-Outlook Ahead of WTO meet in Bali, India today decided to insist on permanent immunity from actions for breach of subsidy level on rolling out food security plan-- a stand that can potentially derail talks next week. The Cabinet headed by Prime Minister Manmohan Singh decided to insist on solution to the subsidy breach issue prior to finalisation of Trade Facilitation Agreement even if it means that New Delhi will be blamed...
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Why NREGA wage hike is bad news for the economy-Shishir Asthana
-The Business Standard Politics of populism will impact the government's fightback against inflation Mumbai: With the benefits of Food Security Bill failing to kick in, government is back to playing the card which many claim helped it win the previous election. It is looking to make a substantial hike in wages under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA), according to a latest report by Economic times. A panel...
More »India Inc backs government stance on food subsidy at WTO
-PTI NEW DELHI: Backing the government's stance on food subsidy at the WTO, India Inc today said it is important to ensure legal entitlement of low-cost ration to the poor in order to achieve all-round development. "For us in India, we have to ring-fence the interest of subsistence farmers and poor by procuring grains at minimum support price (MSP) and ensuring legal entitlement of low-cost ration to the poor," Assocham President Rana...
More »'Slowing economy has 1 in every 4 Indian in distress'
-The Hindustan Times More Indians are feeling the gloom of a faltering economy, a global poll has suggested, with as many as one in every four rating their lives poorly enough to be classified as ‘suffering'. "Suffering" has more than doubled in recent years as Indians begin to have a grim outlook on the future as well, according to US-based research firm Gallup's report. The firm interviewed 5,000 adult Indians in...
More »Farmers protest ‘peace clause’ on food subsidy
-The Times of India NEW DELHI: Even as commerce and industry minister Anand Sharma sought to push an interim solution or a "peace clause" that will prevent WTO members from seeking penalties from countries such as India for breach of subsidy cap, the Opposition parties and farmer groups have asked the government to reject the solution, arguing that it is not in the country's interests. At next week's Bali ministerial meeting,...
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