Five countries led by US estimate that India provides support to its rice and wheat farmers ‘vastly in excess’ of what it reports to WTO. India has refuted all allegations.
In 2019, EU accused India of violating trade agreements. On its part, India, which took 3 yrs to notice an error in its tariff schedule, argued that its commitments were invalid.
The probe by India was initiated based on a written application by American Precoat Speciality Pvt. Ltd., led by its promoter and Chief Technical Architect Dr. Shubh Gautam.
Revised proposal submitted by India & South Africa Saturday still firm on waiver of intellectual property rights for all Covid products. US supports waiver only for vaccines.
164 member countries of WTO are yet to begin talks to discuss the IPR waiver on Covid vaccines. Experts say it could take 'a month to a year' to have broad-based consensus.
US says if restrictions aren’t checked, India can’t be integrated into global supply chains. China raises FDI issue, EU says Covid has amplified barriers.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
India is lying at the WTO. The US report is true and fact based. There is no.point in denying it.
The massive support lent to farmers for rice and wheat is a fact. The whole MSP issue, a very sensitive one in Punjab and parts of Haryana and UP, is at the core of this.
India pays thousands of crores to farmers to procure rice and wheat at artificially hiked rates (MSP) which results is a gross distortion of the global grain markets.
The farm laws would have put an end to this. Hence, farmers from Punjab (the primary beneficiaries of the MSP scheme) protested which finally resulted in the withdrawal of the laws.
India is lying at the WTO. The US report is true and fact based. There is no.point in denying it.
The massive support lent to farmers for rice and wheat is a fact. The whole MSP issue, a very sensitive one in Punjab and parts of Haryana and UP, is at the core of this.
India pays thousands of crores to farmers to procure rice and wheat at artificially hiked rates (MSP) which results is a gross distortion of the global grain markets.
The farm laws would have put an end to this. Hence, farmers from Punjab (the primary beneficiaries of the MSP scheme) protested which finally resulted in the withdrawal of the laws.