US had made similar complaint against India in February Two months after it was taken to the World Trade Organization by the US government on the renewable energy (RE) sector, the Indian government has done likewise. It has made a complaint to WTO’s dispute settlement body, alleging the US, both at the federal and state levels, is offering subsidy programmes in the sector for local content requirements, making the entry of Indian companies difficult and breaching global trading rules.
Resolution soon retaliation against EU airlines, air pacts possible, say officials The Union Cabinet is likely to soon pass a resolution endorsing the fact that Indian airliners would not share their specific carbon emission data with European Union (EU) authorities. This will be the first time since the imbroglio began over the buzz that government was going to officially communicate to the EU that it would not adhere to the latter’s changed emission trading system (ETS) laws.
Airlines whose carbon emissions are more than prescribed cap have to reduce emissions or pay for it The European Union (EU) has decided it would not ban foreign airlines that have refused to share their carbon emission data from entering EU airspace. However, it said stringent financial penalties would be imposed if these failed to comply with the laws by January 2013. Refusal to share carbon emission data is a violation of the EU’s emissions trading system (ETS) laws.
Requirements on minimum size, contiguity and vacant stretches to be eased MAT and DDT to stay The ministry of commerce and industry would soon announce relaxed land-related norms for Special Economic Zones (SEZs) to arrest the slackening pace of growth in these tax-free zones by making certain changes in the SEZ policy. In a major amendment to the policy, enacted in 2006, for the first time the government will change the minimum land requirement across all sectors.
After a lot of wrangling within various ministries, it seems the country’s first ever National Manufacturing Policy (NMP) is finally going to see the light of the day. At a meeting tomorrow, the Cabinet