|
|
Business & Economy
Group of 20 meet in Delhi to
finalise farm talks strategy
What is India News Service,
Wednesday, 16 March 2005, 1700 hrs IST
The Group of 20 developing countries will hold
their first
major conclave since last year on March 18 and 19 to finalise their strategy
on critical agriculture issues for the on-going negotiations in the World Trade
Organisation (WTO). The meeting will prepare a formal document laying down the
approach of the G-20 to crucial issues like tariffs and export subsidies of
developed countries.
According to the Commerce and
Industry Minister, Kamal Nath, the meeting will take stock of the state of play
in the negotiations in Geneva since the WTO Framework Agreement concluded in
July last year. He said these negotiations had so far focussed mainly on the
technical aspects of agriculture issues but political inputs were now needed to
break the logjam on these matters among WTO members. "The articulation of a
common approach and strategy of the G-20 ministers would be a very useful guide
to the negotiators in Geneva as they proceed ahead in these negotiations,'' he
said.
Briefing the media on the
meeting, he said though this was a diverse group with differing interests, it
had managed to take a broad approach supportive of developing country interests.
Highlighting the importance of
this meeting, the first major one since the conference in Sao Paulo last year,
he said a few countries should not be allowed to set the rules for multilateral
trade. He said the G-20, though a diverse grouping, would formulate strategies
to ensure level-playing field for developing countries.
Car
sales down in Feb, but Tatas buck the trend:
Expectations of an excise duty cut on cars in the Union Budget resulted in a 4.2
per cent drop in passenger car sales during February 2005. Customers postponed
their purchases in the month expecting a reduction in prices following the duty.
Steel
prices up, cars to cost more: Maruti, Hyundai and General Motors planning to raise prices.
Govt probing Infocomm share allotment: FM:
Allocation of shares to unlisted companies does not come under the purview of
Sebi.
Slippages
in six Central projects: Six Central projects, each estimated to cost over
Rs. 100 crores, continue to remain in the high slippage bracket, according to
the latest flash report of the Ministry of Statistics and Programme
Implementation.
'Indian
stock markets attractive for foreign investors': Indian stock markets are
still attractive for foreign investors, according to Mr Alan Jacobs, Senior
International Economist and Strategist, AMP Capital, Australia.
30%
of mobile users look for better operators: Despite doling out low
tariffs and feature-rich value added services, mobile operators may have to do a
lot more to keep subscribers within their fold.
Drug firms setting up crack R&D teams:
Their idea is to provide guidance to teams involved in drug discovery research.
Garment
exporters demand value-based rebate: The Apparel Export Promotion Council (AEPC)
today called upon the Finance Ministry to immediately restore value-based duty
drawback policy for garment exports.
Business papers
Business Standard
Economic Times
Business Line
Financial Express
|
![]()
|
