Key Points
New Delhi: Commerce and industry minister Piyush Goyal on Friday said that India will address the issue of the European Unions plan to impose a carbon tax on certain imported goods and that the country would retaliate if required...
Under the EUs Carbon Border Adjustment Mechanism (CBAM), non-EU steel producers are required to report direct and indirect emissions..
India today doesnt take these things easily, Goyal said.. CBAM will translate into a 20-35% tax on select imports into the EU from January 1, 2026..
From that date, EU importers will have to declare and purchase CBAM certificates to cover the emissions associated with producing imported steel products...
He said one of the largest investment banks CEO said that Indian currency is the safest to invest in and the stability it showed in the last two years when most other emerging markets faced stress...
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