Inflation-indexed food subsidy best to calculate local subsidies - govt source

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Reuters NEW DELHI
Last Updated : Aug 01 2014 | 6:51 PM IST

NEW DELHI (Reuters) - Inflation-indexed food subsidy calculation is the best way to calculate domestic subsidies, an Indian trade ministry official said on Friday.

India's demands for concessions on agricultural stockpiling blocked on Thursday a global deal to standardise customs rules, which would have been the first global trade reform in two decades.

New Delhi has sought an indefinite peace clause on food security until a permanent solution is found, the official, who did not wish to be identified due to the sensitivity of the matter, told reporters earlier.

(Reporting by Manoj Kumar; editing by Malini Menon)

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First Published: Aug 01 2014 | 6:24 PM IST

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