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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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WTO review backs Centre move to cut farm subsidies

-The Tribune Review skeptical about programmes such as ‘Make-in-India’ and ‘Self-Reliant India’ New Delhi: The World Trade Organisation’s review of India’s trade policies has expressed concern about the high level of government intervention in the agriculture sector. Members recognised the importance of the sector in supporting livelihoods and food security. At the same time, they urged India to reform its agricultural policies as they continue to be based on “significant levels” of domestic and...

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India implemented several measures to facilitate trade during 2015-20: WTO

-PTI/ The Hindu The points were part of the report of India’s seventh Trade Policy Review (TPR), which began on January 6 at the World Trade Organization India has implemented several measures to facilitate trade, such as simplification of procedures and customs clearances for imports and exports, according to WTO. Geneva-based World Trade Organisation (WTO) said that the other trade-facilitation initiatives introduced by India since 2015 include introduction of Indian Customs Electronic Gateway...

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Why sugarcane farmers don't want Brazilian President as chief guest on Republic Day -Joe C Mathew

-Business Today Brazil, a major sugarcane producer, has been against India's existing scheme to support sugarcane farmers claiming that it was beyond the permissible limits under the WTO regulations Prime minister Narendra Modi-led government's decision to invite Brazilian President Jair Messias Bolsonaro as the chief guest of India's Republic Day celebrations on January 26 has been criticised by All India Sugarcane Farmers' Federation (AISFF), an affiliate of CPIM's farmer body All India...

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Explained: Why the world is debating data flow -Karishma Mehrotra

-The Indian Express Should data be allowed to flow freely or localised at source? As IT Ministry prepares to present data protection Bill in Parliament and countries argue at global forums, a look at both sides of the debate. The IT Ministry’s Bill on data protection is scheduled to be introduced in Parliament during the current session. Worldwide, the data flow debate is playing out at the World Trade Organisation (WTO)...

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