India has achieved its highest-ever annual Foreign Direct Investment (FDI) inflow of USD 94.53 billion in FY 2025-26, with cumulative FDI reaching USD 843 billion since 2014-15, announced Commerce and Industry Minister Piyush Goyal. Production Linked Incentive (PLI) schemes have also significantly boosted investment, production, exports, and job creation.
'This country today is demonstrating to the world the true meaning of federalism, the true meaning of working in partnership between the central government and the state governments.'
Minister of state for power Piyush Goyal will gift wooden-framed 'appreciation letters' to one million govt employees.
Bollywood celebrities like Prasoon Joshi, Bhushan Kumar, Ritesh Sidhwani, Anu Malik, Abhishek Kapoor, Kunal Kohli, Vipul Shah, Urvashi Rautela, Kailash Kher, Ranvir Shorey, and Anil Sharma were among the Bollywood personalities who attended a special meeting with Union minister Piyush Goyal and Bharatiya Janata Party vice-president Bijayant Panda on Sunday as part of central government's Citizenship Amendment Act outreach programme. The dinner was organised at a five-star hotel in Mumbai and was an invitation-only affair.
Union Minister Piyush Goyal on Sunday said the government is ready to resume talks with the farmers protesting the new farm laws but asserted that despite repeated proposals, the protesters have not come up with any 'concrete suggestion' so far.
Finance Minister Nirmala Sitharaman stated that negotiations for the India-US trade agreement have reached a 'plateau', indicating limited scope for further concessions from either side, while also highlighting the US's aim to reduce its trade deficit with India.
Coal India would open 60 new mines soon, the minister said.
Commerce and Industry Minister Piyush Goyal on Wednesday questioned Amazon's announcement of $1 billion investment in India, saying the US retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. He said that their huge losses in India "smells of predatory pricing", which is not good for the country as it impacts crores of small retailers.
Bihar's demand for electricity was assessed at 2,994 MW
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
Political leaders and dignitaries, including Prime Minister Narendra Modi, Home Minister Amit Shah, and US Ambassador to India Sergio Gor, joined devotees across the country in celebrating Ganesh Chaturthi with traditional fervour, offering prayers and seeking blessings.
'Do not get into the calculations that you see on television...Oh if you are looking at $5 trillion economy, the country will have to grow at 12 per cent, today it is growing at 6-7 per cent'
'I don't think we should ever negotiate with deadlines or hard stops because we tend to make mistakes then.'
The Bharatiya Janata Party on Wednesday named 72 more candidates for the Lok Sabha elections, including Union ministers Nitin Gadkari, Piyush Goyal and Anurag Singh Thakur, and former chief ministers Manohar Lal Khattar, Trivendra Singh Rawat and Basavaraj Bommai.
Chinese President Xi Jinping notably skipped a gala dinner hosted by Prime Minister Narendra Modi for BRICS leaders and other dignitaries, with sources suggesting he returned to his hotel to rest. Meanwhile, a grand cultural performance, 'BRICS Symphony - One Rhythm, Many Cultures', featuring artistes from member countries, was a highlight of the evening.
Both India and the EU are likely to announce a conclusion of trade talks on January 27.
Marco Rubio will visit Mumbai and Jamnagar to discuss energy cooperation as S Jaishankar says India-US trade talks are nearing a landing point, with a few issues unresolved.
The Narendra Modi-led government has appointed Union Coal, Power and Renewable Energy Minister Piyush Goyal as the minister-in-waiting for United States President Barack Obama's three-day visit to India starting January 25.
Foreign direct investments into the country is on the rise, jumping to $12.1 billion in May this year, Commerce and Industry Minister Piyush Goyal said on Monday. He also said the government is working on a mission mode to achieve exports target of $400 billion in 2021-22. "India has received the highest ever FDI inflow in 2020-21. "It surged by 10 per cent to $81.72 billion and FDI during May 2021 is $12.1 billion, i.e. 203 per cent higher than May 2020," he said while addressing a meeting of different industry associations on promoting exports.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
India's exports saw a significant increase of 26.12 per cent to USD 43.81 billion in August, leading to a narrowed trade deficit of USD 26.86 billion, driven by strong demand from key global markets and diverse sectors.
The Bharatiya Janata Party (BJP) has announced a significant overhaul of its national team under party president Nitin Nabin, introducing numerous new faces and promoting prominent leaders like former Union minister Smriti Irani to general secretary and former RSS functionary Ram Madhav to vice president. The revamp aims to balance youth and experience while preparing for upcoming assembly and general elections.
Goyal is expected to discuss the targets for the banks for 2019-20, as well as priority sector lending, recovery on non-performing assets, and the bankruptcy proceedings of various companies, which owe money to the banks.
'Engaged in very fruitful discussions to expand our trade and economic partnership.'
Pointing at regulation of environment sector as a case in point, Goyal said the sector suffered due to "over regulation as regulators are not able to justify many decisions"
He added that the PM has asked to extend all help to eastern states to make them self-reliant in the power sector
Prime Minister Narendra Modi has made history by becoming India's longest continuously serving elected prime minister.
Finance Minister Nirmala Sitharaman stated that India is likely to sustain economic growth of 7 per cent or more in 2026-27, continuing the pace recorded since the Covid-19 pandemic, despite geopolitical uncertainties and supply-chain disruptions.
Amit Malviya paid the price because he committed the cardinal mistake of himself 'becoming' the BJP's IT Cell and its social media. Malviya's removal contains a message to others -- never try to become bigger than the job that has been assigned, explains Nilanjan Mukhopadhyay.
Congress leader Rahul Gandhi has launched a scathing attack, calling Prime Minister Narendra Modi, Home Minister Amit Shah, and Chief Election Commissioner Gyanesh Kumar 'deshdrohis' (traitors) for allegedly 'destroying' India's voting system and 'stealing elections'.
'The situation globally is quite challenging, but we have the confidence and courage of conviction that we will come out winners even in this challenging time.'
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
Jay Shah received the Outstanding Contribution to Sports Award from Piyush Goyal at the Indian Business Leader Awards in Mumbai.
India's proposal to link BRICS payment systems, including central-bank digital currencies (CBDCs), was notably absent from the grouping's New Delhi Declaration, despite being a key agenda item for India's chairmanship. This omission leaves the 16-year effort for trade in local currencies without a settled payment architecture, with the declaration only 'acknowledging' the work of the BRICS Payment Task Force.
Commerce and Industry Minister Piyush Goyal announced that an interim trade agreement between India and the US is likely to be signed in March and operationalised in April, with chief negotiators meeting in Washington to finalize the details.
Bharatiya Janata Party President Nitin Nabin has made his first significant mark on the BJP's national apparatus with a major organisational reshuffle, bringing back key figures like Smriti Irani and Ram Madhav while removing Nadda-era functionaries, signalling a strategic move ahead of crucial state elections.
The high point of the trip will be Goyal's meeting with US Trade Representative Robert Lighthizer on November 13, which is expected to see the USTR push India towards lower import duties in a broad range of areas.
India is waiting for assurance from the US on comparative advantage over other economies under the deal.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
AIADMK has finalised its seat-sharing arrangement with key NDA alliance members, including the BJP, PMK, and AMMK, for the upcoming elections, as announced by AIADMK chief Edappadi K Palaniswami.
