October 16, 2024, 05:45 PM - 3 min read
The European Union is taking significant steps to prepare for a future without Russian gas. European Union Energy Commissioner Kadri Simson recently announced that the EU is ready to cope with the possibility of not receiving Russian gas through Ukraine when the current transit contract expires at the end of this year. This statement comes amidst ongoing efforts to reduce dependency on Russian energy sources due to geopolitical tensions.
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October 11, 2024, 07:25 PM - 3 min read
Addressing industry and representatives of EU on the launch of Federation of European Business in India (FEBI), Commerce and Industry Minister Piyush Goyal said Indian industries are "confronted with unfair rules of deforestation, rules around CBAM (Carbon Border Adjustment Mechanism) and various other measures".
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October 11, 2024, 03:47 PM - 2 min read
Finance Minister Nirmala Sitharaman said that India was on track to become a net zero carbon emitter country by 2070 but now it is facing some external challenges, such as EU carbon tax and deforestation initiatives.
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September 22, 2024, 07:21 PM - 4 min read
During the ninth round, both sides will discuss core trade issues covering goods, services, investment and government procurement along with necessary rules such as rules of origin, SPS (sanitary and phytosanitary), and technical barriers to trade.
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July 31, 2024, 12:10 PM - 2 min read
The EU plans to enforce the CBAM, or carbon tax, starting January 1, 2026. However, beginning this October, companies in seven carbon-intensive sectors, such as steel, cement, fertilizer, aluminum, and hydrocarbon products, must report their carbon emissions data to the EU. GTRI warned that the fully implemented EU-CBAM would impose a 20-35% import tax on Indian firms. Additionally, the domestic industry would be compelled to disclose all plant and production details to the EU.
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May 26, 2024, 03:16 PM - 2 min read
The EU's Digital Markets Act (DMA) imposes a set of guidelines on Google and other tech giants to enhance user choice and foster fair competition. However, these groups fear that the proposed adjustments could adversely affect their revenues.
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May 22, 2024, 02:28 PM - 2 min read
The European Union's AI Act stands out for its comprehensive approach compared to the United States' more lenient voluntary compliance strategy, and China's focus on maintaining social order and state control.
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May 16, 2024, 06:07 PM - 2 min read
While ensuring child safety online is undoubtedly crucial, it begs the question: Shouldn't parents and guardians play a more significant role in monitoring their children's online activities?
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April 17, 2024, 02:11 PM - 2 min read
The US will collaborate with partners on steps to undercut "the Iranian regime's malign and destabilising activity," Yellen said, adding that there may be "more to do" on Tehran's oil market.
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April 5, 2024, 10:08 AM - 2 min read
Following an extensive investigation spearheaded by the EU prosecutor, eight individuals were apprehended, while 14 were placed under house arrest and two were prohibited from practicing their professions.
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April 2, 2024, 06:39 PM - 2 min read
TikTok started to make headlines in 2024 again because in March, the United States passed a bill for the app’s developer to divest from the Chinese company or face a complete ban. In view of this, the EU, too, has become the focal point of discussion in this regard.
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March 26, 2024, 09:40 AM - 2 min read
The European Commission, responsible for enforcing antitrust regulations, announced on Monday that it will be scrutinizing Apple, Alphabet's Google, and Meta Platforms for potential breaches of the Digital Markets Act (DMA). The investigations could potentially lead to substantial fines for the companies, with penalties of up to 10% of their global annual turnover.
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