At the G33 Ministerial Meeting, Minister Piyush Goyal also held extensive talks with his counterparts from developing and least developed nations
The active cases comprises 0.10 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 98.66 per cent. Stay tuned for more
The draft specifies a transition period of seven years for developing nations, instead of 25 years, for exempting some developing countries from subsidy cuts
The stage is all set for a face-off between the developing and developed countries at the 12th World Trade Organization (WTO) ministerial meeting in the Swiss town of Geneva
India will press for a permanent solution to the issue of public stock holding of grains for food security programme and strongly protect the interests of farmers and fishermen at WTO ministerial meet
Despite making all the correct noises, the WTO members have failed to walk the talk as evident in divergent positions on food security
The 12th Ministerial Conference starts on Sunday to discuss matters under the ambit of multilateral trade rules
Nations with an open and free trade policy will make the most of the recovery in global trade
WTO rules on foodgrains must be updated
RBI's monetary policy committee (MPC) is likely to decide on the exact rate hike on the basis of its inflationary expectations at that point of time. Read more in our top headlines
Developing countries, including India, have been battling for policy space to impose Customs duties on electronic transmissions
In 1998, WTO members agreed not to impose customs duties on electronic transmissions and the moratorium has been periodically extended at successive ministerial conferences
As global temperatures rise 2 degrees Celsius or more above pre-industrial levels, the country's chapati challenge is only going to become more urgent
Commerce and Industry Minister Piyush Goyal met World Trade Organisation Director-General Ngozi Okonjo-Iweala and reiterated India's support for strengthening the multilateral trading system
Government officials said India may not agree with the proposal as it will restrict its policy space to deal with domestic food security concerns
India will make a pitch for finding a permanent solution to the issue of public stockholding for food security in the WTO meet in Geneva starting June 12, an official said. Besides, issues including agri subsidies and World Food Programme will be on the agenda of the 12th ministerial conference, the highest decision making body of the 164-member World Trade Organization (WTO), the official said. For the meeting, the Indian team will be led by Commerce and Industry Minister Piyush Goyal. "Finding permanent solution to public stockholding will be our key demand," the official added. 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. As part of permanent solution, India has asked for things like amendments in the formula to calculate the food subsidy cap and inclusion of programmes implemented after 2013 under the ambit of 'Peace Clause'. As an interim measu
'WTO's priority must be to revive world economy, sustain post-pandemic growth'
The WTO's 164 members on Friday discussed the 'outcome document' that stems from months of negotiations between the main parties - the United States, the European Union, India and South Africa
India's Permanent Representative T S Tirumurti pointed out that "oil prices are skyrocketing and there is shortage of food grains and fertilisers" disproportionately impacting the developing countries
Indonesia last week banned the export of crude and refined palm oil amid global shortage of the edible oil