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  • Need of the hour is to reduce logistics cost: Piyush Goyal Mar 03, 2021 04:13 PM IST

    Need of the hour is to reduce logistics cost: Piyush Goyal

    Piyush Goyal also said the investments in the Sagarmala project will boost the country's maritime infrastructure, expand freight corridors, make freight more cost-effective and bring down the current logistics cost, which is estimated to be about 13-14 percent.

  • Eight core industries' output up 0.1% in January Feb 26, 2021 05:38 PM IST

    Eight core industries' output up 0.1% in January

    The core sectors had expanded by 2.2 percent in January 2020, according to the provisional data released by the Commerce and Industry Ministry on Friday.

  • National Education Policy to make India knowledge capital of world: Piyush Goyal Feb 26, 2021 04:16 PM IST

    National Education Policy to make India knowledge capital of world: Piyush Goyal

    Piyush Goyal added that the Indian education system has to attain that level wherein students from even the developed nations would come for higher studies, even in institutes other than IITs and IIMs.

  • Govt collects Rs 1,492 crore equalisation levy between April 2020 - January 2021 Feb 12, 2021 03:43 PM IST

    Govt collects Rs 1,492 crore equalisation levy between April 2020 - January 2021

    In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Hardeep Singh Puri said the equalisation levy collection stood at Rs 338.6 crore in 2016-17, Rs 589.4 crore in 2017-18 and Rs 938.9 crore in 2018-19.

  • India exported COVID-19 vaccines worth about Rs 338 crore so far: Piyush Goyal Feb 12, 2021 01:48 PM IST

    India exported COVID-19 vaccines worth about Rs 338 crore so far: Piyush Goyal

    The exports include grant of the vaccine doses to friendly countries and commercial shipments.

  • DPIIT to organise global summit on startups on January 15-16 Dec 23, 2020 03:22 PM IST

    DPIIT to organise global summit on startups on January 15-16

    Startups from Asian countries, domestic players and global entrepreneurs would participate in the virtual summit, the official in the Department for Promotion of Industry and Internal Trade (DPIIT) said.

  • FDI into India continuously growing: Piyush Goyal Dec 15, 2020 02:42 PM IST

    FDI into India continuously growing: Piyush Goyal

    For certain sectors such as telecom, media, pharmaceuticals and insurance, government approval is required for foreign investors. There are nine sectors where FDI is prohibited and that are lottery business, gambling and betting, chit funds, Nidhi company, real estate business, and manufacturing of cigars, cheroots, cigarillos and cigarettes using tobacco.

  • Govt may unveil steps to give further leg-up to ethanol production Nov 27, 2020 02:01 PM IST

    Govt may unveil steps to give further leg-up to ethanol production

    According to sources who attended the meeting said that the minister was "very keen" to boost ethanol production at a faster pace in the country.

  • India's exports dip 5.4% in October, trade deficit narrows to $8.78 billion Nov 03, 2020 06:20 PM IST

    India's exports dip 5.4% in October, trade deficit narrows to $8.78 billion

    During April-October 2020, exports declined 19.05 percent to $150.07 billion, while imports fell 36.28 percent over the same period last year to $182.29 billion.

  • Eight core industries' output contracts 0.8% in September Oct 29, 2020 05:51 PM IST

    Eight core industries' output contracts 0.8% in September

    The decline in output during the month under review was lowest since March.

  • FDI up 16% to $27.1 billion in April-August: Govt data Oct 20, 2020 09:58 PM IST

    FDI up 16% to $27.1 billion in April-August: Govt data

    The ministry said that the total FDI, which includes reinvested earnings, grew by 13 percent to $35.73 billion.

  • Govt opening up economy for greater private sector participation: Piyush Goyal Sep 30, 2020 07:51 PM IST

    Govt opening up economy for greater private sector participation: Piyush Goyal

    Piyush Goyal said the government has opened up defence manufacturing for the domestic industry in a much bigger way and coal mining for commercial engagement.

  • Eight core industries output contracts 8.5% in August Sep 30, 2020 05:46 PM IST

    Eight core industries output contracts 8.5% in August

    The steep contraction is mainly due to decline in the production of steel, refinery products and cement. Apart from coal and fertiliser, all other sectors recorded negative growth in August 2020.

