Explanation:

The issue has been discussed several times at our current affairs sections and editorials. At the upcoming WTO’s Ministerial Conference, India has decided not to agree to severe restrictions on its right to give price subsidies to farmers through the Minimum Support Price (MSP) to procure grains from them for food security purposes. Food security and protection of low-income and resource-poor farmers are top priority items for India at the WTO meet. Currently, an interim mechanism called the ‘Peace Clause’ is in place, as per which WTO members had agreed not to challenge developing nations at the WTO Dispute Settlement Mechanism if they breached the  cap of the product-specific domestic support (which is 10% of the value of production). The ‘Peace Clause’ is available to developing nations, including India, till a permanent solution is found to public stockholding for food security purposes.