Union Minister Piyush Goyal said this will be the first Ministerial Conference when India set the agenda. After the WTO meet, he said solutions were discussed and consensus was achieved on several issues including fisheries, food security and COVID-19 preparedness.

Union commerce and industry minister Piyush Goyal on Monday raised various concerns about food security and TRIPS (Trade Related aspects of Intellectual Property Rights) wavier at the WTO Ministerial in Geneva.

The US Federal Reserve recently set markets scrambling as it hiked its key policy rates by 75 basis points. These hikes come as the Joe Biden administration and the Federal Reserve are making a host of policy decisions to tackle a 40-year record high inflation. While these decisions may well control the red-hot rates, many predict that the pendulum would swing too far in the other direction and result in a recession in the US economy. A recent survey of economists, fund managers and investment strategists by CNBC saw 57 percent of the respondents stating that they expected the US to bear a period of recession as a result of the Fed’s rate hikes. August 2023 is the average month when the respondents expect the recession to arrive and over half believe that it would be a moderate recession. Here are some of the biggest names who see the US heading for a recession in the coming months-

WTO's Ministerial meet in Geneva has extended negotiations by another day to reach a consensus on key global trade issues. Many WTO members have objected to India’s stance on food and fishing issues. But the Indian contingent stands firm on its demand to ensure food security and putting an end to fishing subsidies.