Page 67 - European Union

India, EU to team up for drone regulation and air traffic monitoring

Final agreement between two sides will enable exchange of data on flight plans

India, EU sign MoU for cooperation in aviation safety, air traffic control

The Directorate General of Civil Aviation (DGCA) on Thursday signed a memorandum of understanding with the European Union Aviation Safety Agency (EASA) for cooperation in aviation safety. The agreement was signed on the first day of the EU-India Aviation Summit here where the Airport Authority of India also signed a declaration of intent with Eurocontrol, a pan-European, civil-military organisation dedicated to supporting European aviation. While the MoU between DGCA and EASA will focus on collaboration at regulatory level and safety level, the declaration of intent between AAI and Eurocontrol will be focused on the area of air traffic control. Aviation Minister Jyotiraditya Scindia said India and EU share historical relations and invited industry players from EU to become a part of the fastest growing aviation market in the world. "India and the EU have shared strong historical relations which continue to grow today on the back of robust physical, digital and people-to-people ...

BRICS surpass G7 GDP, India, China major economies with fast growth

The inflationary pressures, coupled with relentless rate hikes by central banks around the world, have hit Europe hard

A dispute lost

Electronics tariffs must be temporary at best

European Parliament adopts key laws from 'Fit for 55 in 2030 package'

The European Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the "Fit for 55 in 2030 package"

Top headlines: I-T scanner on Angel investments, Tata-Wistron deal & more

Business Standard brings you top headlines at this hour

EU lawmakers adopt deals on emissions trading, carbon tax by 55%

European Union lawmakers on Tuesday adopted key pieces of a package designed to achieve the EU's climate goals of cutting emissions of the gases that cause global warming by 55 per cent over this decade. European Parliament members approved deals to reform the 27-nation bloc's emissions trading system, introduce a so-called carbon border adjustment mechanism and to create a new hardship fund for vulnerable households and small businesses affected by higher fuel costs arising from the new measures. The reform of the emissions trading system, which covers about 40 per cent of the EU's greenhouse gas emissions, stipulates that European industries and energy companies should cut emissions by 62 per cent by 2030 compared to 2005 levels, compared to a target of 43 per cent under the previous rules. To ensure a level playing field, member nations also agreed in December to introduce a tax on foreign companies that want to import products which don't meet the climate-protection standards wi

India's ICT tariffs led to annual export loss of €600 million, says EU

Claims real impact on European companies that also export from other countries to India considerably higher

Environment groups sue European Union over green label for gas, nuclear

Environmental groups have started legal action against the European Union's executive branch in a bid to block a move to include natural gas and nuclear power generation on a list of sustainable activities. The list proposed by the European Commission drew fierce criticism and accusations of greenwashing. On Tuesday, Greenpeace said that it was filing a lawsuit at the European Court of Justice, the top EU court, after the commission refused to reconsider its move. Greenpeace is asking the European Court of Justice to declare the inclusion of fossil gas and nuclear "as invalid." Separately, ClientEarth, WWF's European Policy Office, Transport & Environment (T&E), and BUND are challenging only the decision to include gas. They say the fossil fuel can't be considered sustainable because of its adverse environmental impact. The green labelling system from the European Commission defines what qualifies as an investment in sustainable energy. Initially, it didn't initially include ..

WTO panel rules against India in IT tariffs dispute with EU, others

The EU is India's third largest trading partner, accounting for 10.8% of total Indian trade in 2021, according to the European Commission

WWDC 2023: Apple may open up iPhones to sideloading apps with iOS 17

Apple's move would be in response to EU law, kicking in from 2024, which requires technology companies to allow the installation of third-party apps and let users change default settings

India to protect interests of farmers, dairy sector in FTA with EU: Goyal

India will completely protect the interests of farmers and dairy sector in the proposed free trade agreement (FTA) with the European Union, commerce and industry minister Piyush Goyal has said. He was here on an official visit to hold discussions with leaders and the private sector on ways to further enhance trade and investment ties between the countries. The minister also went to Paris for the India-France business summit. Goyal said that Italy and France have offered unstinted support for the early conclusion of negotiations for the India-EU trade agreement. During the meetings in Italy and France, he said, India has emphasised about the different economic conditions and per capita income in the two regions. But the kind of business opportunities which India provides for EU businesses are huge and "nobody can provide those in the world", he added. "Keeping all this in mind, we would do the FTA... We will protect the interests of farmers and dairy sector... We have done that wit

India-EU free trade agreement to promote economic ties: Sanjiv Puri

Signing of free trade agreement between India and the European Union would help promote economic ties between the region and New Delhi. Vice President CII and Chairman and Managing Director, ITC Ltd, Sanjiv Puri, emphasised that signing of India-EU free trade agreement could be a catalyst for further enhancing India-Italy relationship, the commerce ministry said in a statement. He was speaking at the CEOs Business Interactive session organised here in association with the Confederation of Indian Industry (CII) and Confindustria on April 13. He was accompanying commerce and industry minister Piyush Goyal here. Goyal had meetings with CEOs of some prominent Italian companies like SOL, SpA, Piaggio, CIBJO, Nayara Energy and Enel Green Power. The minister explained to them the investment climate in India, the policy reforms and the potential of investing and expanding in India. The CEOs informed the minister that they were looking at expanding operations in India for catering to the

EU cannot 'blindly follow' Washington, says European Council president

More and more European Union leaders have echoed Macron's comments that Europe should resist pressure to become "America's followers," Michel told the US-based POLITICO news service on Tuesday

India, Italy for achieving balanced, fair Indo-EU free trade agreement

India and Italy have discussed progress of talks on the proposed free trade agreement between New Delhi and the European Union (EU) and hope for its early conclusion, the commerce ministry said on Thursday. In January last year, India and the EU resumed negotiations for a free trade agreement, investment protection and Geographical Indications (GI). Italy is a member of the EU. The issue came up for discussion in the meeting of Commerce and Industry Minister Piyush Goyal and Italian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation in Foreign Office Antonio Tajani here on April 12. "The ministers underlined the importance of achieving a free, balanced and fair free trade agreement and hoped that it would be concluded soon," it said. They also agreed to the convening of the next session of the Joint Commission on Economic Cooperation (JCEC) in Rome in the last week of September. Tajani suggested the formation of a Joint Working Group in the strateg

Emmanuel Macron's comments on Taiwan raise questions on EU global ties

Comments by French President Emmanuel Macron over Europe's priorities on Taiwan have raised questions over the EU's relationship with both the US and China, on the eve of his planned speech on the bloc's sovereignty in The Netherlands. Macron's remarks were published on Sunday in an interview with French newspaper Les Echos and Politico Europe. The question we need to answer, as Europeans, is the following: is it in our interest to accelerate (a crisis) on Taiwan? No," Macron was quoted as saying in the interview. "The worst thing would be to think that we Europeans must become followers on this topic and take our cue from the US agenda and a Chinese overreaction. The comments were made on Friday, before China launched large-scale combat exercises around Taiwan that simulated sealing off the island in response to the Taiwanese president's trip to the US last week. Macron spoke to reporters on his way back from a three-day state visit to China, where he spoke at length with Preside

Russian oil & Opec effect: Outcome of buying Urals oil above cap are severe

The risks to Indo-Russian oil trade escalate when Urals crude starts trading above the cap imposed by the European Union

Who will India trade with?

Regional consolidation of trade may leave India out in the cold

Finland's Nato moment

A snub for Putin, a risk for Europe

India, European Union speed up work on free trade agreement negotiations

The fifth round of negotiations will be held in New Delhi from June 19-23, 2023