WTO MC13 extended to fifth day, hectic parleys on to end deadlock

“Members are indicating that additional time will be needed to iron out some of the outstanding issues,” said an official, adding that, for this reason, the informal meeting of heads of delegation and the formal closing session were postponed to Friday.

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MC13: Talks stuck on crucial issues, EU, US block India proposals

Negotiations at WTO's Ministerial Conference on fish and farm subsidies are stuck. Developed countries resist developing nations' demands. EU and US block pro-development agenda. Green room meetings continue. Little action seen on promises made by developed nations for development matters.

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MoSPI reduces no. of GDP estimates, timeline by a year

The ministry will now release five GDP numbers instead of six, with the final revision coming nearly two years from the completion of the financial year instead of three.

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India blames US for holding up dispute settlement at WTO, blocks China's attempt for investment pact

India criticizes the US for blocking WTO appellate body appointments, resulting in loss of credibility. Talks on investment facilitation and the Doha Development Agenda have deadlocked. WTO officials downplay the impact of a collapse. US Trade Representative rejects a deal on dispute settlement.

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CCI proposes changes to confidential info sharing

The regime, introduced in 2022, allows parties involved in a case to have access to confidential information or documents relating to other parties in an investigation to better defend themselves, subject to riders.

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Over 70 WTO nations agree to take additional obligations in services sector; India to benefit

These WTO (World Trade Organisation) members are taking the additional obligations under the General Agreement on Goods in Services (GATS) to ease non-goods trade among themselves and extend similar concessions to all other members of the WTO.

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Vijay Shekhar Sharma steps down as Paytm Bank's chairman

Vijay Shekhar Sharma, the founder of Paytm Payments Bank, has resigned as the non-executive chairman of the bank's board, following the Reserve Bank of India's restrictions on the bank's operations. Bhavesh Gupta, the nominee director of the bank's parent company, One97 Communications, has also stepped down. However, Sharma will continue to lead One97 Communications, and Paytm app will function as a third-party application provider for UPI transactions. The bank has appointed Srinivasan Sridhar, the former chairman of Central Bank of India, along with three others, as new board members.

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Govt spent 80% of revised FY24 capex outlay

The official said the collections under various small savings scheme remain healthy this fiscal and will be in sync with the revised estimate. The net mop-up for senior citizens breached ₹90,000 crore as of end-January this fiscal, way above that of ₹37,362 crore in the whole of FY23. The surge is mainly driven by the 2023 Budget move to double the deposit limit under the scheme to₹30 lakh.

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Indian economy likely to have expanded 7 pc in December quarter: Report

The country's real GDP growth for the December quarter is expected to be 7 per cent, higher than anticipated, according to a German brokerage. The official data on quarterly growth will be released on February 29. The estimate is based on high-frequency indicators and the Indian economy has shown resilience.

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