Commerce and industry minister Piyush Goyal criticises the European Union’s carbon tax, warning it will raise costs and undermine economic competitiveness. Speaking at the Berlin Global Dialogue, he argues that the policy creates additional regulatory burdens and higher material expenses, which could weigh on Europe’s industry.

Both outlets frame his remarks around the EU’s carbon border adjustment mechanism (CBAM), a tool designed to price carbon emissions linked to imported goods. Business Line emphasises the risk that rising input costs and compliance demands could hurt competitiveness. Mint focuses more directly on the potential effects on living costs inside the EU and the impact on industry. Across the coverage, the core point is that Goyal casts the carbon measure as economically damaging, rather than as a neutral or beneficial cost-of-carbon adjustment.