Page 46 - Piyush Goyal

Supply information on time, don't seek repeated adjournments: Piyush Goyal

Commerce and industry minister Piyush Goyal on Saturday asked applicants of intellectual property rights to suggest their lawyers to submit all the information on time and not create unnecessary hurdles in granting IPRs. Intellectual property rights (IPRs) are exclusive legal rights provided under a law to a creator or inventor of a unique product to protect that invention for a specified period of time. These rights include patents, trademarks and geographical indications (GIs). "Please ask your lawyers not to seek adjournments. We are shortly going to change that rule to make it onerous for those who are asking for adjournments repeatedly or are not submitting the data in time. Somebody not submitting the data in a reasonable time, we can even reject the application and send it back Please supply the information in a timely manner," Goyal said. He was addressing participants of the National IP conference and awards function, organised by the department for promotion of industry an

BIS should emerge as global player in field of standardisation: Goyal

Food and Consumer Affairs Minister Piyush Goyal on Friday said the Bureau of Indian Standards (BIS) should emerge as a global player and a pioneer in the field of standardisation. As standards are the key pillar of growth and are the new patents in the present times, the minister said BIS should become a benchmark for quality control, quality assessment and quality assurance. The BIS is a statutory organisation under the Bureau of Indian Standards Act, 1986. "BIS as the national standard body should act as a facilitator for the industry by formulating Standards that support zero defect, zero effect and should emerge as a global player and pioneer in the field of standardisation," Goyal said in his video address at an event organised to commemorate the World Standard day. The minister also asked the stakeholders to make India a quality conscious nation and make Indian quality a matter of pride for every citizen. Minister of State for Consumer Affairs Ashwini Kumar Choubey appreciat

BIS should help facilitate zero defect, zero effect policy: Piyush Goyal

Hopes bureau will emerge as a global player and pioneer in standardisation, says standards are the new patents and those who control them, control markets, prices, manufacturing and innovations

India pushes for settlement of international trade in rupee with Sudan

In July, the RBI had unveiled a mechanism to settle international transactions in rupee to promote the growth of global trade, with emphasis on exports from India

PM GatiShakti has potential to save Rs 10 trn annually, says Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said that PM GatiShakti National Master Plan has the potential to save over Rs 10 lakh crore annually by improving logistics efficiency

Ministry proposes to decriminalise law on collection of statistics

No imprisonment for offences like obstructing or deceiving officers, but fines will be increased

Piyush Goyal urges BSE to set up interface with startup ecosystem

Commerce Minister Piyush Goyal on Monday urged the Bombay Stock Exchange (BSE) to create an interface with the startup ecosystem

Goyal urges small businesses to look at dual listing by tapping Gift City

Commerce and Industry Minister Piyush Goyal on Monday urged small businesses to consider dual listing to widen their capital raising options. The minister said small companies have the option to list on the main bourses' SME platforms and also on the Gift City in Gandhinagar. Speaking at an event to mark the 400th listing on the BSE's SME platform, he said there is a need to tap into more sources of capital as that can give a fillip to the small business sector. Possibly you can look at the International Financial Services Centre at the Gift City. We also need to see whether we can encourage some of these companies to explore getting listed through the Gift City platform or a dual listing between Mumbai and the Gift City, he said, adding the same option can also be explored by companies looking at overseas listing. Dual listing will help tap into domestic capital and also the international funds which have set shop or are in the process of doing so at the Gift City, he said. It wo

Govt, industry should work to make India a much larger economy: Goyal

Union Minister Piyush Goyal on Friday said the government along with the industry should work on a bigger goal to make India a developed country and aspire to become a much larger economy by 2047. If we all put our best foot forward and aspire for double-digit growth, we can be much bigger, he said addressing FICCI's National Executive Committee Meeting. Speaking on inflation, Goyal said that over the last eight years including the current slightly elevated levels, the CAGR inflation is under 4.5 per cent through our tenure. When the other countries have double-digit inflation, India continues at moderate 7 per cent. There is monitoring of prices by the government on a daily basis. We are looking at, in the next few months, inflation coming back within the RBI's band of 2-6 per cent," he added. The Minister for Commerce and Industry highlighted that India has tremendous potential with a large talent pool both to encourage design manufacturing services and the manufacturing eco-syst

India won't yield on national interest to meet FTA deadlines: Piyush Goyal

Comments come a day after UK home secretary cast doubts over the proposed FTA with India over the issue of migration, and branded Indians as the largest group who overstay their visas

Quality will define India in time to come, says Union Minister Piyush Goyal

Union Minister of Commerce and Industry Piyush Goyal asked the Quality Council of India to strive to bring about a convergence of all the various quality and standards organizations in the country

Goyal asks industry to follow quality standards to help build 'Brand India'

