Page 29 - Piyush Goyal

India-UK FTA: Goyal, Badenoch meet to decide future course of action

The ministers are expected to hold bilateral talks on the sidelines of the World Trade Organization's four-day summit - the 13th Ministerial Conference -- in Abu Dhabi

Startups backbone of new India, it's our time under the sun: Piyush Goyal

Goyal said that the event will be a platform to showcase India's success stories built over the last decade. It would also showcase to the world that "India has today emerged as a global leader"

Piyush Goyal urges textiles industry to work on long road map for sector

Union Minister Piyush Goyal on Monday asked the textiles industry stakeholders to work on a long roadmap for growth of the sector, "which has huge potential". The textile minister said the industry needs to focus on the world market as it would help make the sector competitive. "We are looking at a team working from across sectors to prepare the roadmap for India," he said at textiles industry function here. He said the Indian economy is likely to reach USD 35 million by 2047, "so we have to see what will be the share" of textiles in that.

Centre directs 100% auction of dust tea grades from North India

Mohit Agarwal, Director, Asian Tea Company, said that the move would make the tea industry "robust and transparent"

WTO should not negotiate rules on non-trade issues, says Piyush Goyal

Says such matters should be addressed in intergovernmental organisations

WTO meet: India to seek permanent solution to food security issues

India will strongly oppose a China-led proposal for an investment facilitation pact besides pressing for finding a permanent solution to public stock holding of grains for food security and protection of the interests of fishermen at the WTO ministerial meeting beginning Tuesday. The Indian delegation is led by Commerce and Industry Minister Piyush Goyal. The four-day 13th ministerial conference (MC13) will start on February 26 in Abu Dhabi, the United Arab Emirates (UAE). Trade ministers of 164 member countries of the World Trade Organisation (WTO) are meeting against the backdrop of the uncertain global economic situation due to the Red Sea crisis, the Ukraine-Russia war and the Israel-Hamas conflict. The key issue of India's interests at the meeting relates to finding a permanent solution for its minimum support price (MSP) issue for food security, agricultural reforms, fisheries subsidies, e-commerce moratorium on import duties, dispute settlement, and WTO reforms. *Food securi

India will not rush into signing free trade deals, says Piyush Goyal

The minister was responding to a question on India's trade negotiations with the UK and the European Union (EU) becoming more complicated

Hope nations will come to WTO meet with positive attitude like India: Goyal

India on Friday expressed hope that other countries will come to the WTO meet in Abu Dhabi with a positive attitude and listen to the concerns of developing nations for providing free and fair solutions to their problems. Commerce and Industry Minister Piyush Goyal also said that though the World Trade Organisation (WTO) has played an important role in setting robust rules for global trade, there are significant problems in the organisation. Trade ministers of 164 countries will gather in Abu Dhabi, UAE from February 26 to discuss a range of issues pertaining to areas such as agriculture, fisheries subsidies, and a moratorium on imposing customs duty on e-commerce trade. "I do hope that other countries will also come to the table with a positive attitude as does India...(I do hope that) other countries are also willing to listen to us and other less developed and developing countries' concerns and give free and fair solutions to the problems," Goyal said at the Raisina Dialogue ...

India-EU FTA must be fair, equitable and balanced: Goyal at CII event

The minister further elaborated on the plethora of opportunities in the various sectors across India

Highlights of the day: Farmers say won't march to Delhi for 2 days

Farmers' protest march updates: Catch all the latest updates on the farmers' protest here

Govt negotiates trade, investment agreements with open mind: Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said India negotiates trade and investment agreements with fairness and open mind and takes care of interest of people. He also said countries that are negotiating Free Trade Agreements (FTAs) and investment pacts with India should keep in mind that New Delhi offers huge market to them in terms of demand and business opportunities. "I can assure you that India negotiates with fairness, with an open mind... India also takes care of its wider and larger interest in the long run," he said at the CII India-Europe conclave. FTAs, or Bilateral Investment Treaties (BITs), or agreements on geographical indications, will have to stand the test of fair, equitable, and balance agreements as the level of economic developments varies, he said. "We will have to respect the very different opportunities that are offered by India vis-a-vis the offer on the table from other countries," he said, adding that India is one of the fastest growing .

