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India contemplates law to fight EU carbon tax

Source: Economic Times

NEW DELHI: The government is mulling a law to banIndian airlines from participating in the European Union’s stringent carbon tax scheme.

India is considering its first retaliatory steps in the wake of 26 key nations’ decision – including Russia and China -during a meeting in Moscow on Wednesday to confront the EU for unilaterally imposing carbon taxes on all flights landing or flying out of the eurozone. [Full story]