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Searched Tag: union commerce and industry minister piyush goyal

Commerce and Industry Minister Piyush Goyal on Sunday lauded the removal of the angel tax, a move he believes will significantly boost investment in startups.

Angel tax removed: Boost for Startups, says Goyal

July 28, 2024, 03:16 PM - 2 min read

Speaking at a post-budget interaction with industry leaders, Goyal emphasized the positive impact of the 2024-25 budget on various sectors. "The Budget 2024-25 has removed the angel tax and through it, we will be able to attract investors into the country," he stated. Goyal also highlighted the reduction in customs duty for gold and silver, slashed from 15 percent to 6 percent. This cut aims to support small artisans and boost the country’s gems and jewellery exports.

He said that the government has taken a series of measures to attract investments and those steps include promoting ease of doing business, reducing compliance burden, opening sectors like space and efface for foreign direct investments.

India preferred investment destination for investors: Goyal

July 20, 2024, 05:42 PM - 2 min read

"I would invite all of you to invest in India. India's growth story will continue unfettered at a scorching pace. India would continue to lead the world economy and will continue to be the most favoured destination for investment, and manufacturing," Goyal said.

Union Minister Piyush Goyal on Thursday dismissed the allegation that the government is targeting opposition leaders and stressed that those who have done wrong will have to pay for their wrongdoings.

“We want the nation corruption free,” says Union Minister Piyush Goyal lashing out at the opposition

March 28, 2024, 03:16 PM - 2 min read

"We have to make a corruption-free India. They (opposition) want to save their corruption, and we have to eradicate that... They will have to pay for whatever wrongs they have committed and the law catches up with you and the law is catching up with people who have done irregularities," Goyal said, at the Times Now Summit 2024 here.

From Punjab to Delhi: 'Kisan Mahapanchayat' tries to paint the Capital Green with protest

March 14, 2024, 05:39 PM - 2 min read

Amidst the ongoing farmers' protest, a significant event unfolded as the Kisan Mahapanchayat, organized by the Samyukt Kisam Morcha (SKM), took center stage at the Ramlila Maidan in Delhi.

India stands firm: no special concessions for Tesla, emphasizes openness to all EV manufacturers

March 10, 2024, 03:30 PM - 2 min read

Tesla has been seeking tariff concessions from India, including offsetting customs duties for cars priced below certain thresholds. Minister Goyal emphasized that the government doesn't formulate policies based on individual company demands. Instead, it aims to create a conducive environment for all-electric vehicle manufacturers.

India signs $100-billion free trade pact with 4-nation bloc EFTA

India and EFTA seal $100B Free Trade Pact; PM Modi emphasizes fair trade commitment

March 10, 2024, 12:57 PM - 2 min read

India sets ambitious goals of securing $100 billion in investments over 15 years from EFTA countries, with a focus on generating 1 million jobs. Union Minister Piyush Goyal echoes PM Modi's sentiments, expressing confidence in the mutually beneficial nature of the agreement and pledging support to exceed set targets for industry and businesses.

Union Minister Piyush Goyal emphasized the government's commitment to preventing spikes in prices of essential food items, such as onions, tomatoes, and pulses, especially during elections.

Piyush Goyal assures swift action to prevent food price spikes during elections

March 9, 2024, 02:10 PM - 2 min read

With the Election Commission expected to announce the poll schedule soon, and Lok Sabha elections likely in April-May, Goyal elaborated on various measures taken by the government in recent years to stabilize prices of food items like onions, tomatoes, and pulses.

Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Piyush Goyal (left). Police use water cannons to disperse farmers protesting at Delhi-UP border during 'Kisan Kranti Padyatra' in New Delhi (right).

Govt extends olive branch, hopeful to end farmers' protest; Goyal confident to call off agitation

March 8, 2024, 07:29 PM - 2 min read

Minister Goyal, along with Agriculture Minister Arjun Munda and Minister of State for Home Affairs Nityanand Rai, have already engaged with farmer representatives in four rounds of talks.

'It will be my privilege': Piyush Goyal on speculations of contesting LS polls

March 8, 2024, 06:02 PM - 2 min read

"Of course, I am very excited, I am looking forward to a decision being made by the party leaders and I do hope that I (will) get an opportunity to contest. It will be my privilege," he stated.

Piyush Goyal announcing the hike in allowance for Central govt employees.

Union cabinet hikes DA for Central govt employees to 50 per cent of basic pay

March 8, 2024, 07:56 AM - 2 min read

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs 12,869 crore per annum. The impact would be Rs 15,014 crore during the year 2024-25 (January 2024 to February 2025).

Cabinet approves Uttar Poorva Transformative Industrialization Scheme, 2024

Union cabinet approves Rs. 10,037 Crore UNNATI Scheme for northeastern industrial development

March 7, 2024, 11:05 PM - 2 min read

The proposed scheme envisages approximately 2180 applications, and it is anticipated that direct employment opportunities of about 83,000 will be generated during the scheme period. A significant number of indirect employment is also expected to be generated.

Piyush Goyal unveiled a digital platform named 'e-Kisan Upaj Nidhi' on Monday.

Minister Piyush Goyal launches digital platform for farmers to obtain loans against produce

March 4, 2024, 05:55 PM - 2 min read

During the launch event, Goyal emphasized the transformative potential of the digital gateway, which will enable farmers to access post-harvest loans from banks using electronic Negotiable Warehouse Receipts (e-NWRs). Currently, there are over 5,500 registered warehouses under the Warehousing Development and Regulatory Authority (WDRA), providing a substantial infrastructure for this initiative.