Highlights of the day: Security up at Delhi borders ahead of farmers' march

Farmers' protest march updates: Catch all the latest updates on the farmers' protest here

Piyush Goyal confident of interest rate cut by RBI in coming months

Commerce and Industry Minister Piyush Goyal on Monday exuded confidence that the Reserve Bank will cut interest rates as inflation is under control. The RBI has been maintaining the benchmark interest rate at an elevated level of 6.5 per cent since February 2023. Goyal said that the economic fundamentals of the country are strong and inflation is under check. He said that the average inflation of 10 years in India is about 5 to 5.5 per cent. It was the best-performing decade and because of that, the interest rate came down "dramatically" and the central bank was strengthened and had the ability to bring down the interest rate. "Of-course in the last year and a half, post Ukraine-crisis, interest rates have again gone up by 250 basis points. But now that inflation is pretty much in control, I suspect we will soon see the reversal of the rate hikes starting in India, whether it happens in the next or the second monetary policy from now. I think it's only a matter of time," Goyal ...

Farmer leaders to inform about decision on govt proposals by Feb 20: Goyal

"The farmers' union will tell us their decision by morning. We will also have discussions with NCCF and NAFED after returning to Delhi," he added

Panel of 3 Union ministers hold talks with farmer leaders in Chandigarh

Meanwhile, there was no report of any clash between farmers and the Haryana security personnel at the two Punjab and Haryana border points - Shambhu and Khanauri - on Thursday

Union ministers to meet farmer leaders today: 5 key things to know

Farmers protest news: This will be the third round of talks between the two sides- the previous two rounds of dialogue on February 8 and 12 remained inconclusive

Farmers protest: Ministers, farm unions hold talks ahead of rally

Delhi Police stepped up security in the national capital, enforcing Section 144, which bans gatherings and processions for a month across Delhi

SEA seeks import curbs on finished products to protect oleochemical sector

Edible oils industry body SEA on Monday demanded import curbs on finished products, including stearic acid and refined glycerine or impose duty with additional tariff on raw materials to safeguard the domestic industry. In a representation made to Food and Commerce Minister Piyush Goyal, Mumbai-based Solvent Extractors Association of India (SEA) said: "Domestic oleochemical industry facing severe threat due to large scale import of finished product viz. stearic acid, refined glycerine, soap noodles and oleic acid at nil duty." SEA has requested the government to take immediate steps to safeguard the interests of the domestic industry by taking some measures. "Imports of finished products like stearic acid, soap noodles, oleic acid and refined glycerine should be placed under restricted items list," it said. Or else, the government should impose import duty on these products with additional duty of 25 per cent on imported raw material like refined palm stearin, it said. That apart,

Buy Bharat Rice at Rs 29/kg : Know about Modi govt's latest scheme

The government introduces 'Bharat rice' at a subsidised price of Rs 29/kg to address the 15% increase in retail rice prices. Watch the video to know the details

Ram temple symbol of peace, unity and harmony: Piyush Goyal in Rajya Sabha

The Ram Janmabhoomi movement unified the entire country, Leader of the House in the Rajya Sabha Piyush Goyal said on Friday as he described January 22 as a "historic" day when Prime Minister Narendra Modi ended the second exile of Lord Ram with the consecration ceremony at the temple in Ayodhya. Replying to a short duration discussion in the House on the construction of historic Shri Ram Temple and Pran Pratishtha of Shri Ramlalla, Goyal said the Ram temple in Ayodhya is a symbol of peace, unity and harmony. He also highlighted Modi's resolve and relentless efforts in building the Ram temple in Ayodhya. The prime minister has fulfilled his guarantee and promise to the nation, Goyal said, adding that the temple is equally a symbol of India's progress (vikas) and heritage (virasat). At the same time, the construction of the temple paves the way for the country's economic growth by boosting tourism on a large scale, he said. "Since the Pran Pratishtha, we saw that in a matter of days