Page 42 - Piyush Goyal

Congress not letting Parliament function, misleading people: Piyush Goyal

He stated, "Congress' intentions are of insulting the OBC community, their mentality is against the OBC community. Rahul Gandhi has no right to consider himself above the law of the land

Piyush Goyal, Lithuania Ambassador flag off G-20 Yuva Slum Daud in Delhi

Union Minister Piyush Goyal along with Lithuania Ambassador to India Diana Mickeviciene on Sunday flagged off 'Gandhi Darshan, G-20 Yuva Slum Daud' at Amardev Public School in the national capital.

India aspires to take technical textiles market to $40 bn in 4-5 yrs: Goyal

Union Minister Piyush Goyal on Friday said India aspires to take its technical textiles market to USD 40 billion in the next 4-5 years from USD 22 billion at present. In a virtual address at a conference on geo textiles, the Textiles Minister also expressed hope to build a domestic technical textiles market of up to USD 300 billion by 2047. Currently, India is the fifth largest producer of technical textiles in the world with a market size of nearly USD 22 billion. To achieve these objectives, Goyal underlined the need to focus on improving productivity at manufacturing and supply-chain levels. Technical textiles are functional fabrics that have applications across various industries including automobiles, civil engineering and construction, agriculture, healthcare, industrial safety, personal protection etc. "We will have to introduce economies of scale and also have to work on research and development to innovate and come up with attractive products which are in the future going

DPIIT to set up task force for formulating logistics cost framework

A task force will be set up for formulating a framework to determine logistics costs in the country, the commerce and industry ministry has said. It was decided in a workshop organised by Department for Promotion of Industry and Internal Trade (DPIIT) on the subject, on Monday. The task force members would include representatives from NITI Aayog, Ministry of Statistics and Programme Implementation (MOSPI), National Council of Applied Economic Research (NCAER), academic experts and other stakeholders. It "will be established for formulating a logistics cost framework in a time-bound fashion," it said. The workshop on logistics cost framework was organised in partnership with Asian Development Bank (ADB). Speaking at the workshop, Commerce and Industry Minister Piyush Goyal suggested taking note of India's geography, terrain, size and complexities, trade volume and value etc while calculating the logistics cost. He said e-commerce, smarter free trade agreements, adopting internatio

'2 million new jobs to be created under PM MITRA', says Piyush Goyal

Of the 13 states that competed, seven - Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra - were selected

Need to provide quality products to consumers at affordable prices: Goyal

Food and Consumer Affairs Minister Piyush Goyal on Wednesday stressed the need to provide quality products and services to consumers at affordable prices. Addressing an event to mark World Consumer Rights Day 2023, the minister said that the "consumer is at the centre and core of all our activities". "The very purpose of our activities should be a satisfied customer...We have gathered here to celebrate consumers' rights. We want to give confidence to consumers and want to win their trust," he added. Goyal emphasised that it is the duty of the government, consumer courts and industries to protect the consumers' interests. Customer service, customer awareness and customer redressal should be the focus, he noted. Goyal added that there is also a need to guide customers on the path of a sustainable future, as the entire world talks about green growth. The minister said the Prime Minister keeps consumers at the centre of all the government's programmes. The government has focused a l

Congress' Shaktisinh files breach of privilege notice against Piyush Goyal

Congress leader Shaktisinh Gohil on Tuesday filed a breach of privilege notice against Piyush Goyal, Leader of the House in Rajya Sabha, for allegedly violating the rules and established procedures by making allegations against a Lok Sabha member. In his notice to the Rajya Sabha chairman under Rule 188, Gohil said Goyal violated Rule 238, which clearly states that "no allegation of a defamatory or incriminatory nature shall be made by a member against any other member or a member of the House". As the Upper House resumed for the afternoon session after being adjourned earlier, Goyal said he had raised a serious matter in the morning regarding a senior Congress leader going abroad and stating that "democracy is in danger" in India and even sought the US and Europe to interfere in the country's affairs. In his notice, Gohil said on March 13, Goyal raised the matter regarding some observations made by the "member of the other House". The Congress leader argued that it is a time-honou

