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Cement prices continue to rise… Revving up the manufacturing sector Secularism and anti-Hinduism A professional at the helm of IRDA... Towards speedy justice Welcome GST Adapt Vajpayee dinner diplomacy TN accounts for the largest recruits by the IT sector Banning booze... An inexplicable neglect Shanti and Sadhana through Music Shipping woes of Chennai companies Editor's Notes The Gulf aviation boom Permanent secretariat for TN GIM A friendly business group Noble nonagenarians... Limit foreign borrowings to hi-tech, export potential projects... Demise of a media baron... When online building permits work…. Airlines in India: cost and space Excel Generators provide the vital back-up A rich pool of talent not utilised…. The few handicaps... Reliance’s TV – 18 ready to launch Tamil News Channel When small is no larger beautiful.. Russi Mody – a tribute Tough task taking states together Another Indian music maestro at the UN Tribute – UCAL Selvan… Delhi is distant… TGS- The king storyteller How Air-India loses customs... F C Kohli - his concerns all embracing The ‘Jayanthi Tax.’ Of course, Gujarat is vibrant He saved millions from starvation... A Grand Finale for SN’s MS centenary at the US… The balancing act A yen for wastage… Alexa – Talking Wikipedia Marketing expert Balagopal is no more A Grand Finale for SN’s MS centenary at the US… Cutting the nose to spite the face Auto components surge… Return to king coal for urea... EEC at the National Media Centre Naidu’s return augurs well for Seemandhra Where is Rajaji? When the President was rendered homeless… Fuel for thought Measuring roof tops in terms of KW/MW Delhi returns to BJP Air Asia India will set new benchmarks for budget travel Infrastructure funding – lessons learnt Computation of GDP – conundrums continue Tatas moving out of urea production... Paytm karo... Delhi Chalo... PC’s preference for professionals Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Put expensive assets created to use... Telangana in top gear… Bihar – Nitish Kumar adopts the Lalu model S Ramanathan – a versatile musician, musicologist The rise and rise of KCP Sweeter prospects for sugar PPP mode for upgrading Corporation Hospitals Tribute Solar thermal shines… Polls and promises Delhi is distant Convulsions in The Hindu Sri Lanka votes for change No Maha Koottani in TN... Rahman at CIC Fall in crude prices help in oil sector reform Welcome focus on core competence Boy, can you beat these? L&T- the specialty of special purpose vehicles CIPET hqrs to stay at Guindy – for the present? IAS invades NDDB... More Shakthi to Das’ elbow There was flood of milk. Reason: no milk commissioner! Readers' Mail Strengthen the base... Pharma – overdose of copying Adharma of opposition politics IPL type auction for VCs? Tribute – Manikam Ramaswami Wise Presidents TN – agglomerate land holdings without alienating ownership Nuclear power at the nucleus Engineering seats go abegging Build close rapport with business leaders to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Modi and the lady Poor quality of university VCs Contrarian cousins Waning interest in public discussions… The ‘Ayyo-yes’ is no more Discoms deserve better… TN-leverage strength of BHEL, NLC... Quality education through the PPP mode WTO Meet: resolved to meet again Muffled voices for merit… SoA @ 80 Robber barons everywhere The star of Spencers is no more TIAM turns a full cycle Things happen by accident and not by design... Mersal magnified More Shakti to resource mobilisation... Cleaning Ganga – relocate tanneries and install electric crematoria No mega rail project for Tamil Nadu Bihar elections - the Rajaji formula worked Solar, solar everywhere … Increasing non co-operation of state leaders Gas is the way forward TELANGANA at last…BUT New IT products of Ramco in the pipeline… West Bengal: mindless malignancy Not just in-laws (and outlaws); they’ve renowned academics at the helm! MHC should not return to its old indisciplined ways A welcome initiative by the judiciary Mu Sigma – is no more No engine for this car Kulandai was a giant A glass full of corruption An informal presentation - analytical, forward locking... Building loyalty through the stomach Godspeed, Chief Minister JJ Music happens Small units prefers to remain small... Haul over the coal More heat than light Fortune for Indian Airlines CSR and CMI: promise of another Srinivasan Ramanujan... Moily’s bold thrust R Sridhar steps down as CEO of Shriram Capital Welcome thrust on trade in Modi’s foreign visits... A more liberated TN… The power-full Hindujas Revive development banks... Dr C Rangarajan returns to Chennai The nuclear option A C Muthiah – his munificent bequeaths to science For whom the bell tolls? Remembering Indira Sivasailam... GM Technology at last! Sweet news for TN sugar mills Shale gas and its shallow future Should we change the official year? L&T: focus on infrastructure and more infrastructure… Padma Bhushan for A Ramakrishna Inflation: are we emulating Argentina and Brazil? Where a state respects its litterateurs… When Ratan Tata visited SRM Tax agriculture Come elections, come advertisements... …and of a popular trade leader An enemy’s enemy is a friend When nations steal growth from one another… Road development slows down Streamlining mandatory third party cover S V Raju – a ‘good’ true liberal The Jan Dhan bonanza Insurance companies bleeding, yet no decision on increasing FDI limit! CII projects higher growth… Wanted: a second airport for Chennai Multi-faceted Venkat Preserving for the future Editor's Says More tributes to GR Tihar, Puzhal not different from Parappana Agrahara Breaththrough in malaria control Vibrant Gujarat This scant respect for Law Gay abandon in pricing Align crops to agro climate endowments… Naidu will soon build a new Hyderabad A proud Madrasi Roaring Ro-Ro facility Kudos to NDTV... The rise and fall of Annamalai University Diamond jubilee of Egmore Samskrt School EVM is tamper-proof Scientists urged to take up farmer-oriented research Why land prices zoom in TN? Tribute – M V Murugappan A think tank for Chennai Make standards certification mandatory... Quality silica from Neyveli Maximising the micro pricing … For whom the MIDS bell tolls? When TN politicians can emulate Kerala's Medical costs hit the roof... Intellectual of rare qualities Colour-Chem’s colourful KRVS IPL - no surprise this scam Why this malaise in medical education? Lalu’s envy, India’s pride Fortune 500 review The why of tax incentives Poor representation for Kerala and TN in Cabinet Protest masters... The brown list of Venkitaramanan Recognition to role of NBFCs.... Like Hinduism: many paths to reach God... ONGC at KG Basin Modi storms Silicon Valley He continues the focus on social amelioration The Swadeshi Trump Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Silver Years of Madras Musings Making ‘my Amaravati’... B H Kothari - a tribute Welcome changes that testify to Jayalalithaa’s return to health Liberal imports idling indigenous capacities London, London Narayan Funding the un-funded Shaming of Tamils by Tamil farmers at Delhi Which side are you, Montek? Valli, they are more marginalised Tatas moving out of urea production... Land reclamation from sea appears cheaper! Plummeting profits of PSBs Odisha: spectacular win by Naveen Patnaik Five star activism stalls development activity China invests in India Focus on quality of power - its only around 170-180V Lesson from Chandrababu Naidu Rs.1600 crore paper board plant of TNPL All eyes on Sankara Nethralaya Whistle-Stop Tour of Raghuram Rajan The Ports’ Pasha expands into Tamil Nadu CRS, a jewel among managers, is no more. GNS - 100: our first subscriber Parliament in paralysis... Online not in line with brick and mortar businesses... Kinetic Karnataka Eternal support for capitalisation of PS banks The sea- saw battle continues... Don’t seem to feel the pulse…
 
