It may have done away with subsidies on important commodities such as petrol but the Indian government is sure looking to make up for it on the international platform by attempting to hold its ground on the issue of food subsidy and thus blocking a WTO deal that is being said to be a landmark one as far as global trade is concerned. In fact the major reasons for this stance of India is the possibility that it break the subsidy limit for rice and wheat, as well as the various problems the government is facing within the country on subsidy-related issues.
India shows firm resolve on subsidy issue and stops WTO deal
WTO is trying its best to push this particular agreement through but India has stayed put on its decision to not support the same till the time its concerns are addressed properly. As per subsidy data that the government is supposed to release in the coming weeks, in 2011 the amount of subsidy provided on rice was 9% of the production value and for the wheat the rate was a little lesser. India is safe as of now but if the subsidy crosses 10% then it could be penalized by WTO.
UPSC row leads to disruption of Rajya Sabha
The controversy surrounding the change in the pattern of examination for UPSC (Union Public Service Commission) has seen several candidates staging protests. The government had formed a committee, headed by Arvind Verma, in order to study the various aspects related to the changes and provided its report on July 31. However, the government for some reason decided to ignore this rather critical issue and not introduce it on August 1 itself. The result of this unfortunate and undesired delay was the loss of question hour in the Rajya Sabha.
The upper house of Indian legislature saw a couple of adjournments prior to noon when the members insisted on being provided details of the said report. The members of opposition in Rajya Sabha asked the government to accord due importance to the problems being faced by the students who have been agitating and stressed that this issue needed to be given proper importance. Naresh Agarwal, from Samajwadi Party, and Sharad Yadav, from Janata Dal-United, were at the forefront of the said demands. However, in all fairness the government made an effort to salvage the situation with Venkaiah Naidu stating that the details shall be provided following the question hour.
Government planning fresh auctions for spectrum by February 2015
The Department of Telecommunications (DoT) is supposed to start the coming round of spectrum auction and the date fixed for this procedure is February 3, 2015. It is expected that this spectrum auction will help the government draw an approximate amount of INR 14,000 crore. The spectrum is supposed to be sold in the following bands:
- 800 MHz
- 1800 MHz
- 900 MHz
- 2100 MHz
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