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US inflated Indian cotton subsidy by measuring in Rupee: India to tell WTO

India has been accused of giving out subsidies much higher than the 10 per cent limit allowed by the WTO

US calculated India's cotton subsidy in Rs, ballooning figure: Officials

India will furnish a rebuttal at the World Trade Organization (WTO) against allegations that it underreported the subsidy amount paid to cotton growers as part of the Minimum Support Price (MSP) programme. Last week, Washington DC told the WTO that India has given subsidies ranging between 53 per cent and 81 per cent of the value of production from 2010-11 to 2016-17, much higher than the 10 per cent limit allowed by the multilateral body. However, rather than calculating product subsidies provided by India in US dollar, the US government has furnished figures for India in rupee, ...