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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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The double standards in support to farmers stir -Rohit Parakh

-The Hindu Business Line Developed nations need to look at their own subsidies to farmers, policies on GM crop and pesticide exports The ongoing farmers’ protest has attracted a lot of global attention. So much so that the External Affairs Ministry even put out a rejoinder after some global celebrities tweeted in support of the protest. Some sections of the Indian diaspora, too, expressed their support which has attracted criticism back home. Agriculture...

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The global angle to the farmer protests -Utsa Patnaik

-The Hindu It is not just domestic firms that are potential beneficiaries of the new farm laws; foreign agribusinesses are a danger too The farmers’ movement for the repeal of the three farm laws which affect them closely but have been rammed through without consulting them, has now entered its second month. It is of historic significance. It is not just about minimum support prices but also about the survival of the...

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Why India should expose US hypocrisy on cotton subsidies at the WTO -Sachin Kumar Sharma & Parkhi Vats

-Financial Express Trade and World Trade Organisation (WTO) discussions thrive on perception. Recent actions by the US seek to portray India as flouting WTO rules and distorting the global market by providing huge subsidies to cotton. Left unchallenged, the hypocrisy of the US narrative on cotton could sway WTO members, particularly the cotton-producing African countries. So, what is the fracas on India’s cotton subsidies all about? Shorn of legalese, the US has...

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India manages to shield farmers' interests, ensure food security at WTO -Kirtika Suneja

-The Economic Times BUENOS AIRES: India managed to protect its farmers' interests and ensure food security for its poor even as the ministerial meeting of the World Trade Organization (WTO) is unlikely to yield much progress. A series of work programmes on issues such as agriculture, domestic support, fisheries subsidies, e-commerce and services are expected, increasing the chances of some progress in next ministerial meet in 2019. "India's food security programmes are...

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