The American government said on Wednesday it had notified the World Trade Organization (WTO) that Delhi under-reports its level of farm subsidies. This comes at a time when the government here is planning to raise the Minimum Support Price (MSP) for farm produce by 50 per cent over the cost of production. Delhi notified its food subsidy bill till 2015-16 to the WTO only a week before
Other nations fare much worse when it comes to notifying their subsidies, a top Indian trade diplomat said. Adding: “We do not know where the US got its figures from. During the last ministerial