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...
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Explained: Why India Is Protesting EU's 'carbon border tax' -Nikhil Ghanekar
-IndiaSpend.com While the EU says such a tax is essential to push industries to control greenhouse gas emissions, India claims this targets developing countries unfairly. New Delhi: Last week, Indian environment minister Prakash Javadekar opposed the European Union's (EU) plan to levy an additional 'carbon border tax' on imports from countries such as India that do not have strict norms for controlling industrial greenhouse gas (GHG) emissions. Earlier, on March 10, 2021, the...
More »India expresses concern over EU’s Green Deal, possible carbon taxes -Amiti Sen
-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...
More »Agriculture sector representatives submit Budget wish list to finance minister -Madhvi Sally
-The Economic Times The government must extend benefits of the PM Kisan scheme to landless farmers and farm workers, said Ajay Vir Jakhar, chairman of the Bharat Krishak Samaj. Promote agri- startups particularly in rural regions, expand micro-irrigation, treat solar energy as third crop to augment income of farmers and enact labour reforms to push creation of off-farm jobs, were few of the suggestion which representatives of the agricultural and rural development...
More »India opposes carbon tax on imports by Padmaparna Ghosh
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,...
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