The EU's new carbon border tax (CBAM) targets Indian steel & aluminium exports from 2026, imposing a 16-22% levy. Experts call it a trade barrier. Why India needs urgent government support for exporters.
Essential weekly current affairs for UPSC 2026 prep. Covers US capture of Venezuela's Maduro, Bulgaria joining Eurozone, EU's CBAM, INSV Kaundinya, Galaxy frogs, and key MCQs. Stay ahead in your Prelims and Mains.
The EU's carbon tax, CBAM, is now live, slashing India's steel exports. To compete, India must fast-track green hydrogen and carbon pricing or lose global markets. Read the strategic path forward.
EU's new carbon border tax (CBAM) effective Jan 1 shifts decarbonisation costs to developing nations like India. CSE analysis warns of 25% price burden on steel, aluminium exports. Read more.
Ace your UPSC Prelims prep with this week's current affairs quiz analysis. Get detailed explanations for MCQs on the Eurozone, Carbon Border Tax, Piprahwa Gems, and more. Strengthen your foundation for competitive exams.
Essential UPSC updates: New tobacco duty rates from Feb 1, Vodafone Idea's AGR relief, Gaganyaan mission delays, and the impact of EU's CBAM on Indian exports. Key insights for Prelims and Mains.
The EU's new Carbon Border Tax (CBAM) could slash Indian exporters' margins by 16-22%. India must address this in FTA talks and boost domestic green production. Read the full analysis.
The EU's CBAM carbon tax is now live, threatening Indian steel & aluminium exports with price cuts up to 22%. Experts warn of high compliance costs & MSME impact.
Congress leader Jairam Ramesh calls for India-EU Free Trade Agreement to counter EU's Carbon Border Adjustment Mechanism, protecting Indian exports. Key negotiations ahead.
Indian steel and aluminium exports to the EU will face a carbon-linked cost from 2026 under CBAM. GTRI report warns of 15-22% price cuts for competitiveness, disproportionately impacting MSMEs. Learn the key compliance challenges.
Indian steel and aluminium exports to the EU face a 15-22% price cut from 2026 due to CBAM. MSMEs risk being pushed out of supply chains without verified emissions data. Read the full analysis.
India plans a ₹2,000-crore tech upgrade scheme for MSMEs to boost exports and efficiency. The 20% subsidy targets energy-efficient machinery to counter global carbon taxes like EU's CBAM.
India's exports are projected to grow 3% to $850 billion in FY26, but face headwinds from protectionism, weak demand, and EU's carbon tax. Read the full analysis.
GTRI report predicts India's exports to reach only $850B by FY26, missing $1T target. Weak global demand, US tariffs, and EU's CBAM pose challenges. Services exports may cross $400B.
Experts at a Chennai seminar declare green manufacturing essential for Tamil Nadu's export edge. State offers subsidies, UK collaboration expands on climate tech. #GreenGrowth #TamilNadu
India revives trade talks with Canada and explores a Preferential Trade Agreement with Mexico to shield $2B exports from steep tariffs. Commerce Secretary details progress with EU, US, and New Zealand.
India intensifies efforts to finalize the trade deal with the EU by next month. Key issues like carbon tax and market access remain as a crucial EU team visits Delhi. Read the latest updates.
India's export industries face severe climate risks threatening 4.5% GDP by 2030. BCG report warns aluminum, steel sectors vulnerable to EU regulations. Learn how climate inaction impacts economy.
India calls EU's Carbon Border Adjustment Mechanism protectionist at COP30, warns it will hurt developing nations' industries and climate finance remains key barrier.
India and developing countries challenge developed nations at COP30 over unmet Paris Agreement finance obligations. Key climate finance provisions at stake in Brazil meeting.
India and EU continue negotiations on CBAM carbon levy as key hurdle in trade agreement. Steel and automobile sectors remain focal points in crucial talks.
Silicon Valley's biggest players are executing massive layoffs as artificial intelligence reshapes workforce needs. Discover how Amazon, Microsoft, Google, Meta, Intel, TCS and IBM are cutting over 80,000 positions in historic tech restructuring.
Amazon plans to eliminate 30,000 corporate roles across various departments. Discover how AI automation is reshaping workforce dynamics at the e-commerce giant.
Groundbreaking research from OpenAI uncovers disturbing mental health patterns among AI users, with millions seeking help for suicidal thoughts through ChatGPT conversations.
The explosive growth of America's AI sector is creating unexpected economic pressures, diverting resources and talent from traditional industries. Discover how this technological boom is reshaping the entire economic landscape.
Bata India reports strong Q2 performance with premium brands leading growth, though GST reduction affects margins. Festive season sales and retail expansion show positive momentum.
India faces a dual health crisis as obesity rates surge alongside undernutrition, creating a massive economic burden that threatens national productivity and healthcare systems.
Major technical outage on MCX platform triggers unprecedented volatility in silver contracts, leaving traders grappling with massive price discrepancies and execution failures during critical trading hours.
Unseasonal late monsoon downpours have devastated standing crops across India, pushing farmers into financial distress and threatening food security. Learn how this climate anomaly is impacting agriculture.
New research shows human mobility has increased fortyfold since 1800s, transforming how we understand human impact on Earth's systems and modern transportation patterns.