India has appealed against a ruling of the World Trade Organization’s (WTO) trade dispute settlement panel which ruled that the country’s domestic support measures for sugar and sugarcane are inconsistent with global trade norms. The appeal was filed by India in the WTO’s Appellate Body, which is the final authority on such trade disputes. India […]
A World Trade Organization (WTO) panel ruled in favour of Brazil, Australia and Guatemala in their trade disputes with India over sugar subsidies, reports Reuters. The WTO has asked New Delhi to conform with global rules. In the cases brought before the WTO in 2019, the rival producers alleged that India had broken WTO rules […]
An unprecedented spike in the prices of natural gas and other raw materials is set to inflate the Indian government’s fertiliser subsidy bill by ~62% — or Rs 50,000 crore — to Rs 130,000 crore this fiscal, compared with a budgeted Rs 79,530 crore, ratings agency CRISIL said in a report, adding that this would […]
The Centre’s fertiliser subsidy bill is set to soar by 62 per cent over the budgeted amount to Rs 1.3 lakh crore this fiscal due to the massive rise in raw material prices despite lower demand, says a report by Crisil. “An unprecedented spike in natural gas prices and other raw materials is set to […]
India will push for a permanent solution to the issue of public stockholding for food security purposes at the four-day ministerial meeting of the World Trade Organisation (WTO) in Geneva, starting from November 30. It will also seek a special safeguard mechanism (SSM), along the lines of the one available to developed countries, to protect […]
India has rejected a revised draft negotiating text on WTO’s proposed fishery subsidies agreement saying it was weak, unbalanced and favours developed nations. India, however, completely supports the proposed pact for disciplining fishery subsidies, but it has to be balanced and gives a policy space for future to developing nations and where fishermen are poor. […]
Cooking gas LPG prices may be hiked next week after under-recovery on the fuel widened to over Rs 100 per cylinder. This will be the fifth increase in cooking gas rates across all categories — households using subsidised gas for cooking and heating purposes, non-subsidised fuel and industrial-sized gas. LPG rates were last hiked by […]
The next ministerial meeting of the World Trade Organization (WTO) will likely consider a raft of critical issues, such as fishery subsidies, WTO reforms, public procurement programmes for food security and the multilateral body’s response to the Covid-19 crisis, including the fate of a patent waiver proposal floated by India and South Africa to better […]
The Centre has, till now, cleared Rs 1,800 crore in subsidy to sugar mills for undertaking a mandated export of 6 million tonnes of the sweetener in the 2020-21 season-ending this month. The government had to offer export subsidies during the last three seasons to reduce surplus stocks and help cash-starved sugar mills clear cane […]
The systemic inventory of phosphatic fertilisers in the Indian markets has dipped sharply, triggering concern for the upcoming rabi season. The dip in phosphatic fertilisers has been caused by a decline in imports, elevated international prices and limited availability in the international markets, while domestic demand remained stable. Ratings agency ICRA, however, expects that the […]
