Page 27 - Piyush Goyal

Stock market has risen 4 times during Modi govt's tenure: Piyush Goyal

Stock market has risen four times in the last ten years during the Narendra Modi-led government's tenure with India making rapid progress in a virtuous growth cycle, Union Minister Piyush Goyal said on Thursday. "Stock market during our 10-year tenure has risen four times. The Nifty was at around 5,700 when Modi government came to power. Now perhaps it has crossed 23,000-24,000," Goyal said. "Let me tell you, this is a very merciless market. It only looks at numbers and the future... India is making rapid progress in the virtuous cycle of growth and due to this progress the stock market is moving ahead," he added. Benchmark Sensex on Thursday closed at a record high of 80,049.67 points while Nifty settled at 24,302.15 points. The Minister of Commerce & Industry during his address at an event organised by the PHD Chamber of Commerce & Industry (PHDCCI) said that Prime Minister Narendra Modi's government is ready to promote the drone industry that has seen rapid growth in the ...

Govt committed to create biz friendly environment for industry: Goyal

The Centre is committed to create a business-friendly environment for industry and innovation, Commerce and Industry Minister Piyush Goyal has said. Interacting with industry leaders in Hyderabad on Sunday, the minister said such interactions are key for understanding the challenges faced by the industry and policy-making. "Goyal emphasised the government's commitment towards fostering a robust industrial ecosystem that supports innovation, sustainable growth, and global competitiveness," the commerce ministry said on Monday, quoting the minister. He hailed Telangana for actively promoting investments across various sectors, making it a favourable destination for businesses and investors. The interaction saw a participation of more than 200 stakeholders, including women entrepreneurs, MSMEs, industry associations, export promotion councils and startups, from various sectors.

Tobacco farmers ask govt to include sector under duty refund scheme Rodtep

Tobacco exporters have asked the government to extend the duty refund scheme RoDTEP to the sector to boost outbound shipments. In a meeting with Commerce and Industry Minister Piyush Goyal in Hyderabad on June 29, traders submitted that tobacco exporters are not covered under any scheme that provides export incentives. They "requested to extend support to tobacco exporters by including them under the RoDTEP scheme," the ministry said in a statement. They also requested the government help in curtailing the unauthorized production and use of chewing tobacco in India due to which there is a huge loss to the government exchequer, it added. They also informed that there is an increase in illicit cigarette sales. The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the cen

Good, services exports expected to surpass $800 bn in FY25, says Goyal

'Hope to make progress in India-UK FTA irrespective of elections'

Exporters' body urges Piyush Goyal to restore IES benefits for all

A body of exporters has written to Union Commerce and Industry Minister Piyush Goyal, expressing concerns over the extension of the Interest Equalisation Scheme (IES) for only two months and exclusively for MSMEs. Federation of Indian Export Organisations (FIEO) president Ashwani Kumar highlighted that the scheme has so far benefitted not only MSMEs but also merchant exporters and large manufacturing companies at a lower rate of two per cent for 410 tariff lines, covering labour-intensive products. The current scheme, valid till June, provides pre and post-shipment rupee export credit, offers a two per cent interest equalisation rate for manufacturers and merchant exporters dealing with specified 410 export items, and a higher rate of three per cent for MSME manufacturers exporting under any of these items. Kumar pointed out that the exclusion of these categories from the extended scheme will severely impact labour-intensive exports, which have already been struggling in recent ...

Piyush Goyal meets exporters; reviews trade scenario, non-tariff barriers

Exporters asked the government to firm up a strategy to deal with the issue of non-tariff barriers imposed by trade partners that ultimately hurts India's exports

Gear up for Maha assembly polls to ensure victory: Goyal urges BJP cadres

Senior BJP leader and Union minister Piyush Goyal has said that active participation of party members was crucial to start preparing for the upcoming Maharashtra assembly polls to fix shortcomings in the party system. He also emphasised the importance of encouraging people to come out and vote, given the low response in the recently held Lok Sabha elections. "I am confident that the (party) system will be better ahead of the next state polls. If we start making efforts now, there will be no shortcomings ahead of the Maharashtra assembly elections that will be held in the next 3-4 months," Goyal said during a public function late Wednesday evening. "We need to encourage people again to come out and vote. This time, we need to win all the six assembly seats under the Mumbai North Lok Sabha seat," the Union Commerce Minister said. Of the six assembly constituencies under the Mumbai North Lok Sabha seat, the BJP won four in the 2019 elections, while the Shiv Sena and Congress bagged ..

Need to build on success of PLI schemes, recent FTAs: Piyush Goyal

Goyal was convening a review meeting with senior officers from the commerce and industry department

Piyush Goyal takes charge amid export decline and FDI contraction

Over the last decade, Goyal, 59, handled key and diverse portfolios, including power, renewable energy, coal, mines and railways during the first term of National Democratic Alliance (NDA)

Piyush Goyal returns as Union minister in new avatar as 1st time LS member

Piyush Goyal, who handled key ministries, including Commerce and Industry, in the second Modi government, won his debut Lok Sabha poll from the Mumbai North constituency with an impressive vote margin. Goyal, 59, who has been a Rajya Sabha member since 2010, eloquently articulated the government's position on different occasions during debates on various issues in the Upper House of Parliament. Before the polls, Goyal hit out at the opposition leaders for labelling him an outsider, and said he was born in Mumbai, studied in the H R College and Government Law College, started his Chartered Accountancy practice in Lalbaug and worked as an investment banker on Nepean Sea Road. "There can be nobody more Mumbaikar than me," Goyal, who hails from an illustrious political family, told PTI last month. On Sunday, he again became the Union cabinet minister, this time as a Lok Sabha member. In the recently-concluded Lok Sabha polls, Goyal won against Congress candidate Bhushan Patil from the

