CARBON TAXES

Finance Minister Nirmala Sitharaman is likely to present Union Budget 2024 this month. Salaried taxpayers are eagerly waiting for some much-needed tax benefits from the upcoming Budget. According to Deloitte, salaried people want Finance Minister to...

PCBL Ltd. key Products/Revenue Segments include Carbon Black, Power, Export Incentives and Scrap for the year ending 31-Mar-2023.

Fifty countries have implemented carbon pricing systems, covering 24% of global carbon emissions, with the US lagging behind in adopting such measures.

Society of Indian Automobile Manufacturers (Siam) has requested a reduction in GST rates on two-wheelers in India. They proposed different slabs for different types of two-wheelers to lower the rates. Siam also wants the removal of the 3% cess on hi...

China announced plans to implement a new carbon footprint management system by 2027 to measure the carbon content of key products, aiming to meet climate goals and global carbon standards.

India, the US, and a dozen other nations are poised to sign a Clean Economy Agreement under the Indo-Pacific Economic Framework, aimed at meeting climate objectives through collaborative financing. The agreement, to be signed at a Singapore meet, fo...

India is considering challenging the European Union's Carbon Border Adjustment Mechanism (CBAM) at the World Trade Organization, which mandates non-EU steel producers to report emissions, impacting sectors like iron and steel, cement, and more.

"We don't expect demand in UK to shrink beyond what it is. We will be at least $150 per tonne cheaper in the cost of production. This changes our cost position, and we will not start losing money in the UK every time steel prices drop," Narendran sa...

Environmental Defense Fund (EDF) wants India to become the first major economy to industrialise without carbonising, says Hisham Mundol, Chief Advisor, Environmental Defense Fund, India.

Many companies had already revamped their supply chains as they navigated COVID-19 disruptions, extreme weather risks, trade protectionism that forced them to change suppliers, and rising freight costs.

"Multilateral development banks have a long way to go to improve the processes and procedures to be able to address the daunting challenge of seeking to meet financing needs of an orderly transition to be able to address the challenges of climate fi...

The central government should come up with an incentive scheme on the recommendation of the Finance Commission for states to mobilise resources at the local level, Niti Aayog vice chairman Suman Bery said on Friday. Addressing the captains of the In...

NK Singh, chairman of the 15th Finance Commission, highlighted the prejudice and bias affecting India's credit rating, calling for a reassessment by credit rating agencies. During a session on climate financing at the Confederation of Indian Industr...

In the wake of the Ukraine war, the West tried every trick in the diplomatic playbook to get India to loosen ties with Russia. After that strategy failed, it is using trade to force New Delhi’s hand

The Ministry of Steel was considering an export tax on iron ore after India's small and secondary steel producers earlier this year petitioned the government to curb rising exports.

T​​he levy, applied to a myriad of fossil fuels used by both industry and consumers, is scheduled to rise from Can$64 to Can$80 (US$48 to US$59) per metric tonne of carbon on April 1, in a bid to see Canadians slash their total carbon emissions by 4...

Coal is among India's top five commodity imports by value. Despite surging domestic production, mainly of low-quality coal with high ash content, it has failed to cut back on imports and ranks as the world's second largest importer.

The EU’s Carbon Border Adjustment Mechanism works like a tariff, ensuring that the carbon price of imports is equivalent to the carbon price of domestic products.

Chief Economic Advisor V Anantha Nageswaran has expressed concerns about the imposition of tariffs on high-carbon goods by advanced economies, arguing that developing countries should not be penalised for contributing to the economic activities of t...