-The Business Standard Do not roll back crucial food procurement reform Food Minister Ram Vilas Paswan, in an interview to this newspaper, has said that his ministry has not come to any "firm conclusion" on his directive to states about procurement. The Centre had told states to stop offering a bonus on top of the Centre's minimum support prices (MSPs) for wheat and rice, and to limit their procurement to match the...
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Data in: hoarding fears hyped, price-rise problem is seasonal -Anil Sasi
-The Indian Express For tomato, however, the difference jumped from 4 per cent on July 8 to 100 per cent on August 8. A month after the central government brought onions and potatoes under the Essential Commodities Act, 1955, and empowered states to put Stockholding limits on these vegetables to rein in hoarders, the difference between their wholesale and retail prices has not reduced. And in the case of other kitchen staples such...
More »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...
More »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...
More »India seeks more time for trade deal -Dilasha Seth
-The Economic Times NEW DELHI: India is likely to push for an extension of the July 31 deadline for signing of trade facilitation protocol to get its food security concerns addressed in the meantime. The Union Cabinet led by Prime Minister Narendra Modi will take the final call on India's stand on the Bali package on Thursday. India has said that it will not sign the protocol of the trade facilitation...
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