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Piyush Goyal

Piyush Goyal is a senior Bharatiya Janata Party (BJP) leader and the Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles in the Narendra Modi-led BJP government at the Centre. A Leader of the Rajya Sabha, he has been representing Maharashtra in the Rajya Sabha since 2010. He earlier served as Minister of Railways between 2017 and 2021. In the previous term of the BJP government, Goyal had also donned the hat of the finance minister twice in 2018 and 2019, standing in for then Finance Minister Arun Jaitley during phases of the latter’s ailment. Goyal presented the Interim Budget for 2019-20, ahead of the Lok Sabha elections. During his 35-year long political career, he held several other portfolios -- Minister of Coal (2014-19), Minister of State (I/C) for Power, New and Renewable Energy (2014-17), and Mines (2016-17). He has been the National Treasurer of the BJP. Goyal was an all-India second rank holder Chartered Accountant (CA) and second rank holder in Law in Mumbai University. Before joining politics, he worked as an investment banker and advised top corporates on management strategy and growth. He also served on the board of India’s largest commercial bank, the State Bank of India and Bank of Baroda as Government nominee. More

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  • India's forex reserves at comfortable position to meet any requirements: Piyush Goyal May 24, 2023 12:54 PM IST

    India's forex reserves at comfortable position to meet any requirements: Piyush Goyal

    India's forex kitty jumped USD 3.553 billion to USD 599.529 billion for the week ended May 12, according to the Reserve Bank of India.

  • We are engaged with EU on carbon tax issue; India's tariffs often misconstrued to be high: Piyush Goyal May 17, 2023 07:03 AM IST

    We are engaged with EU on carbon tax issue; India's tariffs often misconstrued to be high: Piyush Goyal

    Addressing the media on Tuesday after the first India-EU Trade and Technology Council meeting in Brussels, he also said India has to keep its customs duties high on many products at times to compete with certain geographies which are "very non-transparent" and the developed countries face the "unintended consequence of the high tariffs".

  • S Jaishankar, Piyush Goyal, Rajeev Chandrasekhar co-chair first India-EU Trade & Tech Council meet May 16, 2023 07:48 PM IST

    S Jaishankar, Piyush Goyal, Rajeev Chandrasekhar co-chair first India-EU Trade & Tech Council meet

    The TTC was launched by Prime Minister Narendra Modi and the President of the European Commission, Ursula von der Leyen, during her visit to India in April last year.

  • Jaishankar Three-Nation Tour: EAM meets Belgian PM, discusses bilateral cooperation and contemporary strategic concerns May 16, 2023 02:28 PM IST

    Jaishankar Three-Nation Tour: EAM meets Belgian PM, discusses bilateral cooperation and contemporary strategic concerns

    S Jaishankar arrived in Brussels on May 15 evening for the last leg of his three-nation tour covering Bangladesh, Sweden and Belgium.

  • I want to see greater presence of Boeing in India: Piyush Goyal May 04, 2023 01:26 PM IST

    I want to see greater presence of Boeing in India: Piyush Goyal

    In February, in one of the largest aircraft orders by an airline, Air India announced it will buy 470 narrow-body and wide-body planes from Airbus and Boeing, with the total deal value estimated to be worth USD 80 billion (over Rs 6.40 lakh crore).

  • Looking at developing standards for drones, EVs: Piyush Goyal May 04, 2023 09:29 AM IST

    Looking at developing standards for drones, EVs: Piyush Goyal

    Standards for Unmanned Aerial Vehicles (UAV) -- drones for agricultural purposes are developed and now work is on for UAV to be used for general requirements, and testing requirements of sub-systems and cybersecurity.

  • Piyush Goyal says India will achieve target of 20% ethanol-blended petrol by 2025; maize to play important role May 03, 2023 12:12 PM IST

    Piyush Goyal says India will achieve target of 20% ethanol-blended petrol by 2025; maize to play important role

    Addressing a national seminar on maize to ethanol, Goyal said ethanol is a "sunrise sector" and asked the industry to set up factories for manufacturing of this green fuel which can operate on dual feed stock (sugarcane and food grains).

  • India proposes to talk about gender equality, women in trade pact with EFTA group: Piyush Goyal April 26, 2023 10:41 PM IST

    India proposes to talk about gender equality, women in trade pact with EFTA group: Piyush Goyal

    He said that a certain section thinks that India is hesitant to negotiate these new issues in a free trade agreement with its trading partners.

  • We are against predatory pricing by e-retailers, restricting consumer choices: Piyush Goyal April 25, 2023 08:43 PM IST

    We are against predatory pricing by e-retailers, restricting consumer choices: Piyush Goyal

    He also said that often consumers purchasing goods on the e-market place platform to avail benefits of flash sales are diverted to entities preferred or promoted by the online retailer, which is a cheating and against the foreign direct investment rules.

  • ONDC aims at 5-fold rise in India's digital consumption to $340 billion: McKinsey April 26, 2023 07:16 AM IST

    ONDC aims at 5-fold rise in India's digital consumption to $340 billion: McKinsey

    ONDC aims to increase the penetration of e-commerce to 25 percent, from about 4-5 percent currently, in the next two years by reaching 900 million buyers and having 1.2 million sellers likely having a gross merchandise value (GMV) of $48 billion.

