CAIT urges govt to take action against e-commerce firms flouting FDI policy
Terming e-commerce firms "global economic terrorist" and "economic intruders, tax offenders and policy & law violators", the Confederation of All India Traders (CAIT) in a letter sent to Commerce Minister Piyush Goyal demanded early enforcement of e-commerce policy and national retail policy. It also called for constituting an e-commerce ombudsman.
Govt examining foreign fund flows in infra at strategic locations
A comprehensive review has been undertaken to assess the control over vario...
No decline in exports under GSP tariffs after benefits withdrawn: Piyush Goyal
In 2018, India exported goods worth of $6.3 billion (as per US...
2.85 lakh jobs created in DPIIT recognised startups: Piyush Goyal
As on November 21, 2019, SIDBI has committed Rs 3123.20 crore to 47 SEBI registered Alternative Investment Funds (AIFs). These funds have raised a corpus fund of Rs 25,728 Crore. “Rs 695.94 Crore have been drawn from the Fund of Funds for start-ups. Rs 2,669.83 Crore have been invested into 279 startups,” Union Commerce Minister Piyush Goyal said.
Govt carrying out reforms to boost economy: Piyush Goyal
Piyush Goyal said as regards reforms in the tax system, it is stated that through the Taxation Laws (Amendment) Ordinance, 2019 (the Ordinance), corporate tax rates were reduced to 22 per cent plus the applicable surcharge and cess for all domestic corporate persons not claiming any deduction or incentive.
Piyush Goyal demands reciprocal access for Indian companies abroad
Foreign cos won’t be allowed in local contracts unless India Inc gets to compete in those nations, said Goyal.
Reduction of handset export incentives to 2 per cent will lead to massive job losses: ICEA
ICEA said discussions have been going around between the industry and the government for the past three months to replace the Merchandise Exports from India Scheme with a WTO-compliant scheme but the Director General of Foreign Trade surprisingly notified downward revision of the export incentive.
RCEP did not adequately address India's concerns, will review ASEAN FTA: Piyush Goyal
Prime Minister Narendra Modi took the call of not joining the RCEP agreement on November 4 in Bangkok, as India's concerns were not addressed in the pact.
Railways needs to rationalise expenses, increase internal revenue for reasonable operating ratio: Standing Committee
The Committee expressed concern that the operating ratio of Indian Railways reached an all time high of 98.4 in 2017-18, though it marginally came down to 97.29 in 2018-19, it said in a report on Demand for Grants (19-20) for Indian Railways tabled in Parliament on Thursday.
Indian Railways takes decisive step to cut electricity bill, reduce operating cost: Piyush Goyal
Union Railway Minister on Monday posted on his Twitter account: "Railways takes a decisive step to cut down on electricity bill & reduce operating cost. Securing additional power flow from Bihar & Rajasthan, Railways to save Rs 121 crores on a yearly basis."
Privatisation of Indian Railways gathers speed, bidding process for 150 trains by next month
Goyal has asked officials to prepare a plan for introducing 150 new routes, bidding for which will begin next month.
India, Japan trade ministers discuss review of CEPA ahead of PMs meet
In the hour-long meeting, Commerce and Industry Minister Piyush Goyal conveyed to Japanese Trade and Industry Minister Hiroshi Kajiyama that "market access for India's goods and services with partner countries is very important but despite commitments in CEPA from Japan, market access for India's goods and services remains elusive".
Salary, social obligations take away big funds of railways: Piyush Goyal
"After the implementation of 7th Pay Commission recommendations, there has been an over expenditure of Rs 22,000 crore for salaries and pension of railway employees. This has contributed to the overall operating loss," he said.
Yes to business, no to free rides: Amit Shah, Nirmala Sitharaman & Piyush Goyal at ET Awards 2019
Many indicators on the ground show that things should start to improve from this quarter, say ministers even as they express willingness to address structural issues to attract investment, but not at the cost of domestic retail.
Onion ships coming next week, Amit Shah told
Earlier, finance minister Nirmala Sitharaman informed Parliament that the government has taken steps to rein in onion prices and has initiated steps to improve technology for its better storage. On Thursday, opposition parties staged a protest over the rising onion prices in the Parliament premises.
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