KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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Big push for GM crops -Devinder Sharma
-The Tribune US spearheading move to force developing countries to open up to imports The US filed a fresh complaint against India at the world trade organisation (WTO) last week. In its submission, the US sought withdrawal of India’s import restrictions on genetically modified (GM) foods, including rice and apples. It said the demand for a non-GM certificate was disrupting American agricultural exports. This comes at a time when for no apparent...
More »50 million people worldwide in modern slavery
-Press release by International Labour Organisation dated 12 September, 2022 Latest estimates show that forced labour and forced marriage have increased significantly in the last five years, according to the International Labour Organization, Walk Free and the International Organization for Migration. GENEVA (ILO News): Fifty million people were living in modern slavery in 2021, according to the latest Global Estimates of Modern Slavery. Of these people, 28 million were in forced labour...
More »Why the American Argument Against India's Food Subsidies Is Deceptive at Best -Biswajit Dhar
-TheWire.in India is being targeted using a deeply flawed methodology that the WTO has prescribed for estimating subsidies arising from market price support. On July 1, a dozen US Congressmen wrote a letter to President Joe Biden, asking him to hold India to account for its decades-long violation of commitments made to the world trade organisation (WTO). Their contention was that India had been providing minimum support prices to its farmers in violation...
More »As midterms approach, Republicans step up rhetoric on India’s trade practices -Prashant Jha
-Hindustan Times India has consistently maintained that this position is based on both an erroneous reading of the nature and intent of India’s price support mechanisms and underplays the scale of America’s support to farmers. Washington: As elections for the House of Representatives loom, a group of Republican Congressional representatives from America’s agricultural belt or with agricultural interests have stepped up the rhetoric against India’s agricultural subsidies — alleging that these distort...
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