Union minister Piyush Goyal on Thursday asked the industry to ensure their products meet international quality standards and help build a 'Brand India' as the country aims to become a developed nation by 2047. Addressing an event organised by the Quality Council of India (QCI), Commerce and Industry Minister Goyal also called for convergence of various quality certification related organisations whether it is FSSAI, the BIS, the Rail or Defense establishments. "I would urge the ministry as well as QCI to work to bring in convergence...so that the investment environment that we have created can go from strength to strength and can help India achieve our mission of becoming a developed nation by 2047," he said, and added quality will define 'Brand India'. Speaking at another event organised by the Institute of Chartered Accountants of India (ICAI) earlier in the day, the minister stressed that more women should take up the profession of chartered accountancy. He called upon Chartered

Union Minister Piyush Goyal meets business delegation led by Swiss minister

Union Commerce and Industry Minister Piyush Goyal has met a business delegation led by Member of the Swiss Federal Council Guy Parmelin ahead of 75 years of the India-Switzerland Friendship Treaty.According to Piyush Goyal's Office, both sides discussed ways to expand trade and investment, giving further strength to the India-Swiss partnership."Union Commerce Minister Piyush Goyal met a business delegation led by Guy Parmelin, the Swiss Head of Dept of Economic Affairs, ahead of 75 yrs of India-Switzerland Friendship Treaty "Both sides discussed ways to expand trade & investment," the Piyush Goyal's Office tweeted on Tuesday.Since India's independence, Switzerland and India have developed warm and friendly ties based on their commitment to democracy and the rule of law. On August 14, 1948, both the nations signed a Treaty of Friendship in New Delhi, marking a significant defining moment in India-Swiss relations and one of the first of its kind to be signed by an independent ...

Working on law to promote ease of doing biz; may bring bill soon: Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the ministry is working on a law to decriminalise certain provisions to promote ease of doing business. A bill in this regard is expected to be introduced in the forthcoming winter session of Parliament, he added. The minister urged the industry to "quickly" give feedback on reducing compliances and decriminalising unnecessary sections. "We have focused on ease of doing business...We continue to reduce the compliance burden for our businesses...Give us, feedback quickly because, in the winter session, we are proposing to come out with a very holistic amendment to the laws related to businesses to ease the burden, and reduce compliances," Goyal said while addressing PHDCCI's Annual Session 2022. He said that the government has decriminalised many laws. "We are working on many many other laws currently... DPIIT (Department for promotion of Industry and Internal Trade) is spearheading this in consultation with other ministrie

How a lab in IIT Delhi is looking to plug leakages in PDS with digitisation

Academics at the Public Services Lab are hard at work trying to optimise logistics for foodgrain supply chains across Indian states

India to soon emerge as pillar of global economic revival: Piyush Goyal

Union Minister Piyush Goyal on Thursday said India will be the pillar of the global economic revival as it exhibited steady growth and emerged as the fastest-growing country among large economies of the world. Addressing the Bengal Chamber of Commerce and Industry's annual general meeting virtually, he said if all stakeholders of the economy work together with a sense of 'Kartavya bhav' (spirit of duty), the national goal of USD 30-trillion economy will be achieved by 2047, the year when the country will celebrate 100th anniversary of its independence. "India is already the fifth largest economy in the world and is turbocharging its growth to become the third largest in the coming years. The prime minister's vision is to make India a developed nation by 2047 with an economy size of USD 30 trillion as we will celebrate our 100th independence in that year," Goyal, the commerce and industry minister, said. All sectors such as agriculture, manufacturing and construction are doing quite

Invest in India story, MSME sector must be promoted: Goyal to industry

Goyal's comments come after Union Finance Minister, Nirmala Sitharaman, recently asked India Inc what is stopping them from investing

India will be pillar of global economic revival. says Piyush Goyal

Union Minister Piyush Goyal on Thursday said India will be the pillar of the global economic revival as it exhibited steady growth and emerged as the fastest-growing country among large economies of the world. Addressing the Bengal Chamber's annual general meeting virtually, he said if all stakeholders of the economy work together with a sense of 'Kartavya bhav' (spirit of duty), the national goal of USD 30-trillion economy will be achieved by 2047, the year when the country will celebrate 100th anniversary of its independence. "India is already the fifth largest economy in the world and is turbocharging its growth to become the third largest in the coming years. The prime minister's vision is to make India a developed nation by 2047 with an economy size of USD 30 trillion as we will celebrate our 100th independence in that year," Goyal, the commerce and industry minister, said. All sectors such as agriculture, manufacturing and construction are doing quite well, he claimed. "India

Foreign trade policy extended by six months amid global headwinds

An FTP is an elaborate policy guideline and a strategy to promote export of goods and services

Post FTA, non-petroleum exports to UAE up 14% in June-August: Govt

Growth in shipments to Emirates is 5x that to the rest of the world; surge primarily led by gems and jewellery, electrical equipment