-The Hindu The belt-tightening requires the poor to pay increased indirect taxes while the cushion of the social sector is consistently taken away from them. There is always a hype around a Union Budget but this time around, the expectations were running sky-high in terms of it being the make-or-break Budget for the Narendra Modi-led government since it happens to be in the middle of his five-year term. I must say at...
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Focus on farming
-Business Standard Many good ideas for agricultural reform should be in the Budget Shoring up the rural economy that has been crippled because of two successive droughts is clearly a major focus of the upcoming Budget. This is imperative also to revive rural demand for goods and services to stimulate overall economic growth. But how Finance Minister Arun Jaitley will seek to achieve this feat is hard to predict, though what he...
More »To subsidise or not: All you need to know about food security -B Sundaresan
-Hindustan Times Commerce minister Nirmala Sitharaman has said that the WTO will have to give a permanent solution to India’s food security issue. HT explains. * What has WTO got to do with food security? The World Trade Organisation was established in 1995 to facilitate trade among members, who now number at 161. The WTO facilitates trade through rounds of negotiations — there have been nine rounds till now, the latest being the...
More »Food subsidies still haunt India at WTO -Uttam Gupta
-The Hindu Business Line But they needn’t, if India sticks to the view that the benchmark price for measuring extent of support is too low and outdated India is concerned over the delay in reaching a ‘permanent solution’ to the problem of dealing with food procurement subsidies. The WTO members are thrashing out a work programme for the 10th Ministerial to be held in Nairobi this December. Under Agreement on Agriculture (AoA), developing...
More »ILO's labour wing questions proposed trade union restrictions -Somesh Jha
-Business Standard The govt's view is that the unions should be representatives of the workers who can negotiate with the management and raise issues concerning them The labour wing of the International Labour Organisation (ILO) on Monday raised concerns over the Union government's proposal to restrict the entry of outsiders into the trade unions. "The ILO convention clearly states that it should be up to the trade unions to decide about its structures...
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