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Tag: Piyush

  • International trade in rupee currency soon: Piyush Goyal

    International trade in rupee currency soon: Piyush Goyal

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    Rajkot: Commerce and Industry Minister Piyush Goyal on Saturday expressed hope that traders will soon be able to settle foreign trade in the rupee currency as several banks from different countries are opening special Vostro accounts with Indian banks.

    The Reserve Bank of India (RBI) has approved 60 requests to open Special Rupee Vostro Accounts (SRVAs) of correspondent banks from 18 countries, including the UK, Singapore, and New Zealand.

    The RBI, he said, is in discussion with the central banks of other countries on the matter. “We will soon start seeing operationalisation of this rupee trading in international trade with several countries,” Goyal told reporters here.

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    He also said that negotiations for free trade agreements (FTAs) with developed regions like the European Union, the UK, and Canada are in “advanced” stages.

    Groups including European Free Trade Association Free Trade Agreement (EFTA), Gulf Cooperation Council (GCC) and Eurasian Economic Union (EAEU) are also keen to start talks for similar pacts with India.

    “The whole world wants to have a comprehensive economic partnership agreement with India,” the minister said.

    On the second phase of the production-linked incentive scheme for the textiles sector, he said that extensive stakeholder discussions have happened on the subject. “I am quite confident that very soon we will be able to finalise the contours of the scheme and take it up for approval at the highest level,” he added.

    Goyal said that Indian textile exporters were earlier facing customs duty disadvantages in developed markets vis-a-vis countries like Bangladesh, but as the government is inking trade pacts with regions like the UAE and Australia, domestic exporters would be able to push shipments.

    On promoting sustainability in the textiles sector, Goyal said that the textiles ministry has decided to set up an ESG (environmental, social, and governance commitments) task force.

    The task force will come up with suggestions to make the sector more environment-friendly and sustainable.

    The textiles ministry has also launched a portal to promote the sale of handicrafts and handloom products.

    On the National Textiles Corporation, he said that viability and other issues of its units have been discussed with the Finance Ministry but no final decision has been taken yet.

    On pink worms affecting cotton crops in certain places, the minister said that they are in discussion with the agri ministry and scientists to develop pink worm-resistant varieties.

    On exports, Goyal said expressed confidence that the USD 100-billion target for the textiles sector would be achieved.

    He also said working with industry would help take the industry’s combined domestic and international economic value to USD 250 billion. “It is possible. We will definitely achieve that,” he added.

    Goyal was here as part of the Saurashtra Tamil Sangamam which is being conducted under the ‘Ek Bharat Shreshtha Bharat’ Initiative in Gujarat in Rajkot.

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    ( With inputs from www.siasat.com )

  • Piyush Goyal takes a dig at Satya Pal Malik’s recent allegations

    Piyush Goyal takes a dig at Satya Pal Malik’s recent allegations

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    Rajkot: Union Minister Piyush Goyal on Saturday condemned people who spread negativity and try to hinder the progress of the nation, alluding to critical remarks made by former Jammu and Kashmir governor Satya Pal Malik about the BJP-led central government.

    Goyal asserted that they are positive-thinking people.

    “Unfortunately, some people always think negatively and all the time try to stall the country’s progress by misleading people. I completely condemn such people,” he told reporters here.

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    He was replying to a question about Malik in a media interview making critical remarks about the BJP-led Centre, especially regarding its handling of Jammu and Kashmir where he served as the last governor before the erstwhile state was bifurcated into Union territories.

    The Central Bureau of Investigation (CBI) has asked Malik to answer certain queries in connection with an alleged insurance scam in Jammu and Kashmir. This is the second time in seven months that Malik, who has served as the governor of various states, will be questioned by the federal agency.

    Malik was questioned by the CBI sleuths in October last year after he concluded his gubernatorial responsibilities in Bihar, Jammu and Kashmir, Goa and finally, Meghalaya.
    The CBI move comes barely a week after Malik gave an interview to “The Wire”, in which he made critical remarks about the BJP-led Centre, especially regarding its handling of Jammu and Kashmir where he served as the last governor before the erstwhile state was bifurcated into Union territories.

