Page 17 - Piyush Goyal

Parliament Session: Unfortunate that Opposition is not letting Parliament function; Piyush Goyal

Union Minister Piyush Goyal on Thursday said it was 'unfortunate' that Opposition parties were not letting Parliament function and are trying to defame India abroad

New guidelines on laptop import policy still under deliberation: Goyal

Union Minister Piyush Goyal on Thursday said the new guidelines on India's laptop import policy are still under deliberation by the Ministry of Electronics and Information Technology. Asked about the import authorisation system for IT hardware products and what kind of guidelines the government is looking at, Goyal said, "I think, this is still under deliberation. It is handled by the Ministry of Electronics and Information Technology. I am not privy to what is in their mind for the future". It is pertinent to mention here that in September this year, the government extended the approval system for the import of certain IT hardware products, including laptops and tablets, for three months till December 31. These imports stood at USD 8.4 billion in 2023-24 against the authorisation of about USD 9.5 billion. Most of these imports were coming from China. "It is clarified that the importers are allowed to apply for import authorisations, which will be valid up to December 31, 2024. ...

Expressed 'deep disappointment' at EU's unilateral green regulations: Goyal

Union Minister Piyush Goyal on Thursday expressed India's "deep disappointment" with the European Union's "unilateral" green economy regulations, stating they are unfair and violate the principle of "common but differentiated responsibilities". Under the proposed EUDR, operators or traders placing specified commodities on the EU market or exporting them must prove their products do not come from recently deforested land or contribute to forest degradation. Carbon Border Adjustment Mechanism (CBAM) are tariffs that will apply on energy-intensive goods imported into the European Union (EU). India has concerns that the CBAM could result in higher tariffs on imports of carbon-intensive goods like cement, aluminium, iron, and steel from India, acting as a unilateral trade barrier. Addressing a press conference here, the commerce and industry minister said he raised the issue with his French counterpart during talks held a day earlier. On Wednesday, Goyal held discussions with Sophie ...

India-France trade balanced but 'suboptimal', it should grow: Piyush Goyal

He called for a greater collaboration with France in the defence sector and also underlined that India's robust patent-protected regime does not insist on technology transfer

Nation marks 75 years of Constitution, leaders extend greetings and tribute

Odisha CM Mohan Charan Majhi paid floral tribute to BR Ambedkar in Bhubaneswar on the occasion of 'Samvidhan Diwas'. CM Majhi along with state ministers is also holding a padayatra in Bhubaneswar

Goyal asks real estate developers to adopt environment-friendly techniques

Amid concerns over high pollution levels in the national capital, Union Minister Piyush Goyal on Monday asked real estate developers to adopt environment-friendly construction techniques and suggested CREDAI to set up a team to study the adverse impact of construction activities on air quality of 20 major cities. Addressing realtors' apex body CREDAI's 25th foundation day, the Union Commerce and Industry Minister also asked developers to build affordable rental housing projects to prevent the proliferation of slums in urban centres. Goyal also suggested CREDAI members to consider venturing into overseas markets to tap opportunities in real estate development and redevelopment. "I had asked CREDAI to consider setting up a team to study whether, at least in the metropolitan cities or the 20 top towns of the country, where we can see the impact of construction leading to pollution, leading to air quality deteriorating." He stressed the need to adopt better construction techniques usin

Proud of the way PM has united 1.4 bn people with Constitution, says Goyal

Goyal said We are very happy to know that the youth is celebrating 75 years of formation of the Constitution

Maharashtra rejected appeasement politics: Piyush Goyal after Mahayuti win

He further highlighted that the victory reflected the people have supported the good work done by leaders like Prime Minister Narendra Modi, Devendra Fadnavis, Eknath Shinde, and Ajit Pawar

India ready for global challenges, set to be third-largest economy: Goyal

The Indian currency has held its position as one of the least volatile among major currencies, and the forex reserves stand at about $675 billion-among the five largest in the world, the minister said

Govt to come out with legal framework to ensure data privacy: Piyush Goyal

India will come out with a legal framework to ensure data privacy that will encourage free data flow among trusted partners, Commerce and Industry Minister Piyush Goyal on Thursday said, as he sought investment in technology and innovation. Speaking at the UK India Business Council's 'UK-India Technology Futures Conference', the minister said India and the UK can collaborate on technology in the fields of AI education, telemedicine, climate modelling, precision agriculture and organic chemical, electronic and food industries. Goyal pointed out that it will be important to understand how in the future the digital world and sustainability issues will intersect. A major portion of energy will be consumed by systems that will churn out data and that will have an impact on sustainability issues, he said, adding that there are very few places in the world where there is an interconnected grid in the way that India has. The minister said that by 2030, India would have a thousand-gigawatt

Goyal urges industry to raise quality standards, appoint representatives

Calls on industry leaders to partner government in easing compliance and decriminalising biz laws

Assembly elections updates: 58.43% voter turnout recorded till 5 pm in Maharashtra, 68% in Jharkhand

Maharashtra, Jharkhand Election Voting: Catch all the updates on the Assembly elections here

UPPSC exam, PM Modi receives Dominica’s highest honour & more

The Uttar Pradesh Public Service Commission has agreed to conduct the PCS preliminary exam in a single day following protests by aspirants in Prayagraj.

