India asks US to cut subsidy by $1 to kick off WTO negotiations
India has asked the US to cut farm subsidies by just one dollar and New Delhi will come on board for a deal on the Doha Round of trade talks which has dragged for seven years. "My offer to the US is that they should reduce their subsidy by just one dollar and we have a deal," commerce and industry minister Kamal Nath said on Monday at a conference on globalization, organised by Ficci and University of Oxford." But the US has not been forthcoming," Nath said.