KEY TRENDS   • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...

-The Hindu Business Line New Delhi asks EU for more details, calls for legal analysis of deal India, the US and a few other countries have expressed apprehensions over the European Green Deal and the impact of Carbon Border Taxes that could be imposed on imports once the proposed Carbon Border Adjustment Mechanism (CBAM) is implemented. India has called for a legal analysis of the deal, a Geneva-based trade official said. “As many...

India has opposed suggestions that countries that have cap-and-trade schemes to control carbon emissions—mostly developed countries—impose a carbon tax on imports from nations that don’t have such measures in place, made at the ongoing global climate talks in Bonn. “The matter of any unilateral trade measure on imports in the name of climate action raises some concerns regarding the success of our discussions,” Vijay Sharma, secretary, ministry of environment and forests,...