Page 52 - Piyush Goyal

India's observer status raises questions about its IPEF plans

A former Indian commerce secretary, under condition of anonymity, said India might have consciously decided to participate as an observer since it might not be ready for this agreement right now

Commerce ministry issues norms for engaging consultants

The terms of reference for engagements shall include the functions to be performed and the outputs to be delivered

Delete tweets on Smriti Irani's daughter: Delhi HC to Congress leaders

The leaders have deleted the tweets but have said they will respond to the summons and fight the case in court

India on path to become $30 trillion economy in next 30 years: Piyush Goyal

India is on the path to become a USD 30 trillion economy in the next 30 years on the back strong GDP growth, said Commerce Minister Piyush Goyal on Monday. India is currently USD 3-3.5 trillion economy and soon will achieve USD 5 trillion, he said while addressing an event organised Ficci Ladies Organisation. "As we move to a USD 5 trillion economy...we are well poised on track to aspire to be a USD 30 trillion economy in the next 30 years. It doesn't need any rocket science. All it needs is understanding that the power of our demographic dividend, the youth power and the power of democracy, which India proudly represents," he said. He further said that at a Compounded Annual Growth Rate of 8 per cent, the goal of USD 30 trillion economy would be achieved sooner or later. The minister said that women would play an important role in the growth of India and there is always space for them on the high table. On Draupadi Murmu taking over as President of India on Monday, he said, she h

Goyal calls for private sector's contribution in boosting cotton production

Union Commerce and Industry Minister Piyush Goyal on Sunday called for the contribution of the private sector in promoting research in productivity and branding of the product

PLI will spur white goods sector to compete globally, help it scale: Goyal

Minister says 61 companies had set up component plants in 14 states and UTs. They are expected to invest about Rs 6,632 crore and create 46,368 direct job opportunities

Wheat stocks likely to be 80% higher than buffer norm by next April: Govt

The govt suspended wheat export on May 13, moving all varieties of wheat, including high-protein durum, from 'free' to the 'prohibited' category

Time is ripe for India to explore trade deal with AfCFTA: Commerce Secy

AfCFTA brings together the 55 countries of the African Union and eight regional economic communities to create a single market for the continent

CII-Exim Bank conclave: Goyal calls for deepening trade ties with Africa

The trade between India and African countries has been balanced with exports of trade and services of about $40 billion and imports of $49 billion, Goyal said

Need advanced tech, innovative agronomy to enhance cotton production: Goyal

Union minister Piyush Goyal emphasised the need to introduce "advanced technologies and innovative agronomy" to enhance the productivity of cotton. Addressing an interactive meeting with the Textile Advisory Group in Mumbai on Thursday, the textile minister said supply of good quality seeds is the vital necessity for improving productivity of cotton. He also called for focus on ways to enhance productivity of cotton with specific outcome-oriented actions from all stakeholders including the government, research institutes and the industry. For delivery-based contract and open position limits on commodity exchange MCX, Goyal directed his ministry, textile commissioner, CCI and TAG to engage with MCX/SEBI and find structured solutions on contract front. Any possibilities of manipulations on price front to the disadvantage of cotton textile value chain have to be contained, the minister said. Goyal, on the suggestions of the industry, directed the textile commissioner that the penal .

Laxmikant Bajpai appointed as BJP's new chief whip in Rajya Sabha

Meanwhile, the BJP has again appointed Piyush Goyal as its leader in the Upper House.

KKR India advisor, TCS CEO among 29 members inducted in Board of Trade

The Board, chaired by commerce and industry minister Piyush Goyal, advises the government on policy measures to improve the country's foreign trade

BJP retains Piyush Goyal as its leader in Rajya Sabha for the third time

The BJP has retained Union minister Piyush Goyal as its leader in the Rajya Sabha, paving the way for him to continue as the Leader of the House following his election to Parliament for a third term. Goyal (58) was the Leader of the House in the Rajya Sabha prior to his third term as well, so it will be a mere formality necessitated by his fresh term. Sources said the ruling Bharatiya Janata Party (BJP) has communicated its decision to the Rajya Sabha Secretariat. The saffron party will also have to pick its deputy leader in the Upper House of Parliament as the term of former Union minister Mukhtar Abbas Naqvi, who held the position, ended recently.

UPI-type protocol ONDC to be gradually expanded to more cities: Goyal

The presence of open network for digital commerce, a Unified Payments Interface-type protocol, will be gradually expanded to more cities after the successful launch of its pilot phase

No indication about effect of UK PM exit on FTA talks: Piyush Goyal

In January, both countries formally launched talks for a free trade agreement to boost bilateral trade and investments

Exports likely to record reasonable level of growth in 2022-23: Goyal

The country's exports are likely to register a "reasonable level" of growth in the current financial year despite the global uncertainties on the trade front, Minister Piyush Goyal has said

Sitharaman, Goyal among 27 newly-elected Rajya Sabha members to take oath

The 27 members are from 10 states and took oath in nine languages - 12 in Hindi, four in English, two each in Sanskrit, Kannada, Marathi and Odia and one each in Punjabi, Tamil and Telugu

States must push farmers to up sowing to boost exports: Piyush Goyal

Goyal told state governments that there is no shortage of funds with the Centre for settling old food subsidy claims but the delay was because states are not filing their claims with proper documents

The long-term hurdles to India's export growth

No country has succeeded in becoming a merchandise export powerhouse unless its quality standards are uniformly high

Commerce ministry looking to release new FTP before September: Official

Under the scheme, the aim is to initially focus on 50 districts which have products that are scalable and hold huge export potential