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How to check the pulse of rising food prices -Sanjoy Narayan

-Hindustan Times Nearly half of what the average Indian earns she spends on food. And when food prices rise, the average Indian’s budget feels the strain. In November, the consumer food price index, which tracks food prices at retail sales points, was up 6.07% as compared to 5.25% in October. Even data relating to the Wholesale Price Index (WPI), which tracks prices of commodities when they are traded in bulk, show...

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Government to respond to WTO’s ‘Nairobi package’ in Parliament -Arun S

-The Hindu Experts and NGOs say Nairobi outcomes favour rich countries and effectively end Doha Round. In the backdrop of a political intrigue surrounding the World Trade Organisation’s (WTO) final Ministerial Declaration at the recently-concluded meet in the Kenyan capital, Commerce Minister, Nirmala Sitharaman, is likely to make a statement in Parliament tomorrow on what the ‘Nairobi package’ means for India. The minister will be making her statement amidst claims by international trade...

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Rich bloc wants poor nations to cut farm dole -Subodh Varma

-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...

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WTO talks conclude, leaves India disappointed

-ANI Talks conclude without any commitment on rich countries being asked to check their domestic subsidies After hectic negotiations for five consecutive days, the WTO Trade Ministers concluded their talks last evening without any commitment on rich countries being asked to check their domestic subsidies. India has expressed its disappointment over non-reaffirmation to conclude 14-year-old Doha Round pacts, even as WTO meeting in Nairobi managed to win a commitment to allow developing nations...

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Stalemate continues at WTO meet in Nairobi -Arun S

-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...

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