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.
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.
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.
Coal India would open 60 new mines soon, the minister said.
Both India and the EU are likely to announce a conclusion of trade talks on January 27.
Prime Minister Narendra Modi has made history by becoming India's longest continuously serving elected prime minister.
Bihar's demand for electricity was assessed at 2,994 MW
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.
'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.'
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.
'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'
'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.'
'Engaged in very fruitful discussions to expand our trade and economic partnership.'
India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.
India is waiting for assurance from the US on comparative advantage over other economies under the deal.
Prime Minister Narendra Modi on Thursday discussed with a group of senior ministers the prevailing global security situation and how to maintain supply chain uninterrupted despite conflicts in different zones, including the Strait of Hormuz, the Black Sea, the Red Sea, and the Gulf of Aden.
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.
Jay Shah received the Outstanding Contribution to Sports Award from Piyush Goyal at the Indian Business Leader Awards in Mumbai.
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.
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.
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.
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.
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.
The United States and India are on the verge of finalising a landmark bilateral trade deal, aiming to boost trade to USD 500 billion by 2030, according to US Deputy Assistant Secretary of State Bethany Poulos Morrison. The agreement seeks to open India's 1.4 billion-strong market to American goods on reciprocal terms, with ongoing high-level discussions to recalibrate the pact after recent changes in US tariff policy.
It is plain to see that the US senate bill's real objective is to derail India's time-tested strategic partnership with Russia, points out Ambassador M K Bhadrakumar.
'OMCs are incurring losses of Rs 1,000 crore per day due to the West Asia crisis.'
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
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
India may adopt a "calibrated" and a "step-by-step" approach to easing norms on investments originating from China, Union Commerce and Industry Minister Piyush Goyal said on Tuesday. He was in a conversation with A K Bhattacharya on Day 1 of Business Standard's two-day annual event, Manthan 2026. The minister said foreign direct investment (FDI) from China was certainly not "banned", but it goes through an approval process. "The government's approach at the moment is to accelerate the approval process."
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.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
India has successfully negotiated the protection of its steel export interests under the free trade agreement with the UK, ensuring 85 per cent of its outbound shipments remain outside Britain's steel safeguard measures. This consensus addresses a key sticking point ahead of the comprehensive economic and trade agreement (CETA) coming into force on July 15.
'They talked bad about our leaders. They said India was a dead economy. They were not sensitive to the Indian psyche.'
The BJP is significantly increasing its digital engagement with young people on Instagram, led by Prime Minister Narendra Modi and several Union ministers, in response to the NEET-UG paper leak controversy and subsequent student protests. This strategic shift aims to counter the narrative and communicate government actions on examination reforms.
The Centre is regularly holding consultations with stakeholders to streamline foreign direct investments (FDIs) and foreign institutional investments (FIIs) related processes to enable faster and more efficient investment flows into the country, said Commerce and Industry Minister Piyush Goyal, adding one such meeting with stakeholders was held on Tuesday.
According to CAIT, e-commerce policy should take within its ambit not only foreign players but also domestic ones.
Prime Minister Narendra Modi announced that the India-UK Comprehensive Economic and Trade Agreement (CETA) will come into effect on July 15, 2026, anticipating a significant boost to bilateral trade and investment.
'Unfortunately, today most ministers are busy with either election duty or praising duty. They are not interested in serving duty.' 'Ministers have become relaxed like retired people still holding onto jobs.' 'Look at how the NEET paper leaked. But there is no accountability.' 'After 12 years, they have become saturated. They are short of ideas.'
Amid the ongoing global tariff war, Commerce and Industry Minister Piyush Goyal on Wednesday asked exporters not to panic and assured them that India is working on the "right mix and right balance" in its proposed trade agreement with the US.
