Conclusion of Doha talks will boost global rade: FICCI

New Delhi, Aug 30: With the stage set for a mini-ministerial meeting of the World Trade Organisation (WTO) here this week, a leading industry lobby in India has urged the member countries to prepare an action plan for the early conclusion of the Doha Round trade talks.
If the world leaders reach a consensus on the Doha Round, it will boost global exports by $185 billion, the Federation of Indian Chambers of Commerce and Industry (FICCI) said in a report. “We urge the participating ministers to use this opportunity for readying a blueprint with timelines. This would be critical for completing the Doha talks within the present deadline of next year,” FICCI president Harsh Pati Singhania said. The mini-ministerial meeting, scheduled for September 3-4, would re-engage a large number of key players after a gap of nearly nine months and inject a fresh momentum to the limping multilateral trade talks, the federation said. The Doha talks began in 2001 but were stalled last year after countries disagreed on proposed tariff and subsidy cuts.

UPA Government’s 100 days

NEW DELHI, Aug 30: The first 100 days of the second innings of the Congress-led United Progressive Alliance (UPA) Government have been disappointing for the common man and its performance has been below par, say political parties. “The performance has been pathetic. The government has failed to deliver both on the economic front and the issues of country’s security,” GVL Narasimha Rao, member of Bharatiya Janata Party (BJP) national executive, told IANS.

Rao said the government had not been able to handle the drought situation and price rise and the “worst hit has been the common man,” on whose welfare talk the Congress came to power.
The views are echoed by the Communist Party of India (CPI) MP Gurudas Dasgupta. According to Dasgupta, the performance of the UPA Government has been “unsatisfactory and not up to the expectation of common man”. Manmohan Singh Government took oath on May 22 for the second consecutive time following a sweeping victory in the April-May Lok Sabha polls.
The government’s emphasis has been on infrastructure development, schemes for the poor like the National Rural Employment Guarantee Programme, stimulus packages to pull the economy out of the global slowdown and deal with the drought situation and spiraling prices of essential commodities.