Environment. This tax burden could represent 0.05% of India's GDP.
"If the CBAM comes into force in its current form and shape, it will result in higher costs," the first person quoted earlier said.
According to the European Commission, EU is India's largest trading partner with goods volume worth €124 billion in 2023, accounting for 12.2% of India's total trade. The bloc is also the country's second-largest export destination with a share of 17.5%, after US's 17.6%.
As a developing economy, India is prioritizing its case to ensure that CBAM does not disproportionately impact manufacturing growth and trade prospects.
Denne historien er fra January 04, 2025-utgaven av Mint Bangalore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 04, 2025-utgaven av Mint Bangalore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Garth Hudson wove a musical spell on listeners
Hudson was the last surviving member of the influential rock group The Band
From red lights to green: DPI for businesses will spur job creation
Employer Aadhaar and Digilocker will apply Digital Public Infrastructure to compliance and help create high-wage jobs
An ode to the Maximum City of hopes and heartbreak
Murzban F. Shroff's new collection of Mumbai stories chronicles the decline of the city, while celebrating its resilience
Timely succession plans are the need of the hour
Succession planning is no less important for key government positions than for corporate leadership. However, as RBI's case shows, its value is yet to be adequately acknowledged
Basic technology R&D: Let's wake up before it's too late
India's future in AI and in other fast-emerging technologies depends on our will to invest in the unknown
Budget Wishlist: Insurance Sector Seeks Affordability, Awareness Boost
Reducing GST on policies will help lower the barriers to entry and improve accessibility
NCLT Delhi dismisses Akshay's plea against Cue Learn
The Delhi bench of the National Company Law Tribunal's (NCLT) dismissed actor Akshay Kumar's plea to initiate insolvency proceedings against Cue Learn Pvt. Ltd.
NMC seeks to tighten rules for hiring medical college faculty
India's apex medical education regulatory has proposed new eligibility qualifications for teachers to improve standards as it seeks to weed out ghost faculty and incompetent teachers.
Oberoi Realty gets reality check
Shares of Oberoi Realty Ltd are on shaky ground, plummeting 13% in the past two trading sessions.
UN chief Guterres calls on Iran to renounce nuclear weapons
Iran must make a first step towards improving relations with countries in the region and the United States by making it clear it does not aim to develop nuclear weapons, United Nations (UN) secretary-general Antonio Guterres said on Wednesday.
