHI: In a rare move, the Union government has launched an ‘Appeal to the People of Kerala’ advertisement campaign to counter the ‘false propaganda’ against the Indo-ASEAN free trade agreement (FTA). Rarely does the Centre come out with such State-specific advertisement campaigns to counter resistance to its policy, it is pointed out. The half-page ads in the newspapers, issued in ‘public interest’ by the Union Ministry of Commerce and Industry, is...
More »The iniquitous perils of the free trade pact
This is a statement sent in by V.R. Krishna Iyer, a former Judge of the Supreme Court, who is based in Kochi: Some of the provisions of the Free Trade Agreement (FTA) that India recently signed with the Association of South East Asian Nations (ASEAN) will weaken India’s, and specifically Kerala’s, rubber sector because Malaysia and a few other countries that are a part of the ASEAN will flood the...
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