In­dia may face greater WTO scru­tiny in wake of 13% MSP hike for paddy I

Maritime Gateway - - Commodities And Cargoes -

ndia is likely to face greater scru­tiny at the

World Trade Or­ga­ni­za­tion (WTO) af­ter the cen­tre hiked the min­i­mum sup­port price (MSP) for paddy by 13 per cent. While In­dia has main­tained that its food sub­sidy for paddy is be­low 6 per cent, against the per­mis­si­ble 10 per cent, till 2015-16, and has no­ti­fied WTO, the US has raised doubts about In­dia’s cal­cu­la­tions. A com­merce min­istry of­fi­cial said In­dia may still be in the safe zone even with the lat­est hike in MSP. “Though there is a sharp jump in MSP for paddy, In­dia may still be in the safe zone as the ru­pee has de­pre­ci­ated against the dol­lar. How­ever, the ac­tual govern­ment sub­sidy will de­pend on to­tal pro­duc­tion and size of pro­cure­ment.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.