India, Russia, the US, China and several other countries would meet in Moscow later this month to decide on whether to take retaliatory measures against the EU on its 'unilateral' decision to impose carbon tax on air travel.
Our government shows a benign mask to the world behind which its fangs are bared against its own citizens, observes Aakar Patel.
'Keeping the global temperature below not just 1.5 degree Celsius, even 2 degree Celsius is beyond our reach now. Both are impossible.'
John Clancy, spokesperson for the European Commission's trade directorate, told Business Standard this week's talks would focus on 'tariffs and services'.
The EU should eliminate tariffs on 95 per cent of the goods under the Free Trade Agreement instead of the 90 per cent being targeted by the India-EU High Level Trade Group, the industry body said.
Citing the latest statistics from Eurostat, the ministrysaid trade between China and the European Union totalled Euro35.6 billion ($49.4 billion) in July, allowing the countryto overtake the US.
"We expect to host the India-EU summit under the UK presidency in New Delhi and welcome the British Prime Minister to our country later this year," External Affairs Minister Natwar Singh said.
The European Union has recently introduced a condition on exporters to give a certificate with dispatches that they contain traditional Basmati rice to avail a rebate of 250 Euro per tonne, Lok Sabha was informed on Friday.
'A change we have seen after the Russia-Ukraine war is the energy crisis in Europe.' 'Earlier, in Europe, people used to change their clothes after 5 washes, now they are using it till 15-20 washes.' 'They used to change their entire wardrobe after 2 months or so, but because of the economic conditions, it has changed.' 'It has affected exports as 40% of our exports is to Europe, 30% to the US and 10% to the UK.' 'The war has to end for better days to come.'
The European Union, which will soon kick-off an energy dialogue with India, has said it is not opposed to a $4.16 billion pipeline project to pump gas from Iran to India through Pakistan.
European Union presents India with a huge opportunity to tap the services sector there including the information and communication technology, but Indians need to overcome the language barrier, said a senior official on Thursday.
Deadline to submit convincing reform plans is this week.
The team originally comprised 27 parliamentarians, mostly from extreme right or right wing parties, but four did not travel to Kashmir and have reportedly returned to their respective countries, officials said.
Bangladeshis say it is easier in Portugal to get Residency papers, which give them access to all EU countries, reports Sunanda K Datta-Ray.
Within a week of a British court striking down the interim cap on professionals from India and other non-EU countries, the Home Office made necessary changes to the measure and announced that the cap until April 2011 was 'legal and up and running'.
European Union leaders are expected to clear the way for releasing 31.5 billion euro ($41 billion) in urgently-needed financial assistance for debt-stricken Greece at their two-day summit which opens in Brussels today.
India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier. But the purchases appear to have plateaued as growth has slowed. Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel at refineries, for a sixth straight month by supplying more than one-third of all oil India imported, according to energy cargo tracker Vortexa.
India on Thursday raised the contentious issue of higher GSP concessions to Pakistan with the visiting EU Trade Commissioner Pascal Lamy.\n\n\n\n
The US hails the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents.
But the EU would like New Delhi to first fulfil certain 'necessary preconditions.'
India will soon meet Iraq and the United Arab Emirates (UAE) to seek a definitive rate of discount on crude oil similar to what Russia has provided so far, sources said. Multiple officials and industry executives said Iraq, which is India's biggest oil supplier, wants to discuss the level of discounts expected by Indian refiners. India's focus on snapping up ever-increasing volumes of Russian crude oil has led to a corresponding decline in imports from the Middle East. Flows from Iraq, Saudi Arabia, and the UAE have suffered as a result.
India will need to travel back in time and seek inspiration from football greats Tulsidas Balaram and Chuni Goswami to deftly dribble around and sidestep the West-imposed price cap on exports of Russian seaborne crude oil. India depends on imported oil to meet 86 per cent of its needs, of which nearly a quarter now comes from Russia. The copious flows are roughly 10 per cent cheaper than competing suppliers helping India save billions of dollars in fuel costs.
In 2007, India slashed the additional customs duty it charged on imported (which were up to 150 per cent of value of imports depending on the spirits), but simultaneously hiked the basic customs duties to 150 per cent from 100 per cent.
The long-pending issue of seizure of Indian generic drugs by European Union countries has been resolved, with the EU accepting India's position and agreeing to amend the rules to plug the loopholes that led to the seizure of shipments.
Labour MP Jo Cox was holding a meeting with constituents, in her local constituency when an altercation reportedly led to the attack.
A new rule by the European Union on duty-free purchases has raised strong protests from India's duty-free retail owners.
India is negotiating for a comprehensive economic partnership agreement with Malaysia and Japan and a broad based trade and investment agreement with the EU.
Last week's panic in financial markets finally forced European policy-makers into taking decisive action.
Grabbing the opportunity, companies are lining up with investment in Uttar Pradesh, Punjab and Haryana for processing plants to milk the export market. Global giants such as Group Danone and Fonterra are firmly in India.
Tough intellectual property rights sought by the EU in its free trade agreement with India have set off global protests
European governments have stepped up diplomatic efforts to de-escalate the crisis in Ukraine, encouraged by Russian President Vladimir Putin's assurance that his country has no intention to annexe the Crimean peninsula or to wage a war against its neighbour.
On March 15, France imposed financial sanctions on Azhar.
After the first quarter was washed out, exporters are now keeping their fingers crossed over a turnaround in outbound shipments to at least North America from September onwards. This comes even as other key destinations such as Europe may take longer to revive in FY24. Slowdown in key economies, as well as geopolitical tensions resulted in sluggish demand for Indian goods.
Describing the India-EU relations as "exceptionally good," Nicholson said the EU would not get involved in Kashmir unless both parties invited it.
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