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GST Council introduces Reverse Charge Mechanism on metal scraps

Typically the seller charges the buyer for GST, but under the newly introduced RCM provision, the buyer will be responsible for paying the tax directly to the government. Read more

Role of procurement in reducing carbon footprint

Adopting the right procurement strategy is critical for businesses seeking to reduce their carbon footprint and embrace sustainability, says Rahul GargRead more

PwC study reveals global impact of carbon taxes on supply chains

The study emphasises that measures like the EU's Carbon Border Adjustment Mechanism (CBAM) will necessitate companies to proactively evaluate their implications across different regions.Read more

India raises concerns over data privacy in compliance with EU’s CBAM

The CBAM, the world's first system imposing carbon emission tariffs on various imported items, is set to be effective from 2026.Read more

India navigates green steel transition amidst European scrutiny

This move is anticipated to impact Indian steel exporters, particularly those reliant on environmentally damaging coking coal for furnace operation.Read more

India's RE sector poised for $250 bn Investment Surge: EY-CII Report

The report, titled ‘Global champions for advancing renewable energy innovation and manufacturing,’ emphasises India's trajectory toward becoming a dominant force in global renewable energy manufacturing.Read more

India's exports to EU threatened by green initiatives: Think Tank report

According to the report by the Centre for Energy, Environment, and Water, this impact could account for 43% of India’s exports to the EU, a significant market for India second only to the United States.Read more

Exporters call for enhanced benefits and expansion of RoDTEP Scheme

The Federation of Indian Export Organisations (FIEO), representing exporters, highlights disparities in refund rates. For instance, while aluminum bars and rods receive a RoDTEP refund rate of 2.2%, their value-added counterparts only get 1.2%.Read more

Ministry of Shipping unveils a dispute resolution mechanism SAROD-Ports

The initiative is targeted towards attracting more private sector investments and should be favourable for the sector if it is able to resolve disputes at low costs and in a time bound manner.Read more

Hempel’s new Hempaguard MaX system with three layer fouling defence mechanism

Hempel’s new three-coat system helps easy application and also reduces docktime of the ship compared to competitors.Read more

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