Rahul misleading investors out of frustration after defeat: Piyush Goyal

From Rs 67 trillion during UPA govt, India's market cap surged to Rs 415 trillion; domestic, retail investors benefitted most, Goyal said in a press conference

Will work for holistic development of constituency: Goyal on 1st LS win

Union Minister Piyush Goyal, who won his first Lok Sabha elections from North Mumbai constituency, on Tuesday said he would work for the holistic development of the area. BJP candidate Goyal won by over 3.5 lakh votes from North Mumbai, defeating INC's Bhushan Patil. In a message on social media platform X (formerly Twitter), he said that today's mandate given to the NDA is dedicated to the relentless efforts of the hardworking karyakartas or workers. "This victory will take forward the futuristic and inclusive vision of an 'Uttam Mumbai' driven by the aspirations of the youth, nari shakti, poor and marginalised, fisherfolk, traders, business community and blessings of our elderly. "I commit myself to the holistic development of North Mumbai and making it an integral part of our journey towards a 'Viksit Bharat'," he added.

Maharashtra: BJP, Shiv Sena (UBT) leading in 11 seats, Cong ahead in 10

The BJP is leading in 11 seats, Shiv Sena in six and NCP in one seat in Maharashtra, while the Congress is ahead in 10, Shiv Sena (UBT) in 11 as per the latest trends of counting for 48 Lok Sabha seats in the state. The NCP (Sharadchandra Pawar) is leading in eight seats. Independent Vishal Patil, who rebelled against the Congress to contest from Sangli, had established a comfortable lead. Union ministers Nitin Gadkari and Piyush Goyal were leading in the Nagpur and Mumbai North Lok Sabha seats, while their colleague Raosaheb Danve had a slender lead in Jalna. Union ministers Kapil Patil, Bharti Pawar and Narayan Rane were trailing in Bhiwandi, Dindori and Ratnagiri-Sindhudurg seats, respectively. Maharashtra Minister Sudhir Mungantiwar is trailing in Chandrapur. In Baramati, NCP (SP) candidate Supriya Sule, who is in a neck-to-neck fight with NCP's Sunetra Pawar, was leading by 5,770 votes. BJP's Udayanraje Bhosale was trailing in Satara. Shiv Sena is leading in six seats, whi

Lok Sabha polls: Piyush Goyal files nomination from Mumbai North seat

Union minister Piyush Goyal on Tuesday filed his nomination papers from the Mumbai North Lok Sabha seat. Accompanied by Maharashtra Chief Minister Eknath Shinde, Goyal submitted his nomination papers before the returning officer in Bandra. This is the first time that Goyal is contesting the Lok Sabha poll. He is currently the Leader of House in the Rajya Sabha. Talking to reporters here, Goyal claimed the Congress is a "failed" party without any leadership or policy. The Congress has so far not announced any candidate from the Mumbai North seat. CM Shinde said Goyal's victory is assured, as he highlighted the work done by the state government in the last two years and by the Narendra Modi-led dispensation at the Centre in 10 years. The 'Mahayuti' (ruling alliance in Maharashtra comprising the Shiv Sena led by Shinde, BJP and Ajit Pawar-headed NCP) will win all the six Lok Sabha seats in Mumbai, the CM said. Polling in the six parliamentary constituencies in Mumbai will be held

India trustworthy partner for Nepal's development, says Piyush Goyal

Goyal also reiterated that Nepal and India not only share a border but also a deep-rooted friendship and a vision for a prosperous future.

BJP will implement UCC after returning to power, says Piyush Goyal

Union minister and BJP's candidate for Mumbai North Lok Sabha seat, Piyush Goyal, on Monday said his party will implement the Uniform Civil Code (UCC) in the country after being elected for a third term. Speaking to reporters at the Maharashtra BJP headquarters here, Goyal also dismissed criticism of the BJP's manifesto by opposition parties, saying it reflects their defeatist mindset. The UCC means having a common law for all citizens of the country that is not based on religion. Personal laws and laws related to inheritance, adoption and succession are to be covered by the common code. "The BJP is determined to implement the UCC in the country, and we will implement it. The Uttarakhand government has already worked on it," Goyal said. On Sunday, Prime Minister Narendra Modi released the BJP's Lok Sabha poll manifesto, outlining his vision for Viksit Bharat' as he exhorted people to give another mandate to his party to shape India's 'destiny' for the next 1,000 years. Describing

Trade policy in tune with development journey: Union Minister Piyush Goyal at BS Manthan

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles Piyush Goyal

BS Manthan: Trade policy in tune with development journey, says Goyal

Top names in polity, economy, diplomacy, business, startups, agri, luxury & sustainability made BS Manthan a star-studded show

BS Manthan: Can't have one-size-fits-all trade policy, says Piyush Goyal

Speaking about free-trade agreements (FTAs), he said India was in dialogue with the European Union (EU), the United Kingdom (UK), Peru, Chile, and some countries in the Gulf Cooperation Council (GCC)

BS Manthan: From trade & startups to China+1, here's what happened on Day 2

At the Business Standard's annual event Manthan, Union Minister Piyush Goyal and industry leaders spoke on various steps India needs to take to transform into 'Viksit Bharat' by 2047