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India's demands block $1 trln WTO deal on customs rules
* India digs in heels on agriculture stockpiling demands * WTO chief says smallest nations will suffer most (Adds expiry of deadline, reaction) NEW DELHI/GENEVA, July 31 (Reuters) - The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on ...
Thu, 31 Jul 2014 15:40:49 -0700

Why did India block the first global trade reform in 19 years?
India on Thursday dealt a blow to global free-trade advocates by blocking a landmark agreement that would have been the World Trade Organization’s first global trade reform in nearly two decades. In early July, the Indian government stunned trade negotiators when it announced that would no longer support a trade facilitation agreement reached by all 160 members of the WTO at a December summit in ...
Fri, 01 Aug 2014 10:09:00 -0700

India says WTO deal not dead, can sign in September if concerns addressed
By Manoj Kumar and Tom Miles NEW DELHI/GENEVA (Reuters) - India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday. The deadline to sign the WTO pact to ease worldwide customs rules lapsed at midnight in Geneva on Thursday after ...
Fri, 01 Aug 2014 08:25:02 -0700

India, U.S. stress strategic ties but tensions remain
By David Brunnstrom and Rajesh Kumar Singh NEW DELHI (Reuters) - The United States and India stressed their desire to boost business and defense ties on Thursday, but trade and spying rows were a reminder of the obstacles to President Barack Obama's vision of a "defining" partnership. After a day of meetings in New Delhi seen as a preparation for a September visit to Washington by new Indian ...
Thu, 31 Jul 2014 16:21:20 -0700

Nine reasons why India's WTO veto shocked the world
India's tough diplomacy blocked a landmark world trade treaty late on Thursday, despite last-ditch talks to rescue what would have been the first global trade reform since the creation of the World Trade Organization 19 years ago. Trade diplomats in Geneva have said they are "flabbergasted", "astonished" and "dismayed" and described India's position as "hostage-taking" and "suicidal". Here are ...
Fri, 01 Aug 2014 01:17:30 -0700

India says WTO deal not dead, can sign in Sept if concerns addressed
NEW DELHI/GENEVA (Reuters) - India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday. The deadline to sign the WTO pact to ease worldwide customs rules lapsed at midnight in Geneva on Thursday after India demanded that the ...
Fri, 01 Aug 2014 08:20:59 -0700

Gavaskar slams India's 'abject surrender' in Test defeat
India's massive 266-run Test defeat to England drew widespread condemnation on Friday with former captain Sunil Gavaskar accusing Mahendra Singh Dhoni's team of "abject surrender" in Southampton. "To lose this Test even before lunch on the final day showed zero resistance whatsoever," Gavaskar told the NDTV news channel.. "There was no fight and that is a disappointing aspect," added the former ...
Fri, 01 Aug 2014 00:41:50 -0700

US, India see potential but new rifts emerge
The United States and India's new right-wing government voiced hope Thursday at working closely on the global stage, but fresh rifts over trade and spying cast a shadow. On his first visit since India's April-May elections, Secretary of State John Kerry said he was "excited" about new Prime Minister Narendra Modi and believed his "historic mandate" offered a chance for new US-India cooperation ...
Thu, 31 Jul 2014 09:45:17 -0700

India's battle against unneeded medical care finds World Bank support
By Aditya Kalra NEW DELHI (Reuters) - India needs to curtail excessive medical care that leads to patient overspending as more people get health insurance, the World Bank said on Thursday, adding voice to a growing chorus against overtreatment in the country. Practices such as "defensive medicine" and aggressive marketing by hospitals, which cost the United States an estimated $250 billion to ...
Thu, 31 Jul 2014 03:43:28 -0700

India uncovers new gold smuggling route
India is cracking down on a new gold smuggling tactic that could accelerate a flood of illegal imports of the metal into the country.
Thu, 31 Jul 2014 19:25:29 -0700


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