WTO Meet: resolved to meet again

With the visible distaste of US President Donald Trump of multilateral institutions, it is becoming increasingly difficult to build consensus on global issues. The US has decided to withdraw from the UNESCO and resile on the Paris agreement on climate. The recent one relates to a combative approach to trade issues at the WTO.

The change in US stance to look inward and at national concerns is in contrast to the spirit  with which the US helped form and support several multilateral institutions in the aftermath of the Second World War. Remember the US’ magnanimity in aiding the reconstruction of post-war Europe as also the upliftment of numerous developing countries through bilateral and multilateral aid?

While multilateral trade has got stuck at the different meets since 2000, the impact has been increasingly severe post the 2008 economic slowdown. Europe is still regaining its past growth momentum and does not seem to be enthusiastic in appreciating the special requirements of developing countries like India to tackle poverty alleviation.

It is in this background, the stalemate at the recent ministerial conference of WTO at  Buenos Aires should be viewed. The divide was pronounced in regard to farm subsidies. Agriculture in developed countries has been sustained by such hefty subsidies, estimated to cost $160 billion. Developing countries have been arguing the case for a vast reduction in such subsidies to ensure fair international trade practices. This remains unheeded.

On the contrary, developed countries have been demanding the elimination of subsidies extended by developing countries to their poor and needy sections to maintain buffer stocks of food to tackle abject poverty.

Representing India, Commerce and Industry Minister Suresh Prabhu pointed to 800 million of global people going to bed hungry and under-nourished. Along with his Chinese counterpart, he sought a permanent solution for the subsidies involved in public stock-holding to ensure food security.

Sadly, both the stances remained irreconcilable.  So, the only resolution was to resolve to meet again two years hence.



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