The definition is contested as the answer has immense economic implications. If bamboo is a tree or timber, it belongs to the forest department and can be auctioned to the paper and pulp industry, often at throwaway rates. If it is a grass, then it would be classified as a minor forest produce and people would have the right to cut bamboo for sale or for value addition by making...
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After favourable WTO verdict, US told to return shrimp money by Amiti Sen
India has asked the US to return shrimp exporters’ money locked up in Customs bonds. The US had imposed anti-dumping duty of 10.17% on Indian shrimps in 2005 and also asked local importers to provide enhanced Customs bonds worth the duty for past 12-month imports. When the US shrimp importers refused to furnish these bonds, India’s exporters had to shoulder the cost to keep shipments going. Following a successful complaint by...
More »Govt has no mandate to negotiate Indo-EU FTA: CPI(M)
The CPI(M) today said the government has "no mandate" to negotiate the Indo-European Union Free Trade Agreement (FTA) without consulting Parliament and political parties as it would adversely affect the economy and large sections of the people. Maintaining that negotiations on FTA "till date have been conducted under a veil of secrecy", it claimed that the Government has in the past signed agreements that "affect large sections of the people adversely...
More »An income commission for farmers by Sreelatha Menon
When little children in cities have a Happy Meal burger at McDonalds and get a Batman car or Ben 10 toy free, they are getting much more for free — all gift-wrapped by wheat and potato farmers in some far-off village. They are not paying for the labour put in by the farmer, the profits forgone by him, and the higher cost of living that he did not bill on...
More »India-EU generic drug row 'resolved' at Brussels summit
A row between the EU and India over the transit of generic drugs through Europe has been resolved, negotiators told Reuters news agency.As a result of the deal at an India-EU summit in Brussels, an Indian complaint to the World Trade Organization will be suspended, India's trade minister said.But some fear the free trade agreement (FTA) at the core of the summit will hurt generic drug production.The FTA, one of...
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