Indian CEOs have taken up with their Australian counterparts the issue of imposition of carbon tax on mining activities in Australia and has expressed the hope that a solution would be found to resolve the issue.
However, the Australian side has also expressed concern over the new mining law proposed in India that entails profit sharing by mining companies to the tune of 26 per cent to tribal development fund. These issues came up for discussion during the first meeting of the India-Australia CEOs Forum held in New Delhi.
In addition to this, both sides expressed the hope that the negotiations for the free trade agreement (FTA) would be completed soon to put in place a mechanism for enhanced economic engagement between the two countries.
India CEOs, led by Forum co-chair Naveen Jindal, expressed concern over the plans of the Australian Government to impose a 30 per cent tax on big mining companies.
It will come into effect in July, and will apply to mining giants such as Rio Tinto and BHP Billiton.
Keywords: India-Australia trade, India-Australia FTA, free trade agreement, carbon tax, Australia mining
FTA between australia and India is one of the best things that could have
happened. Why. Australia has the resources India needs for futher development
and India can supply items that Australia cant manufacture. What are these.
Australia has coal iron ore gold uranium food grain which India needs. for eg India
is currently importing 1000 tonnes of gold it only produces a fraction of that gold
as it is expensive. India has only brown coal which is expensive to use for
electricity production. Australia has got advanced solar tech too. India has
textiles, steel items, IT software and services which Australia needs. Scare
mongers are those who are happy have middle class lives for them but dont
want poor to have better lives as then they cant control them. If Australia
brinbgs mining and solar tech poor could get jobs and make money which middle
class dont want. only people who are paranoid oppose this. So get over it
people, you are living in a global world.
FTAs are bad as India will LOSE her Sovereignty.He businesses will be
destroyed.But MM Singh member,Club Of Rome, a Globalist, seems to want
exactly that,and is on a signing spree as if there is no tomorrow !!If
he continues with this anti-India policies holding the nation in
contempt,then there will be NO India but ONLY the One World
Totalitarian Government,for ushering which he seems to have been
PLANTED by the outside forces inimical to india.
Please google for:-
M M Singh the economic hitman
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