The EU’s decision to hike tariffs and tighten the quota comes at a time when India is already seeking relaxations in the carbon tax proposed to be imposed by the bloc on imports of steel, aluminium, cement and fertilisers from January, 2026.
France is currently the top most destination for FDI into Europe even though it ranks third on the list of Indian investments in the continent.
EU also wants clarity on voting rights in the Insurance Bill and binding commitments from India in the FTA on banking licences. Auto and wines is another area, where EU and India have not found any common ground in the FTA talks.
The United States (US) and the European Union (EU) have launched negotiations on a mega free trade agreement (FTA), which in turn could impact the ongoing talks between India and the EU on a similar trade pact.
BMW has announced the launch of its new, enhanced 7-Series. While diesel variants of the 7-Series will be manufactured at its Chennai plant, petrol variants will continue to be imported as completely built-up units (CBUs).
India needs clarity and certainty on its policies and infrastructure to be inviting to foreign investors in the long term says the Global Chairman of KPMG International, Michael Andrew.
CNBC-TV18 caught up with the commerce secretary, Rahul Khullar to get his comments on where our economy is headed.