Page 44 - Piyush Goyal

India remains a bright spot among global economies: Piyush Goyal

"We aim to use technology in every sphere to serve the people of India in a big way. Today, we are showcasing our developmental model to the rest of the world," Goyal said

Government to buy 300,000 tonnes of onion in Rabi season: Piyush Goyal

Union Minister Piyush Goyal on Thursday announced that the government agencies will buy 3 lakh tonnes of onion once the winter harvest starts coming in. Goyal, who handles the Consumer Affairs, Food and Public distribution portfolio, said that last year, the overall buying of the rabi harvest stood at 2.5 lakh tonnes. "I have already ordered an increased onion purchase from Rabi harvest from 2.5 lakh tonnes last year to 3 lakh tonnes this year to ensure that farmers get a fair price," Goyal told reporters here. He added that the National Cooperative Consumers Federation and National Agricultural Cooperative Marketing Federation of India (Nafed) have also been instructed to pick up 'late kharif' harvest stocks, but are not finding the produce in the markets now. Growers in Maharashtra have been protesting after a steep fall in onion prices over the last month. Marketplaces, including the largest one in Nashik district's Lasalgaon, have been shut down and onions have also been dumped

FTP talks with UK continuing, trade stands on its own legs: Goyal

Amid a diplomatic row following protests by secessionist groups near the Indian mission in London, Union commerce minister Piyush Goyal on Thursday said talks on a Free Trade Agreement with the UK are continuing. Talks are "going on very well" with the UK, Goyal said, adding, "trade stands on its own legs". The Union minister, however, made it clear that India will take into consideration a respect for her sovereignty and territorial integrity, and will not tolerate any interference in her Indian affairs. India's Ministry of External Affairs summoned the senior-most British diplomat in New Delhi on a Sunday evening recently, over reports of some Khalistani elements pulling down the Indian flag at the Indian high commission in London during a protest. India has also responded by proposing or undertaking several actions, like reducing security at the British mission and constructing a public toilet there. When asked about the impact of the ongoing events on the trade agreement, Goyal

Government to unveil new Foreign Trade Policy 2023-28 on Friday: Ministry

India will unveil its much-awaited new Foreign Trade Policy 2023-28 on Friday, with a view to boost exports amid slowing global trade. Commerce and Industry Minister Piyush Goyal will announce the foreign trade policy, according to the ministry. The current foreign trade policy (2015-20) is in force till March 31, 2022. The term of the previous five year policy had ended in March 2020. However, it has been extended repeatedly in wake of Covid outbreak and resulting lockdowns. The last extension was given in September 2022 till March 31, 2023. Goyal will announce the foreign trade policy which is expected to outline the vision statement for taking India's goods and services exports to USD 2 trillion by 2030. The country is likely to end this fiscal year with total exports of USD 760 billion as against USD 676 billion in 2021-22. India's trade has been hit by supply chain disruptions and slowdown in global trade amidst ongoing Russia-Ukraine war. Sources said the new policy is li

Goods and services exports to cross $760 bn in FY23: Piyush Goyal

Asserts that India's self reliance drive isn't about closing doors but opening them wider, with the aim of letting competitive and comparative advantages determine international trade

Odisha CM Naveen Patnaik asks Centre to lift 2 mn tonne of surplus rice

Odisha will have about 2 mn metric tonnes of surplus rice after meeting all its requirements, CM Naveen Patnaik said in a letter to the central govt asking for the evacuation of surplus rice

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

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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