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India faces 'food security' hurdle in WTO -Amiti Sen

-The Hindu Business Line Members such as Canada, EU, US want stiffer safeguards for public stock holding India’s demand for a permanent solution on public stockholding subsidies at the World Trade Organization (WTO) is being challenged by several members, including Canada, the EU and the US, which are insisting on stiffer safeguards, restricted product coverage and a linkage with pruning of overall domestic support. “As the deadline for coming up with a permanent...

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GST rate cut: Union Cabinet gives nod, monitor will guard against profiteering -Aanchal Magazine

-The Indian Express The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers. New Delhi: THE UNION Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST)...

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Wholesale inflation at 6-month high of 3.59%; vegetables get 37% costlier

-PTI WPI-based inflation in September had been the highest since April's 3.85% New Delhi: Inflation at the wholesale level rose to six-month high of 3.59 per cent in October as the prices of food articles, led by onions and vegetables, rose sharply. Inflation, based on the Wholesale Price Index (WPI), was 2.60 per cent in September. In October last year, it was 1.27 per cent. Last month's inflation was the highest since April, when it...

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Higher food prices accelerate retail inflation in October

-The Economic Times Consumer inflation touched a seven-month high in October denting hopes of rate cut when the Reserve Bank of India reviews the monetary policy next month. Retail inflation, as measured by the consumer price index (CPI) rose to 3.58% in October from 3.28% in September, data released by the government showed. “While we expect the RBI’s March 2018 projection to be revised down a notch, but October’s CPI and the likelihood...

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Hunger, Starvation and Aadhaar -Himanshu

-Livemint.com Global Hunger Index 2017 is a grim reminder of the huge disconnect between India’s relatively high levels of growth and its low ranks on human development It took the death of 11-year-old Santoshi Kumari from Jharkhand’s Simdega district to remind the country that hunger and starvation of young children is still a reality in India. This was not the first such incident. Last month, three brothers in Karnataka also died under...

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