The agreement addresses non-tariff barriers and promotes increased trade in technology products and cooperation between the two countries.
External Affairs Minister S Jaishankar has called on Brazil, Russia, India, China, South Africa (BRICS) to defend the multilateral trading system amid increasing protectionism and tariff volatility during a meeting of the bloc's foreign ministers in New York on the sidelines of the United Nations General Assembly session.
The United Nations on Friday expressed concern that food prices continue to remain high in developing countries, hurting millions of poor in both rural and urban areas.
Nearly a third of an average Indian citizen's consumption budget is spent on food.
Food inflation is rampant the world over. In Tunisia -- and to some extent in Egypt -- it actually led to the toppling of the government following riots over high food prices. West Asia and North Africa too have seen similar -- and huge -- protests over the hardships people are faced with due to runway inflation.
The 2020 Nobel Peace Prize has been awarded to the United Nations World Food Programme for its efforts to combat hunger. The Norwegian Nobel Committee said the WFP had acted "as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict". Here's what you need to know about the Rome-based organisation:
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
A look at the goods, from wheat to chicken, that are driving a global crisis--and raising food prices in your neighborhood.
Ducks, rice and human beings -- and not chickens are the "most significant factors" behind persistent outbreaks of bird flu, a new study has claimed. The study released by United Nations Food and Agriculture Organization (FAO) found ducks, rice and people not chickens to be the "most significant factors" in the spread of the bird flue in Thailand and Vietnam.
Soaring oil prices and growing environmental constraints is forcing the world to look for alternative sources of energy and switch to renewable bio-energy sources such as sugarcane and sunflower seeds, a United Nations agency says.
Trend could continue on downward revision in winter harvests.
Centre has already started work on developing a mechanism to ensure states producing any item in excess is able to transport it to other states where there is demand
Higher local output estimated to depress cross-border sales
The summer and rainy weather is favourable for locusts and they move from one place to another during this time, travelling 150 km in a day.
Forget tofu or soy milk. Entrepreneurs out of South Africa have opened a pop-up restaurant dedicated to serving gourmet meals, all made from alternative, insect-based ingredients. Welcome to The Insect Experience which opened in Cape Town last month. Customers are treated to dishes like chickpea black-fly-larvae croquettes, polenta fries made from mopane worm flour and mealworm biscuits. Take a look.
If the WTO talks in Bali fail, it will adversely impact India.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
The highest water-use efficiency of more than $ 50 per cubic metre is in Oceania, Australia, New Zealand, Singapore, Israel, Denmark, Finland, and Great Britain while the lowest is in Central and South Asia, including India, at less than $ 10 per cubic metre.
President Ram Nath Kovind on Monday said the country's farm production and procurement increased during 2020-21 crop year despite the pandemic and agricultural exports reached a record level of Rs 3 lakh crore during the same period. In his address to the joint sitting of both Houses of Parliament at the start of the Budget session, Kovind said the government is focusing on making the country self-sufficient in edible oils besides making special efforts to promote organic farming, natural farming and crop diversification. "My government is working continuously to empower the farmers and the rural economy of the country... I would like to give maximum credit to the small farmers of the country for this consistent success and strengthening of the agriculture sector," he said.
India decided last week not to ratify WTO's Trade Facilitation Agreement.
The fall in global prices resulted in a drastic decline in the Food Price Index compiled by the United Nations' Food and Agricultural Organization. Based on the prices of a basket of internationally traded food commodities, the FAO Food Price Index averaged at 203.9 points in July, down 4.4 per cent (2.1 percentage point) from a revised value in June. This level was seen earlier in January, at 203.2 points.
'Obviously, MSP hike raises chances of a reduction in exports. Even without an MSP hike, India's exports of a number of agri-commodities, like sugar, were unviable in the overseas markets.'
Dairy, sugar prices fall sharply, despite El Nio fears
Efforts by Indian activists to challenge the Biotechnology Regulatory Authority Bill, now pending in Parliament, may get a boost from a controversy that has broken out in the US
I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.
Swarms of immature pink locusts and adult yellow locusts are currrently active. Not only are fresh locusts swarms expected to arrive in the coming weeks, but even those already present in India have mated and are breeding new offspring.
Though hunger levels are not alarming in India, it still fares badly, lagging behind Nepal and Sri Lanka on the Global Hunger Index.
While Sonia Gandhi has been avoiding attending public events, Rahul Gandhi left on a short personal visit abroad only on Sunday.
Region takes about a third of all Indian fruit shipment and quarter of vegetables sold abroad; consignments from other states could face ban, too, if virus not contained
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
While the government has claimed significant increase in funds for farm credit, PMKSY and PKVY, facts show a different story.
Stating that open markets mean more opportunities, Modi said during the last six years the government has made many efforts to make the Indian economy more open and reform oriented.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
According to the final draft of the negotiating text circulated by WTO Director-General Roberto Azevedo among trade ministers of the 159 member countries on Wednesday night, on public stockholding for food security purposes, a developing country like India can provide subsidies for farm support even if those exceed the permissible 10 per cent cap.
Prime Minister Narendra Modi on Saturday said the target date for achieving 20 per cent ethanol-blending with petrol has been advanced by five years to 2025 to cut pollution and reduce import dependence.
We import from China not because we love China, but because they sell us these things at cheap prices, points out Rathin Roy.
Currently a ton of cocoa costs about $1,845 (1,500) at the exchange, $25,610 (20,821) at big chocolate producers like Barry Callebaut and $32,082 (26,083) in the shop.
India and the United States settled a dispute on Thursday that had paralysed the World Trade Organization and risked derailing a $1 trillion package of reforms.
Godavari Dange, a school dropout who was widowed at the age of 19 is now changing the lives of farmers in her village and beyond.
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