  • India, Denmark ink pact to increase cooperation on IPRs Sep 26, 2020 04:56 PM IST

    India, Denmark ink pact to increase cooperation on IPRs

    The two sides will draw up a biennial work plan to implement the MoU which will include detailed planning for carrying out cooperation activities, including scope of action, the Commerce and Industry Ministry said in a statement.

  • Plan afoot to set up single-window system for industry approvals, says Piyush Goyal Jul 27, 2020 09:32 PM IST

    Plan afoot to set up single-window system for industry approvals, says Piyush Goyal

    Six states have already given their consent to create a land bank, and potential investors would be able to locate and identify land from their distant offices for industries, without frequently visiting the offices of land owning agencies.

  • WPI inflation falls 1.81% in June, but food prices rise Jul 14, 2020 01:15 PM IST

    WPI inflation falls 1.81% in June, but food prices rise

    Inflation in food articles during June stood at 2.04 percent, as against 1.13 percent in May. In fuel and power basket, deflation stood at 13.60 percent in June, against 19.83 percent in the previous month.

  • Government's e-commerce portal directs sellers to specify product's country of origin Jun 23, 2020 07:17 PM IST

    Government's e-commerce portal directs sellers to specify product's country of origin

    A Make in India filter has also been enabled on the portal. With this, buyers can choose to buy only those products that meet the minimum 50 percent local content criteria

  • Exports improving, down by 36% in May: Commerce and Industry Minister Piyush Goyal Jun 11, 2020 08:38 PM IST

    Exports improving, down by 36% in May: Commerce and Industry Minister Piyush Goyal

    The minister added that the country's non-oil exports, excluding POL (petroleum oil and lubricant) exports, were down only 30 percent. He said these figures provide confidence that the country is poised for a turnaround.

  • CAIT flags traders' inability to pay full salary for April, seeks Piyush Goyal's intervention May 07, 2020 03:00 PM IST

    CAIT flags traders' inability to pay full salary for April, seeks Piyush Goyal's intervention

    "If such payments are made, the business of the traders will fall like anything and in absence of any inflow of money, such payments will be disastrous for the retail trade of the country and in turn will badly affect the economy," CAIT Secretary General Praveen Khandelwal said in the letter to Goyal.

  • Incentives can be given to exporters, but they have to be justified, WTO compliant: Piyush Goyal Apr 29, 2020 08:00 PM IST

    Incentives can be given to exporters, but they have to be justified, WTO compliant: Piyush Goyal

    In the post-COVID era, he said, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in the world trade.

  • DPIIT proposes Startup India Vision 2024; proposes tax sops for new ventures Apr 25, 2019 05:35 PM IST

    DPIIT proposes Startup India Vision 2024; proposes tax sops for new ventures

    The vision document aims at facilitating setting up of 50,000 new start-ups in the country by 2024, and creating 20 lakh direct and indirect employment opportunities.

  • Working group suggests measures to achieve $5 tn economy by 2025 Jan 16, 2019 09:34 PM IST

    Working group suggests measures to achieve $5 tn economy by 2025

    According to its report, agriculture and manufacturing sectors can contribute USD 1 trillion each, while the contribution from the services sector has been pegged at USD 3 trillion.

  • DIPP organises start-up India venture capital summit in Goa Dec 06, 2018 11:47 AM IST

    DIPP organises start-up India venture capital summit in Goa

    "The event will showcase the Indian startup opportunity for funds from around the world. The summit aims to attract more global capital into the country," it said.

  • Leather, footwear cos to get funding for brand promotion in global markets May 20, 2018 10:22 AM IST

    Leather, footwear cos to get funding for brand promotion in global markets

    "The sector needs to be promoted as it holds huge potential. We have big brands in the leather and footwear sector. The government will provide financial support to carry out brand promotion activities in the international markets," the ministry official said.

  • Commerce Ministry discusses regulatory issues of startups Mar 23, 2018 07:50 PM IST

    Commerce Ministry discusses regulatory issues of startups

    Commerce and Industry and Civil Aviation Minister Suresh Prabhu chaired the roundtable meeting here.

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