India is involved in 15 disputes at the WTO, mostly against the US: Minister tells Parliament.
Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.
These taxes include value added tax (VAT), electricity duties and fuel used for transportation, which are not exempt or refunded under any other existing mechanism.
Unless key issues are addressed, even if growth bounces back from the sub-5 per cent, it will stay lower than the already inadequate long-term average of 6.6%, writes T N Ninan
Situation to worsen as estimates don't take into account coronavirus outbreak
On the World Trade Organization's (WTO) appellate body for dispute settlement, he said early restoration of the full strength of the body will help in realising the objectives of the WTO
Reset, thus, is not much of a reset as much as setting of the lines of sound policies for the govt to adopt, once the extravagant bits are edited out
This initiative was launched in mid-December 2019 by the EU and a number of other WTO members following the effective paralysis of the WTO Appellate Body
Curbs on Malaysian palm oil import present a good opportunity
The governments called on the World Trade Organization to beef up existing regulations, which they said in a statement are "insufficient to tackle market and trade distorting subsidisation
Shadows of the events in 2019 will loom large over the world and India
Ratan Tata has also filed a petition in the Supreme Court appealing it to set aside the NCLAT order which restored former Tata group chairman, Cyrus Mistry as Executive Chairman
The government had decided to discontinue MEIS--its largest export promotion scheme--after the WTO said it distorted trade.
Declines in tobacco use amongst males mark a turning point in the fight against tobacco, says WTO
The EU launched a complaint at the WTO in late November over Indonesian curbs on nickel ore exports and hit Indonesian biodiesel with tariffs last week
The appellate branch of the WTO's Dispute Settlement Body, sometimes called the supreme court of world trade, will stop functioning on Wednesday after years of relentless US opposition
The US has stalled appointments of members in the appellate body of WTO's dispute settlement system.
The decision came after talks ran late into Monday evening, two trade officials said
A US offensive against the World Trade Organization will effectively shutter the group's system for settling disputes, at a time it's most needed
India will suffer from US' subversion of WTO courts