GOYAL
PESO to formulate safety norms to allow petrol pumps within 30-50 mtrs of habitation: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has instructed PESO to develop safety guidelines for petrol pumps to operate near residential areas, offered concessions for women entrepreneurs and MSMEs, and chaired a meeting to boost PESO's efficiency. He emphasised formulating guidelines in collaboration with CPCB and MoPNG, QR codes for cylinders, and potentially extending licence durations. Stakeholder feedback will inform further committee decisions to streamline regulatory processes.
Andhra CM Chandrababu Naidu meets Union ministers Piyush Goyal, Ram Mohan Naidu Kinjarapu
The meeting assumes significance as Naidu has declared rebuilding Amaravati, the capital city of Andhra Pradesh. The project is expected to require central assistance and clearance.
Budget 2024: How Sitharaman can steer the trade ship amidst two wars and Red Sea crisis to achieve $2 tn export goal
In the upcoming budget, key priorities for the export sector include boosting e-commerce exports through streamlined policies and infrastructure enhancements. Additionally, there is a push for Production Linked Incentive (PLI) schemes aimed at revitalising sectors such as toys and leather goods, fostering competitiveness and export growth.
Government forms Cabinet Committees, includes Union Ministers from NDA allies
The central government has formed eight Cabinet Committees, including the Appointments Committee of the Cabinet, Cabinet Committee on Accommodation, Economic Affairs, Parliamentary Affairs, Political Affairs, Security, Investment and Growth, and Skill Employment and Livelihood, with key ministers and special invitees designated to each committee to address various aspects of governance and decision-making.
India issued one lakh patents in 2024, ten years back it was just 6000: Piyush Goyal
India has seen a significant rise in the number of patents granted, reaching around one lakh in 2024, a substantial increase from the 6,000 patents issued annually a decade ago, according to Union Minister of Commerce and Industry Piyush Goyal. The announcement was made during an outreach program with industry leaders and stakeholders in Hyderabad, Telangana.
India is witnessing high foreign remittances & FDI inflow: Goyal
India's thriving investment appeal is evident with high foreign remittances and FII inflows, while regulatory reforms and sector openings attract global interest. Elon Musk's potential investments in the space and EV sectors signal promising developments for India's economic growth and international partnerships.
Increase in exports, improvement in CAD, mnfg to help boost Indian economy: Goyal
India's merchandise exports show growth despite a widened trade deficit, reflecting a positive economic outlook. The Commerce Minister's participation in the gem and jewellery industry program signifies confidence in the country's economic trajectory.
Government sensitive towards farmers' demand: Piyush Goyal
The government of India will make all efforts to waive the penalty on excess tobacco produced by the tobacco farmers, highlighted Union Minister of Commerce and Industry Piyush Goyal during a meeting with Farmers and traders of tobacco in Hyderabad on Saturday.
Confident of $800 billion exports in FY25: Piyush Goyal
Amidst global challenges, India's export sector is anticipated to thrive under Minister Goyal's projections. Efforts to establish specific targets, navigate FTA negotiations, and preserve diamond export interests are crucial in sustaining India's export growth trajectory.
Confident of over $800 billion exports in goods, services this fiscal, says Piyush Goyal
India recorded a current account surplus of USD 5.7 billion or 0.6 per cent of GDP in the March quarter. This is the first time in ten quarters that the crucial metric of the country's external strength has turned into surplus mode. In the year-ago period, the current account deficit stood at USD 1.3 billion or 0.2 per cent of GDP, and the same was USD 8.7 billion or 1 per cent of GDP in the preceding quarter ending December 2023.
Exporters' body urges Piyush Goyal to restore IES benefits for all
Exporters have raised concerns over the short two-month extension of the Interest Equalisation Scheme (IES), exclusively for MSMEs, impacting labor-intensive exports. FIEO president Ashwani Kumar emphasised the scheme's broad benefits for various exporters and urged the Commerce Minister to restore the full scheme to support struggling sectors facing challenges like increased freight rates and rising interest rates. Despite FIEO's request for broader benefits, the DGFT limited the scheme to MSMEs with a capped outlay of Rs 750 crore.
NHAI InviT head Suresh Goyal to quit
Prior to joining NHAI InvIT, Goyal was the Head of Macquarie Infrastructure and Real Assets for South East Asia & India region. Under Goyal, Macquarie Group had won the rights to manage 648km of national highways by bidding Rs 9,682 crore in an auction National Highway Authority of India (NHAI) in 2018.
Piyush Goyal to meet exporters Thursday
India’s goods exports in FY24 were $437.1 billion and imports were $675.4 billion. The ministry has been developing standard operating procedures to negotiate free trade agreements with other countries and could come up for discussion, said another person aware of the meeting. Exporters are also likely to take up the issue of extending the Production-Linked Incentive (PLI) scheme to leather intensive sectors such as leather and footwear.
BJP MP Piyush Goyal condemns Congress for stalling Lok Sabha Speaker consensus
After failing to reach a consensus on the Lok Sabha Speaker post, BJP MP Piyush Goyal criticised Congress for demanding the Deputy Speaker be decided first. Goyal condemned this political move, emphasising the importance of maintaining the House's dignity. Efforts for consensus failed as the INDIA bloc nominated K Suresh against BJP's Om Birla for Speaker.
Jet Airways founder Naresh Goyal moves HC seeking extension of interim medical bail
Jet Airways founder Naresh Goyal, facing charges in a money laundering case, seeks extension of medical bail after his wife's passing. Mumbai High Court to review plea citing poor health. Goyal's legal team to present application before the same judge who granted initial bail. Wife Anita Goyal previously arrested.
Piyush Goyal rejects speculations on change of leadership in Maharashtra BJP
Union Minister and senior BJP leader Piyush Goyal rejected speculations on a change of leadership in the party's Maharashtra unit following the party's dismal performance in the recent Lok Sabha elections.
BJP rules out change in Maharashtra leadership after poor performance in Lok Sabha polls
The meeting was attended by state BJP chief Chandrashekhar Bawankule, senior leaders Sudhir Mungantiwar, Chandrakant Patil, Pankaja Munde and Vinod Tawde, among others. The BJP won nine seats in Maharashtra in the recent Lok Sabha elections, down from its 2019 tally of 23.
Export duty on onions to stay as domestic prices recover
India's central government is unlikely to remove the 40% export duty on onions imposed last month, as domestic onion prices have almost doubled in the last month. The average rate of onions at the benchmark Lasalgaon APMC was Rs 28/kg on Tuesday, up 40% in the last 15 days and double of what it was a month ago. The rising onion prices have slowed down the pace of government onion procurement operations to create a strategic reserve under the Price Stabilisation Fund.
Kunal Kamra vs Zomato: Comedian criticizes CEO Deepinder Goyal’s World Record announcement, says 'You’re such a hack'
Comedian Kunal Kamra criticized Zomato CEO Deepinder Goyal on social media after Goyal announced that Zomato set a Guinness World Record for the largest first aid lesson at a single venue. Kamra questioned the working conditions and average income of Zomato's delivery partners, contrasting these concerns with Goyal's focus on the record. The post received mixed reactions, with some praising the achievement while others called for better treatment and health insurance for delivery partners.
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