  • PhonePe's ONDC app Pincode records 100% growth on a daily basis April 26, 2023 07:02 AM IST

    PhonePe's ONDC app Pincode records 100% growth on a daily basis

    Specific app for ONDC important to create a clear narrative in consumer's mind, says PhonePe executive

  • World is looking at India; grasp this opportunity to grow exports: Goyal urges industries April 23, 2023 10:12 PM IST

    World is looking at India; grasp this opportunity to grow exports: Goyal urges industries

    Entrepreneurial abilities in the country with innovation, new ideas, new ways of marketing and branding products can unleash the true potential of the country, the Commerce and Industry Minister said.

  • Govt to form ESG taskforce, finalise contours of PLI scheme for country's textile sector: Piyush Goyal April 22, 2023 10:48 PM IST

    Govt to form ESG taskforce, finalise contours of PLI scheme for country's textile sector: Piyush Goyal

    Goyal said that reduction in Indian yarn export is a good sign for the country as this will provide more opportunities to Indian startups through value addition within the country.

  • India to protect interests of  farmers, dairy sector in free trade agreement with EU: Piyush Goyal April 14, 2023 11:26 AM IST

    India to protect interests of farmers, dairy sector in free trade agreement with EU: Piyush Goyal

    Piyush Goyal said that Italy and France have offered unstinted support for the early conclusion of negotiations for the India-EU trade agreement.

  • Apple continuously expanding business operations in India: Piyush Goyal April 14, 2023 10:42 AM IST

    Apple continuously expanding business operations in India: Piyush Goyal

    Piyush Goyal said that the electronics industry works like this as first they put a basic set up and then they keep sourcing different components to add into their ecosystem.

  • Rupee trade arrangement to help cut transactions cost: Piyush Goyal April 13, 2023 05:04 PM IST

    Rupee trade arrangement to help cut transactions cost: Piyush Goyal

    Last year, the RBI and finance ministry asked the top management of banks and representatives of trade bodies to push export and import transactions in the rupee.

  • India is not seeking permanent immigration visas from any country in FTAs: Piyush Goyal April 13, 2023 04:28 PM IST

    India is not seeking permanent immigration visas from any country in FTAs: Piyush Goyal

    He said that some people mix up mobility and immigration but they are two separate subjects. Mobility is about expanding trade, business, providing temporary visas for people who visit a country either for work or for studies, he said.

  • Wheat export ban to continue for now: Piyush Goyal April 13, 2023 03:36 PM IST

    Wheat export ban to continue for now: Piyush Goyal

    He said that the procurement of wheat has started and the numbers for the first week of buying are ”very” satisfactory.

  • Piyush Goyal to hold series to meetings with leaders, top CEOs of Italy, France next week to boost trade ties April 09, 2023 06:26 PM IST

    Piyush Goyal to hold series to meetings with leaders, top CEOs of Italy, France next week to boost trade ties

    The minister will be on an official visit to France (Paris) and Italy (Rome) on April 11-13. He will be accompanied by a delegation of top Indian CEOs.

  • Goods exports touched $447 billion in 2022-23; final numbers awaited: Piyush Goyal April 04, 2023 03:25 PM IST

    Goods exports touched $447 billion in 2022-23; final numbers awaited: Piyush Goyal

    The final export and import data for 2022-23 would be released by the mid of April.

  • New foreign trade policy growth oriented, game changer: Industry body March 31, 2023 11:39 PM IST

    New foreign trade policy growth oriented, game changer: Industry body

    Confederation of Indian Textile Industry (CITI) chairman T Rajkumar said India was expected to breach USD 760 billion exports with the new foreign trade policy.

  • Foreign trade policy 2023 to facilitate greater trade, boost manufacturing: FIEO president Sakthivel March 31, 2023 08:16 PM IST

    Foreign trade policy 2023 to facilitate greater trade, boost manufacturing: FIEO president Sakthivel

    The Foreign Trade Policy 2023 was unveiled by Commerce and Industry Minister Piysh Goyal on Friday. It will come into effect from April 1, 2023.

  • Free trade pact talks with UK continuing; trade stands on its own legs: Piyush Goyal March 30, 2023 04:50 PM IST

    Free trade pact talks with UK continuing; trade stands on its own legs: Piyush Goyal

    Talks are ”going on very well” with the UK, Goyal said, adding, ”trade stands on its own legs”.

  • In FTA talks, European Free Trade Association assured opening up services: Piyush Goyal March 30, 2023 03:36 PM IST

    In FTA talks, European Free Trade Association assured opening up services: Piyush Goyal

    Goyal also said talks with the UK over a Free Trade Agreement were going on "very well". Many other countries, he added, were keen on signing trade pacts with India.

  • 'You are a rockstar': Piyush Goyal tells S Jaishankar at News18's Rising India Summit 2023 March 29, 2023 09:33 PM IST

    'You are a rockstar': Piyush Goyal tells S Jaishankar at News18's Rising India Summit 2023

    Piyush Goyal and S Jaishankar were present at News18's Rising India Summit 2023 on Wednesday.