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India threatens to derail WTO deal, puts food security rider; US angry

-The Hindustan Times Geneva/ New Delhi: India told the World Trade Organisation on Friday it will only back a worldwide reform of customs rules - the so-called trade facilitation agreement (TFA) - if its demands on rules for government-driven food procurement and welfare schemes are implemented in the same timeframe. "India is of the view that the TFA must be implemented only as part of a single undertaking including the permanent solution...

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India’s best hope is that the Budget due February 2015 chooses growth and jobs -Arvind Panagariya

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...

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India firm on food subsidies at WTO, trade deal at risk

-The Times of India NEW DELHI: The government on Friday refused to yield to pressure from developed countries to accept easier customs rules without its food subsidy concerns being addressed, putting at risk a likely deal at the World Trade Organization (WTO). Developed countries have stepped up the pressure on India saying failure to strike a deal on trade facilitation would stall global trade reforms and deal a massive blow to the...

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Country climbs ladder — by one rung

-The Telegraph New Delhi: India continues to lag on human development indicators in spite of a slew of welfare programmes, with a UNDP report released today ranking it 135th among 187 countries that were judged on progress in areas such as life expectancy, education, income and employment.   Analysts blame India's poor performance on lack of accountability in implementation of the welfare programmes. Former National Advisory Council member N.C. Saxena said state governments...

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Aadhaar gets a lifeline as Nandan Nilekani impresses Narendra Modi and Arun Jaitley -Vikas Dhoot & M Rajshekhar

-The Times of India NEW DELHI: Four days before Prime Minister Narendra Modi made his first public statement surprisingly backing the Unique Identification Authority of India (UIDAI), former UIDAI chairman Nandan Nilekani met with the PM and finance minister Arun Jaitley and persuaded the new regime to persist with Aadhaar numbers and the Direct Benefits Transfer (DBT) scheme. This meeting - a life-saver for the Aadhaar programme - happened on the first...

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