Piyush Goyal wants RBI to cut rates, questions food inflation-driven policy

RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October

Collective effort required to achieve $2 trn exports target by 2030: Goyal

Commerce and Industry Minister Piyush Goyal on Monday said collective effort is required to achieve the "big" exports target of USD 2 trillion by 2030. Addressing the annual convocation of IIFT (Indian Institute of Foreign Trade) through video conference, he expressed confidence in achieving the target. "Let us partner to achieve the export target of USD 2 trillion by 2030, given that we will cross USD 800 billion this (fiscal) year. We will have to really put in a lot of effort collectively to achieve USD 2 trillion. It will not happen by chance, it will happen by choice and I am confident that we can achieve this big target," Goyal said. In 2023-24, India's exports of goods and services stood at USD 778 billion. He urged the students and faculty of the institute to contribute to studying the non-tariff barriers being faced by Indian products in other countries so that the officers can flag those. The ministry also announced that soon the IIFT will have its new campus in ...

India will become $35 trillion economy in next 25 years: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Friday said India's growth story will take the country's USD 3.5 trillion economy now to USD 35 trillion in the next 25 years. Addressing the inaugural session of Amazing Goa Global Business Summit 2024, Goyal said that the 21st century belongs to India and it was on track to become the third largest world economy in three years. Chief Minister Pramod Sawant, former Union minister Suresh Prabhu and others were present during the inaugural function of the summit, an initiative of the Vibrant Goa Foundation. "Prime Minister Narendra Modi has rightfully said the 21st century is India's century. He also said that the 21st century has stopped being small. What we do today is the best and the biggest," Goyal said. "We are working with a focused approach to make India a developed and prosperous nation by 2047 when we celebrate 100 years of Independence," he said. He said India's growth story will take the economy from USD 3.5 trillion

Auto Expo 2025 to be held under Bharat Mobility from Jan 17-22 at 3 places

India's flagship motor show Auto Expo will be held under the umbrella of Bharat Mobility, the government's initiative bringing all mobility-related trade shows under one platform, from January 17 next year here. The six-day Bharat Mobility Global Expo 2025 will be held between January 17 and 22 next year at Bharatmandapam; Yashobhoomi (India International Convention and Expo Center) Dwarka, and India Expo Center & Mart, Greater Noida, simultaneously. Bharat Mobility Global Expo is an annual event and it appears that now on Auto Expo is likely to be held every year. Auto Expo is a biennial event. Commerce and Industry Minister Piyush Goyal told reporters that this will be the second largest expo in the world in this segment and the industry should take it to the top position. Munich in Germany hosts the the world's largest auto show. Goyal urged the industry to involve sectors which are not yet represented such as chemicals, testing agencies, regional transport officers and ...

India, Saudi Arabia exploring collaboration in fintech, energy efficiency

India and Saudi Arabia are exploring collaboration in emerging fields like fintech, new technologies, energy efficiency, clean hydrogen, textiles and mining to further boost trade and investment ties, an official statement said on Friday. These areas were discussed during the recent visit of Commerce and Industry Minister Piyush Goyal to Riyadh. He co-chaired the second meeting of the economy and investment committee under the India-Saudi Strategic Partnership Council (SPC) along with Minister of Energy, Saudi Arabia, Abdulaziz bin Salman Al-Saud on October 30 in Riyadh. "Both countries are exploring collaboration in emerging fields like fintech, new technologies, energy efficiency, clean hydrogen, textiles, mining," the commerce and industry ministry said. During the Future Investment Initiative (FII) event, the minister urged global investors to seize emerging opportunities in India, particularly in high-growth sectors such as artificial intelligence, renewable energy, digital ..

Goyal meets Schneider Electric CEO in Riyadh to discuss investment plans

Commerce and Industry Minister Piyush Goyal on Wednesday held a meeting with Peter Herweck, CEO of energy management and automation major Schneider Electric, in Riyadh and discussed the company's investment plans for India. The minister is in Saudi Arabia to discuss ways to further deepen the strategic partnership between the two countries and explore new avenues of trade, investment and economic cooperation. "Held a meeting with Mr Peter Herweck, CEO of @SchneiderElec, a global company specialising in energy management and digital automation with a strong presence in our country. Discussed the company's investment plans for India and how it can leverage the nation's talent pool and government support to provide high-tech, sustainable, and energy-efficient solutions to the world," Goyal said in a post on social media platform X. In March this year, Schneider Electric said that it will invest Rs 3,200 crore by 2026 to make India its manufacturing hub for domestic sales as well as ...

No trade pact if EU insists on opening up dairy biz, says Piyush Goyal

Goyal also said that extraneous issues such as labour and climate change should be discussed on international forums