-Down to Earth The number should be reduced from the current 169 targets A development expert, Morten Jerven, has estimated that the world might end up spending close to $250 billion just to monitor UN development goals for 2030. In a report, Jerven proposes that governments should cut down the number of targets from the current 169 to avoid over-spending. According to Reuters, world leaders will set new sustainable development objectives-such as improving...
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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 »US nudge on WTO position continues -Jayanth Jacob
-The Hindustan Times Not budging from its position, the US remains at the forefront of nudging India to give up its stand on farm subsidies for food stockpiling in order to clinch a trade facilitation pact at the World Trade Organisation. According to sources, US will yet again take up the issue as part of a "larger plan" to get India to drop its position during Prime Minister Narendra Modi's visit to...
More »Some 22 million displaced by natural disasters in 2013, UN-backed report reveals
-The United Nations A new United Nations-backed report launched today reveals that 22 million people worldwide were displaced in 2013 by disasters sparked largely by earthquakes or climate- and weather-related events - almost three times more than by conflict in the same year. The report, Global Estimates 2014: people displaced by disasters, conducted by the Norwegian Refugee Council's Internal Displacement Monitoring Centre (IDMC), shows that the risk of displacement due to disasters...
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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