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‘Will hurt their international trade’: Piyush Goyal warns of blowback over carbon tax; says EU may hurt itself more

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to harm European industries more than its intended targets, including India. “There is a lot of opposition to CBAM in the EU also. EU’s infrastructure will…

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Capex push: Nirmala Sitharaman calls it ‘primary driver of sustained growth’; says ‘we have to have capital expenditure grow’

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development.Speaking at a book…

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FTA momentum: Piyush Goyal confirms Oman deal ‘almost finalised’; talks with EU, US & others also moving fast

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush Goyal confirmed on Saturday. He also noted that negotiations with the European Union, United States, Peru, and Chile are progressing rapidly and making ‘fast progress’….

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Sanctions risk: Indian firm defends explosive shipment to Russia; says material for civilian use only

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with Indian rules and that the shipment was strictly for civilian industrial purposes, not military use.According to news agency Reuters, Ideal Detonators Private Limited confirmed that…

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