Border adjustment tax to meet green commitments not moral, against developing countries: Sitharaman
Thursday, 7 December 2023
Finance Minister Nirmala Sitharaman criticizes developed countries for imposing a border adjustment tax to fund their green commitments, calling it against the interests of developing nations. She emphasizes the need for an inclusive global thought process and rejects a unilateral decision on the tax. Sitharaman also discusses India's focus on renewable energy, particularly solar, and its efforts to promote rupee trade with other countries. Additionally, she addresses concerns about the strengthening of the US dollar and India's stable rupee value.
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