PIYUSH GOYAL ON BUDGET 2023

Goyal noted that technological progress in the drone industry will help farmers in getting higher quality crops and will also help in increasing the yield of crops,

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 trajector...

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 ...

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 ...

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...

Union Minister Piyush Goyal on Monday said the Modi government has provided a corruption free regime in the last 10 years and the country in the next few years will become the world's third largest economy. Addressing a massive gathering of traders ...

The government is considering several measures such as a flexible framework for the sale of products manufactured in SEZs in the domestic market, and streamlining approval processes for units.

Startup Mahakumbh: PM Modi lauded India's youth's entrepreneurial spirit and the flourishing startup ecosystem on the last day of Startup Mahakumbh event, emphasising government support for innovative ideas, funding channels, incubators, IT services...

Goyal also said that the government measures such production-linked incentives schemes and focus on high-quality goods and services would help in containing the country's trade deficit.

Goyal, who is heading the food and consumer affairs ministry, asserted that the Modi government would continue to take measures to ensure that there is no stress on the household budget of "our Nari-Shakti". He highlighted that the government has sp...

.​Thursday's announcements come in the run-up to the Lok Sabha polls, likely to take place in May, this year. On other fronts, the Central government is currently in a tug-of-war with scores of farmers who are protesting to avail legal support for m...

The Union cabinet has approved a 4% increase in Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners starting January 1, 2024. This will increase the total exchequer by 50%, benefiting approximately 49.18 ...

In the current season 2023-24, the government has procured a record amount of more than 6.24 lakh bales of raw jute through the Jute Corporation of India, at the cost of Rs 524.32 crore, benefitting around 1.65 lakh farmers.

The Indian government has extended the Rs 300 per LPG cylinder subsidy to poor women under the Ujjwala Yojana for the next fiscal year, starting April 1. The extension, announced by Union Minister Piyush Goyal, is expected to benefit nearly 10 crore...

Commerce and Industry Minister Piyush Goyal expressed confidence that the Reserve Bank of India (RBI) would reduce interest rates as inflation remains under control. He noted that while the benchmark interest rate has been at 6.5% since February 202...

India sustains export growth despite global challenges arising from conflicts like the Israel-Hamas war. The Budget lays a strong foundation for economic growth. Geopolitical complexities and conflicts reshape globalization. Wars and crises disrupt ...

Sitharaman is likely to follow the footsteps of previous finance ministers by incorporating electoral math into the budget. However, she plans to lower the budget deficit and increase capital spending, limiting the scope for large welfare schemes. I...

Experts expect announcements around millets and MSP hikes in the 2024 interim budget. There is a need to ensure food security, include nutrition in policies, and prepare agriculture for the consequences of climate change. The government should corre...

“We have made a focused effort to reduce the compliance burden with over 40,000 different compliances across the country either being eliminated or certainly simplified,” Goyal said in an interaction with innovators and entrepreneurs.