-PTI NEW DELHI: The government will on priority distribute nearly 27 million tonnes of wheat it procured this year under the relaxed quality norms through ration shops, welfare schemes and open market sales. The Food Corporation of India (FCI) procured 28.08 million tonnes of wheat this year, of which 26.62 million tonnes was purchased under the relaxed quality norms because the crop got damaged due to unseasonal rains early this year. FCI generally...
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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But they needn’t, if India sticks to the view that the benchmark price for measuring extent of support is too low and outdated India is concerned over the delay in reaching a ‘permanent solution’ to the problem of dealing with food procurement subsidies.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 »India working with WTO for permanent solution on food security
-PTI NEW DELHI: India is working with the WTO members to ensure an early permanent solution on the food security issue, parliament was informed today. "India is working with the WTO members to ensure a permanent solution at the earliest," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha. Ending months-long deadlock, the WTO in November last year acceded to India's demand to remove constraints on the...
More »Too poor to qualify for loans -Mehboob Jeelani
-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
More »Lifting of Iran sanctions boon for basmati -Dilip Kumar Jha
-Business Standard Export to Iran might hit a record high Lifting of global economic sanctions on Iran could, it is hoped in the trade, enable a new record for basmati rice export to that country from here in 2015-16. Iran is also expected to cut import duty on Indian basmati from 40 per cent now to 20 per cent from the new season, starting October. Our basmati export was a record 1.44 million...
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