 "The evolving dynamics of state-level politics in India highlight the increasing prominence of welfare schemes and subsidies as decisive factors in elections. Often criticised as “revdi culture”, these promises have become central to political manifes")
India is pushing for the use of a “per capita distribution of subsidies” criteria in order to discipline subsidies that result in overfishing and overcapacity under a World Trade Organisation (WTO) framework.
Last week, India submitted a paper at the WTO — Designing Disciplines for the Overcapacity and Overfishing Pillar: A Case for Intensity-based Subsidies Approach — which will be discussed at the global trade organisation’s general council meeting in Geneva on December 16-17, a senior government official said on Tuesday.
India also flagged the difference in the amount of subsidy provided by developing nations such as India, as compared
