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Govt will not reduce food, fertiliser subsidy

-The Deccan Herald The government will not reduce subsidy on food items, fertilisers and development schemes in the current financial year starting April from what was paid in 2013-14, Minister of State for Finance Nirmala Sitharaman said. "The government does not plan to cut subsidies given in schemes like Mahatma Gandhi National Rural Employment Guarantee Act and National Food Security Act," the minister said in reply to a question in the Rajya...

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Food security and Rodrik’s trilemma -Mihir Shah

-The Hindu The government deserves congratulations for its firm stand at the WTO, which finds support in Rodrik's trilemma The Princeton don Dani Rodrik is one of the world's leading economists. He is a firm believer in and supporter of globalisation. However, he has also posed a famous "globalisation trilemma." A trilemma describes a situation where only two of three things can hold true at the same time. If any two out...

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India hopes to convince WTO by Sept on food security issue

-PTI New Delhi: After the recent failure of WTO talks, India on Wednesday hoped that by September it will convince the multi-lateral trading body about the need for developing nations to give subsidies on food stocks so that it is relieved of the "draconian sword". Commerce Minister Nirmala Sitaraman told Rajya Sabha that the tough position adopted by India and the recent talks in Geneva had been supported by many least developed...

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WTO: West’s Smoke & Mirror Tactics -Ranja Sengupta

-Business World   The WTO Bali deal is ultimately a battle between food for the poor and trade for the rich The current global uproar at India's refusal to ratify the Trade Facilitation Agreement of the WTO Bali Declaration is a classic example of how meticulously orchestrated media hype and misdirected "expert opinions" attempt to pressurise developing countries into submission at global negotiations. India's primary interest is the food security proposal for ensuring...

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Govt stance at WTO belies assurance on food security, says farmers’ group

-The Hindu Business Line While some farmers organisations have welcomed the Narendra Modi Government's stance in World Trade Organisation, some others feel that the Government's actions do not match its words with regard to its stance on food security and farm subsidies at home. "We totally support the Government's stand on WTO's Trade Facilitation Agreement. In fact, in a country like ours, agriculture should be totally kept out of the purview of...

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