India said it may stop European carriers from flying into the country if the European Union bans airlines from the South Asian nation that boycott the EU's new emissions fee system."We will take retaliatory actions to counter steps taken by the EU. If Europe bans our carriers we will ban theirs as well," the senior government official, who did not want to be named, told reporters late Friday.The EU in mid-May gave India and China a month to comply with the airline carbon emissions fee system across the 27-nation bloc, or face penalties for flights into and out of Europe.
NEW DELHI: India and the European Union are taking steps to end a trade row sparked by an EU ban on Indian pharmaceutical products that New Delhi responded to by cancelling talks on a free trade accord with its largest trading partner, officials said. Indian Prime Minister Narendra Modi's office wrote to the EU Trade Commissioner to intervene when the ban on around 700 pharmaceutical products was formalised in May, two government sources in New Delhi said.
Israel has opened up an alternative avenue for commercial flights into the country as the Federal Aviation Administration (FAA) extended its ban on US airlines flying into Tel Aviv’s Ben Gurion Airport. After a bombing in the Jewish town of Yahud earlier this week, almost one and a half miles from Israel’s main airport, the US aviation authority has now forced US airlines to suspend their operations to Israel until Thursday, citing security issues faced by American citizens.
The global airline industry will urge countries around the globe, including Canada, this week to adopt a mandatory carbon emissions trading scheme for airlines starting in 2020 at a meeting of the International Civil Aviation Organization in Montreal.
NEW DELHI: Cairn India Ltd has invited initial bids for exports of its oil from the desert state of Rajasthan, according to a copy of the tender notice seen, despite a government ban on overseas sales of locally-produced crude. A government official said there had been no change in the ban and that Cairn India might simply be trying to establish a price for its oil via the tender process ahead of negotiations to sell it to local buyers. Cairn India, backed by billionaire Anil Agarwal, did not respond to telephone calls and an email seeking comment about the export notice.
By Vikas Dandekar & Raji Reddy Kesireddy MUMBAI | HYDERABAD: India may contest a decision by the European drug regulator to recommend a ban on as many as 700 generic products tested by GVK Biosciences at its Hyderabad facility, citing it as a restriction on trade. The decision, which was reiterated by the European Medicines Agency last week, will become legally binding if the European Commission accepts it and possibly set back India's pharma exports by at least $1 billion.