The Indian delegation is led by Commerce and Industry Minister Piyush Goyal. The four-day 13th ministerial conference (MC13) will start on February 26 in Abu Dhabi, the United Arab Emirates (UAE).
Trade ministers of 164 member countries of the World Trade Organisation (WTO) are meeting against the backdrop of the uncertain global economic situation due to the Red Sea crisis, the Ukraine-Russia war and the Israel-Hamas conflict.
The key issue of India’s interests at the meeting relates to finding a permanent solution for its minimum support price (MSP) issue for food security, agricultural reforms, fisheries subsidies, e-commerce moratorium on import duties, dispute settlement, and WTO reforms.
*Food security issues The public stock-holding (PSH) programme is a policy tool under which the government procures crops like rice and wheat from farmers at MSP, and stores and distributes foodgrains to the poor.
India stresses the need for PSH for its large, vulnerable population and wants a permanent solution from the MC13. Food procurement, stockholding, and distribution are crucial to India’s food security strategy.
MSP is normally higher than the prevailing market rates and sells these at a low price to ensure food security for over 800 million beneficiaries. However, the WTO’s Agreement on Agriculture limits the ability of a government to purchase food at MSP.
Under global trade norms, a WTO member country’s food subsidy bill should not breach the limit of 10 per cent of the value of production based on the reference price of 1986-88.
Bu hikaye The Business Guardian dergisinin February 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin February 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
LG nods to deployment of CDVs
In a move to tackle the ongoing air pollution crisis in the national capital, Delhi Lieutenant Governor VK Saxena on Wednesday approved the redeployment of Civil Defence Volunteers (CDVs) for a four-month period from November 1, 2024, to February 28, 2025.
Delhi has become gas chamber, AAP responsible for all this: BJP
Bharatiya Janata Party leader Shehzad Poonawalla on Wednesday wore a gas mask as the pollution level rises in the Delhi-NCR region and said that the national capital has become a gas chamber.
Police nab wanted shooter Mogli, Gogi Gang member
The Special Cell of Delhi Police on Wednesday arrested the third Gogi gang member in connection with the November 4 firing incidents in Nangloi and Alipur areas.
Winter action plan: Govt to set up 250 pagoda tents for homeless
The Delhi government has rolled out a winter action plan for the homeless as part of which 200-250 pagoda tents with a capacity to accommodate around 2,000 people will be set up and 16 rescue teams will be formed.
DELHI'S AQI HITS 'SEVERE': WORST IN COUNTRY THIS SEASON
Bihar's Hajipur, with an AQI of 417, had the second-worst reading in the country
LG appeals to CM to hike EWS limit to 5 lakh
The lieutenant governor noted that as per the minimum wages notified by the Delhi government the annual income of skilled workers (Rs 21,917X12= Rs 2.63 lakh) is more than the proposed threshold limit of Rs 2.5 lakh.
Delhi court grants bail to Vivo India official in PMLA case
Delhi's Patiala House Court on November 11 granted regular bail to Chinese national Guangwen, alias Andrew, in the Vivo Mobile money laundering case.
Gujarat High Court Rejected Temporary Bail Of Convict For Father's Treatment: 2002 Sabarmati Express Burning Case
The Gujarat High Court in the case Faruk Mohmmad Bhana Through Imran Faruk Bhana Versus State Of Gujarat And Anr observed and has rejected the temporary bail petition filed by a man who is convicted in the year 2002 Sabarmati Express train burning case, seeking for carrying out the medical treatment of his 95-year-old father.
Calcutta High Court On Plea Against Use Of Loudspeakers Near School For Specially-Abled Children: 'Puja Committee Thinks They Are Bigger Than God'
The Calcutta High Court in the case Prajna Paromita Sen And Anr. Versus State Of West Bengal And Ors observed that the use of loudspeakers and blocking of roads outside a specially-abled children's school for celebrating Jadadhatri puja, showed that the 'puja committee thinks they are bigger than the deity itself.
Punjab And Haryana High Court Referred Matter To CJ, Recommends Training: 'Pained And Shocked' Over Trial Judge Who Held Witness Guilty For Taking Contradictory Stand
The Punjab and Haryana High Court in the case Devender @ Sachin versus State Of Haryana observed and has expressed shock over the conduct of a judge who held the witness guilty for giving false statement because he took a contradictory stand before the police and the Court.
