Reserve Bank Governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some "dent" to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box". It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
Global Subsidies Initiative describes itself as an honest broker of information on farm subsidies, which it says are killing the small farmer.
The US has come up with a new WTO proposal to find a permanent solution to food stockpiling.
The WTO has fixed an external reference price (ERP) for rice at Rs 3.52 per kg
American Andy Roddick and Briton Greg Rusedski will be going head-to-head on Centre Court in the race to hit the world's first 150 miles per hour (241.4 kph) serve.
The differences between the rich and developing nations have always been at the core of the World Trade Organisation, set up in 1995 to facilitate greater trade flows across the world, and it came as a major breakthrough when the US and India reached a deal over food security issues in 2014.
Earlier this year, the US accused India and China of exceeding the WTO limits on farm subsidies, saying these caused trade distortion.
India is threatening to block the World Trade Organization (WTO)'s trade facilitation agreement (TFA) reached at Bali last year unless its agricultural policies are permanently excluded from multilateral scrutiny.
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