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FinMin points to EU carbon tax cloud over steel, cement exports
July 07, 2023
|Mint Mumbai
Already facing subdued demand from developed nations, India's exports are likely to be hit by the European Union's 20-35% tariffs on high-carbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday.
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In April, the EU approved the world's first plan to impose a levy on high-carbon goods imports from 2026, aiming to become a net zero emitter of greenhouse gases by 2050, some 20 years earlier than India's target.
هذه القصة من طبعة July 07, 2023 من Mint Mumbai.
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ALL YOU KNEAD
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L’Oréal board in India next week
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