Commerce Ministry to discuss issues related to WTO agenda
The Dollar Business Bureau Senior officials of the Ministry of Commerce will discuss and deliberate upon several major issues with regards to World Trade Organisation (WTO) in New Delhi this week. Indian officials posted at the WTO headquarter in Geneva (Switzerland), including JS Deepak - Permanent Representative of India to WTO, will take part in the deliberations, according to an official. The key issues that would be discussed include the matters related to the upcoming WTO ministerial conference in December in Argentina, subsidies on fisheries and permanent resolution on government’s stock-holding of foodgrains for the purpose of food security. The WTO ministerial conference is the topmost body for decision making. The issue pertaining to food security concerns various developing countries which offer foodgrain at subsidised ...
India increases buffer norms for food grains; Excess stock to be exported
The Dollar Business Bureau It is estimated that India wastes around 4 – 6% of cereals mainly due to poor storage facilities and transport The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi has approved the revision of buffer norms for food grains in the Central Pool. The Committee has also said that in case the stock of food grains in the Central Pool is more than the revised buffer norms, the Department of Food and Public Distribution will offload excess stock in the domestic market through open sale or through exports. For this purpose, an Inter-Ministerial Group consisting of Secretary, Department of Food & Public Distribution, Secretary, Expenditure and Secretary, Consumer Affairs has been ...
