Rejecting the suggestion that India is taking a difficult stand in the World Trade Organisation talks, Commerce Minister Kamal Nath has said New Delhi only wants a multilateral trading system that corrects the existing structural flaws.
Not the one to give up hope, WTO Director General Pascal Lamy is visiting India next week to find ways for picking up the threads from last month's failed trade talks in Geneva.
India's agriculture ministry has identified a list of around 80 special products that should get tariff treatment as part of the World Trade Organisation's current Doha Round negotiations.
The Institute of Chartered Accountants of India's Professional Education-I, Professional Education-II and Final examination will be held from November 1.
The government of Switzerland will not be taking up the allegation by Novartis that Indian patent law is incompatible with the Trade-Related Aspects of Intellectual Property Rights agreement at the dispute settlement board of the WTO.
It became increasingly clear that the real negotiations the government had to conduct were with Indian business which was wary of yet another free trade agreement, points out T N Ninan.
India on Thursday approved crucial amendments in the WTO agreement on TRIPS permitting governments to break the monopoly of manufacturers of patented drugs by giving 'compulsory licenses' in emergency situations.
The Mutual Logistics Support Agreement will allow militaries of the two countries to use each other's bases for repair and replenishment of supplies besides facilitating scaling up of overall defence cooperation.
Does intervention by central banks in the currency markets, with a view to keeping the home currency weak and help the exports, constitute a subsidy? Some US legislators think so.
However, the country has not put any restrictions on the entry of new foreign banks, since it wants a reciprocal gesture as Indian banks increasingly are plan to expand overseas.
Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
In her remarks at the US-China Relations Conference in Washington on Tuesday, US Trade Representative Susan Schwab said: "I urge China to pull back from the brink and unambiguously commit to the market access and flexibilities put on the table by the chairs -- just as Indian Prime Minister Singh has indicated his country will".
Leaders of the Indian industry are worried over the way the agricultural issue, which calls for pruning farm subsidies by the rich nations, is being handled at the ongoing global trade talks.
France on Friday warned India that the proposal to replace additional customs duty on wines and spirits with countervailing excise duty at the state level will weaken New Delhi's position
The Director General of World Trade Organisation, Pascal Lamy, today urged to speed up the negotiations on the Doha Round as the Trade Promotion Authority in United States is expiring in June.
The United States has approached the World Trade Organisation against India over the high customs duty it imposes on import of wine and distilled spirits.
Citing India's World Trade Organisation commitments made in 2003, Higher Education Secretary R P Aggarwal said, "The government has proposed 100 per cent FDI in higher education in all institutions."
Six key World Trade Organisation members, including India, on Monday failed to reach an agreement on steps to liberalise trade in agriculture and manufactured goods.
Ranbaxy Laboratories, the biggest member of the Indian Pharmaceutical Alliance, has come out in the open against the alliance's stand on patent issues.
WTO Director General Pascal Lamy met Prime Minister Manmohan Singh on Friday and sought concessions from India to revive the stalled Doha Round of negotiations.
'Have you met anyone who said "I will not boycott Chinese products"?'
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
Left to distance itself from NDA's 'aggressive' stance in Winter session
India's shrimp exporters heaved a sigh of relief last week following the decision of World Trade Organisation's anti-dumping panel to set July 24 as the deadline for the final hearing on the issue.
The trade referee is already reviewing a European legal challenge of wine and liquor restrictions in a number of Indian states.
India, which is the world's largest user of anti-dumping measures, also tops the list of countries that have taken the maximum number of safeguard actions such as restricting imports of a product to protect the domestic industry.
The US asked India on Monday to reduce barriers for increasing bilateral trade and expressed hope of forward movement in the stalled WTO talks.
Under pressure from the United States and the European Union, which have dragged it to the World Trade Organisation over high duties on wines and spirits
The United States on Monday ruled out cutting farm subsidies unilaterally, but said it was open to talks on the subject with a view to restarting the Doha Round of negotiations at the World Trade Organisation.
The pace of privatisation of the Indian healthcare segment is expected to be the fastest in the coming years.
"This round is development round and trade needs to be rebalanced in favour of developing countries," World Trade Organisation Director General Pascal Lamy said.
If the United States has its way in the World Trade Organisation, Indians may soon be able to savour the famed Californian wine for a much lesser price.
After India filed its complaint at the WTO in 2012, the dispute settlement panel of the body in July this year had ruled in India's favour against the USA's imposition of higher duties on New Delhi's steel imports.
These include the Professional Education-I, Professional Education-II and Final examination.
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