    Malik and some Khap leaders held a protest at a police station in New Delhi on Saturday after not being allowed to hold a meeting at a south Delhi park as they lacked requisite permission, according to officials, who rejected reports that he was detained.

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    ( With inputs from www.siasat.com )

  • Piyush Goyal links RRR’s Oscar win to PM Modi; Congress mocks

    Piyush Goyal links RRR’s Oscar win to PM Modi; Congress mocks

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    Leader of Opposition and Congress president Mallikarjun Kharge while congratulating the Oscar winners – The Elephant Whisperers Netflix documentary and Naatu Naatu song from the Telugu-movie RRR – in Rajya Sabha on Monday in a lighter note ‘requested’ Central Government not to take the credit for the wins.

    Speaking in the Rajya Sabha, Kharge said, “I also join to congratulate both the awardees – Naatu Naatu and Elephant Whisperers – both of them come from South India. It is a great pride for us. We are also very proud of whatever you have said, we are with you.”

     “But my only request is that the ruling party should not take credit saying we have directed, we have written the poem, Modiji has directed the film. That is my only request. It is a contribution of the country,” Kharge said.

    His sarcastic remarks were met with roaring laughter from the House, including BJP leaders like Food Minister Piyush Goyal who had earlier drawn a parallel between the Academy Awards and PM Modi’s choice for the Rajya Sabha nominations. Piyush said that the PM’s chose “outstanding personalities” for Rajya Sabha with his “stamp of quality” in the nominations.

    In a Facebook post titled “Rajya Sabha Nominations – An Oscar for Prime Minister’s Office”, Goyal listed the names of the nominees for the Rajya Sabha.

    “Prime Minister Narendra Modi ji has left his stamp of quality in nominating members to the Rajya Sabha by choosing outstanding personalities who have made a mark in diverse fields such as Indian culture, social work and sports,” the minister wrote.

    “Shri V. Vijayendra Prasad, the scriptwriter of the film RRR, is one of the several exceptional people whom the Prime Minister nominated to the Rajya Sabha in July 2022. The scriptwriter from Andhra Pradesh has been associated with the creative world for decades. Last year, Prime Minister Modi ji recognised his greatness and said “his works showcase India’s glorious culture and have made a mark globally.” Today, the global spotlight is on ‘RRR’ for winning an Oscar for the original song ‘Naatu Naatu’. This is a global endorsement of the Prime Minister’s choice,” he elaborated.

    (With inputs from ANI)



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    ( With inputs from www.siasat.com )

  • Honest govt, safe environment garner huge investments in UP: Piyush Goyal

    Honest govt, safe environment garner huge investments in UP: Piyush Goyal

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    New Delhi: Commerce Minister Piyush Goyal on Sunday said due to the “honest government and safe environment” in Uttar Pradesh, there are huge commitments towards investment.

    Addressing the Uttar Pradesh global investors summit in Lucknow on its last day, the commerce minister said that there have been commitments of several lakhs of crores rupees by investors during the summit.

    “It is the proof that the people now believe that it is now easy to invest in the state, that the state has an honest system, that law and order is in place and the investors have invested their faith in the people of the state,” Goyal noted.

    Uttar Pradesh, he added, was an emerging ecosystem state in 2020 but in the 2021 ranking, it was a leader in the start up ecosystem.

    There are 8,277 start ups in the state, Goyal informed further.

    He said that India signed three important free trade agreements last year and this year also “we were hoping to sign two or three pacts, which will open the doors for the breweries and wineries of the state as they will get market access, investments and technologies.”

    A recent increase in exports and in the number of start ups in Uttar Pradesh shows the immense possibilities for investors, Goyal added.

    Earlier on Saturday, the state’s chief minister Yogi Adityanath had said that through the summit, investments worth Rs 33 lakh crore had been garnered.

    The summit had begun on February 10.

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    #Honest #govt #safe #environment #garner #huge #investments #Piyush #Goyal

    ( With inputs from www.siasat.com )