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