India's exports to cross $750 billion this fiscal, says Piyush Goyal

The country's goods and services exports are marching ahead to cross USD 750 billion in the current financial year and talks for expanding rupee trade with certain countries are at an advanced stage, Commerce and Industry Minister Piyush Goyal said on Monday. Goyal said that last year the exports reached an all time high of USD 676 billion. We are inching close and marching ahead to cross USD 750 billion of goods and services exports in 2022-23We are expanding rupee trade with several countries, many of which are at an advanced stage of dialogue and finalisation., he said here at the CII partnership summit. Earlier, exports used to hover at around USD 500 billion every year, he added. India's merchandise exports during April-January this fiscal have increased to USD 369.25 billion as against USD 340.28 billion in the same period last year. Services exports during the 10-months period are estimated at USD 272 billion. Further the minister made 10 recommendations to promote global

Angry govt lashes out at Rahul Gandhi's London panning of Indian democracy

Opposition's plans to raise Hindenburg issue, demand for JPC get no hearing as both houses are adjourned early

Rahul should apologize over remarks on Indian democracy: Piyush Goyal

Goyal further stated that Rahul Gandhi should apologise to the speaker of the House over his comments where he had stated that opposition voices are being stifled in the Indian parliament

Terms of engagement

India-US economic partnership needs more energy

Latest LIVE: K. Kavitha joins ED probe in Delhi Excise Policy scam case

Catch all the latest updates from across the globe here

Piyush Goyal to chair meeting of National Startup Advisory Council today

Union Minister of Commerce and Industry Piyush Goyal will chair the sixth meeting of the National Startup Advisory Council (NSAC) in New Delhi today

Goyal to chair meeting of national startup advisory council on Saturday

Goyal to chair meeting of national startup advisory council on Saturday

India-US goods & services trade doubled since 2014, surpasses $191 bn

Raimondo attended the meeting before leaving for the US on Friday. She had arrived in India on March 7 at the invitation of the Indian government

India, US ink MoU on semiconductor supply chain, innovation partnership

India and the US on Friday signed a memorandum of understanding (MoU) on semiconductor supply chain and innovation partnership during the Commercial Dialogue 2023 here, the commerce ministry said. On the invitation of Commerce and Industry Minister Piyush Goyal, the US Secretary of Commerce Gina Raimondo visited Delhi between March 7 and 10. During this visit, the India-US Commercial Dialogue was re-launched on March 10 to discuss cooperation for unlocking new trade and investment opportunities between the two countries, it said. "During the Dialogue, a MoU on establishing semiconductor supply chain and innovation partnership under the framework of India-US Commercial Dialogue was signed between India and US," it said. The MoU seeks to establish a collaborative mechanism between the two governments on semiconductor supply chain resiliency and diversification in view of the US's CHIPS and Science Act and India's Semiconductor Mission. It aims to leverage complementary strengths of

Rising significance of Indo-US trade ties

Since 2013-14, Indo-US bilateral merchandise trade doubled to $131 billion in 2022

ONDC to support small retailers against large tech-based e-com firms: Goyal

The Open Network for Digital Commerce (ONDC), a unified payments interface-type protocol, will help small retailers survive the onslaught of large tech-based e-commerce companies, Commerce and Industry Minister Piyush Goyal said on Monday. ONDC is an initiative of the ministry to help small retailers expand their business and reduce the dominance of e-commerce giants. It aims to build an open, interoperable network on which buyers and sellers can transact without needing to be present on the same platform. It offers small retailers an opportunity to provide their services, and goods to buyers across the country through an e-commerce system, where buyers will be able to purchase the products, which are sold on any platform. "ONDC will help our small retail survive the onslaught of large tech-based e-commerce companies," Goyal said here at an event on the retail sector. He said that the effort is to encourage small companies, and startups to integrate into the e-commerce ...

Goods and services exports may cross $750 bn-mark this fiscal: Piyush Goyal

India's goods and services exports are expected to cross USD 750 billion this fiscal despite the global economic uncertainties, Commerce and Industry Minister Piyush Goyal said on Saturday. In 2021-22, the country's goods and services exports touched an all-time high of USD 422 billion and USD 254 billion respectively, taking the total shipments to USD 676 billion. Last year we crossed a record USD 650 billion of goods and services (exports). This year, we are aiming for an even bigger recordWe have crossed last year's figure alreadyWe will hopefully cross USD 750 billion (this year), he said while speaking at the Raisina Dialogue here. Due to the global demand slowdown, India's exports contracted for the second consecutive month in January, dipping by 6.6 per cent to USD 32.91 billion. During April-January this fiscal, goods shipments rose by 8.5 per cent to USD 369.25 billion, while services exports were estimated at USD 272 billion in the period. The minister said that sectors

PM GatiShakti recommends 66 big-ticket projects worth Rs 5 trillion

PM GatiShakti to help in planning social infrastructure: Piyush Goyal