The US has come up with a new WTO proposal to find a permanent solution to food stockpiling.
Critics have even suggested that India is doing this because it is not prepared to take on the requirements of TFA, with a relatively weak trade infrastructure.
The Samyukt Kisan Morcha, a joint front of almost 40 farmer organisations, wrote a letter to the ministry of agriculture and farmers' welfare accepting the Centre's offer for dialogue and proposed December 29 as the next date for the meeting.
Amid the ongoing farmers protest at the Delhi borders, Congress General Secretary Priyanka Gandhi Vadra is set to attend kisan mahapanchayat in Uttar Pradesh's Saharanpur district on Wednesday.
'The Indian Army is there to give a second chance to any youth who accepts his mistakes and wants to surrender and come back to the mainstream. We, the uniformed forces, are here to save lives and not to take lives. The system, the entire administration, will facilitate not only their surrender but also ensure that they are well integrated back into the mainstream,' Lt Gen Y K Joshi said.
The council resisted intense pressure from the powerful manufacturing, pharma and other trade lobbies that have urged the Obama administration to enact punitive measures against India for a laundry list of alleged intellectual property and patent violations.
Glimpses of the protests in Colombo against the worsening economic crisis
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. The government is planning to dilute its stake in LIC through the the Initial Public Offering (IPO). LIC in February had filed the Draft Red Herring Prospectus (DRHP) before the markets regulator Sebi for the IPO.
Never before has the need for creating an ambience for economic policy reforms been as critical as it is now, points out A K Bhattacharya.
The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from cryptocurrency, and in respect of Goods and Services Tax (GST) also the law is "very clear" that the rate would be applicable as those in case of other services.
Domestic exporters may soon start shipments of mangoes, such as 'Dasheri' and 'Langda', to the US as America will start accepting testing certificates of specified agencies of India, a senior government official said on Tuesday. India has not exported mangoes to the US for the last two years. The set protocol involves the arrival of the US phytosanitary inspector, who monitors the process, which is called pre-clearance operations before exports. They have not visited India during the summer of 2020 and 2021.
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
India's current account deficit is expected to deteriorate in the current fiscal on account of costlier imports and tepid merchandise exports, according to the Finance Ministry's monthly economic review. The review released on Thursday by the ministry also said that global headwinds would continue to pose a downside risk to growth as crude oil and edibles, which have driven inflation in India, remain major imported components in the consumption basket. For the present, it said, "their global prices have softened, as fears of recession have dampened prices somewhat. This would weaken inflationary pressures in India and rein in inflation."
Uttam Ghosh asks if the hasty manner in which the farm bills were passed means another strike against democracy in a nation which prides itself as the most populous democracy in the world.
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Trade ministers and diplomats from around 130 countries are participating in the four-day meeting that started on Tuesday.
Reserve Bank Governor Shaktikanta Das on Monday said despite the latest headwinds arising from the Jackson Hole summit leading to extreme volatility, our banking system and financial markets are strong enough to withstand such pressures. Taking the markets by surprise, US Fed chair Jerome Powell had told the annual Jackson Hole summit of central bankers and economists last week that he would have to keep raising federal fund rates to tame inflation, which remains the biggest challenge to the world's largest economy. He also warned of the pains that such monetary policy actions would create on growth and jobs.
ADB has often expressed its interest in promoting sub-regional integration in South Asia and perhaps could be involved as a facilitator.
Opposition parties have alleged that the two agriculture Bills will undermine the safety net provided to the farmers by the MSP system and will lead to their exploitation by big companies.
Days after their passage in the Lok Sabha, Tomar introduced the Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 in the Rajya Sabha.
The Supreme Court said on Wednesday the issues related to the Maharashtra political crisis, triggered by the differences in the Shiv Sena, are "tough" constitutional questions to decide as they have "very serious" ramifications for the polity.
Farmers protesting the contentious farm laws will hold demonstrations outside the residences of Bharatiya Janata Party lawmakers across the country on Saturday, a Bharatiya Kisan Union (BKU) office-bearer said.
Sri Lanka on Thursday signed an agreement with India to jointly redevelop the strategic World War II-era oil tank farm in the island nation's eastern port district of Trincomalee, in a new milestone in bilateral economic and energy partnership.
Three key agriculture Bills, approved by the Lok Sabha, are facing staunch opposition from within the ruling coalition with senior minister Harsmirat Kaur Badal resigning in protest and farmers hitting the street.
"We foresee a very intensive engagement during the day that will culminate in the summit," the MEA spokesperson said.
Hundreds of farmers have been protesting on different borders of the national capital since November 26 against the three newly enacted farm laws.
The government will have to move a bill in Parliament to repeal the three agri laws, which were at the centre of protests by farmers for the past year, Constitution and legal experts said on Friday.
India decided last week not to ratify WTO's Trade Facilitation Agreement.
Whether one likes it or not, services constitute the value-addition sector that the country has to build on, using its comparative advantage in infotech and related skills, suggests T N Ninan.
"Strict action will be taken as per the law," Haryana Home Minister Anil Vij said in Ambala, responding to a question about the incident.
India on Thursday asked China to allow Indian citizens to travel to that country especially those who work or study there, and said that essential two-way travel should be facilitated, especially keeping in view the fact that Chinese nationals are able to travel to India.
Addressing the food security concerns is important as India is still has 190 million hungry people, Cabinet Secretary Ajit Seth said at an event organised by a global think-tank The Club of Rome.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
Tikait said the farmers are ready to talk with the government on the farm laws but made it clear that the discussions should be held without conditions.
The President's assent to these bills comes amid the Opposition criticising the manner in which they were passed in Parliament.
MEA Spokesperson Arindam Bagchi said the forthcoming Quad summit will provide an opportunity for the Quad leaders to exchange views about developments in the Indo-Pacific and contemporary global issues of mutual interest.
Nepal's Prime Minister Sher Bahadur Deuba on Monday inaugurated the country's second international airport built by China that will help connect Lumbini, the birthplace of Lord Buddha and a major tourist and pilgrimage destination, to Buddhist circuits in South Asia as well as to the rest of the world.
The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
On Thursday, the prime minister appreciated Tomar for 'attempting to have a polite dialogue' with the farmers through an open letter, requesting them to read it.
India does not feature in the top 100 countries on eight of the 10 indicators of the World Bank study.
The Bharatiya Janata Party MLAs staged a walkout ahead of the voice vote.
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