SEEMS GOYAL
India not rethinking on issue of allowing Chinese investment, says Trade Minister Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced on Tuesday that India is not reconsidering its stance on supporting Foreign Direct Investment (FDI) from China, despite recent recommendations from the Economic Survey. Goyal emphasized that the Survey's recommendations are non-binding and do not influence government policy.
BJP leader JP Nadda replaces Piyush Goyal as Leader of House in Rajya Sabha
JP Nadda replaces Piyush Goyal as leader of the House in Rajya Sabha and takes oath as Union Health Minister. He continues as BJP National President until new president is elected after state elections.
Lok Sabha Elections 2024 Phase 5: From Rahul Gandhi to Smriti Irani and Piyush Goyal, here are top candidates and constituencies
India's Phase 5 Lok Sabha elections feature key contests with Rahul Gandhi, Smriti Irani and several Union Ministers and party chiefs in the race. Encompassing 49 seats spread across 6 states and two Union Territories (UT), the upcoming elections will see a diverse array of constituencies. Uttar Pradesh leads with 14 seats, followed by Maharashtra with 13, West Bengal with 7, Bihar with 5, Jharkhand with 3, Odisha with 5, and one each from Jammu and Kashmir and Ladakh.
Inflation sustainably moving towards RBI target enough for a rate cut: Ashima Goyal
Ashima Goyal emphasized India's resilience to supply shocks and anchoring of inflation expectations. Bhide expects food inflation to ease in 2024. Both acknowledged inflation risks from geopolitical tensions.
View: Zo, Zomato, nice, quick U-turn before you ended up unleashing veg vigilantes
Why did Zomato introduce this shudh initiative? Because, according to Goyal, India has the largest percentage of vegetarians in the world. And one of the most important feedbacks that Zomato got is that these customers are very particular about how their food is cooked, and how their food is handled. While the first part of the statement is highly iffy, the second part is, well, correct.
We have been able to protect India’s interests at WTO: Piyush Goyal
Since the process has not yet been completed, we believe that it is in the best interest that we continue this ecommerce moratorium and ensure that if at all it is found to be necessary, there will be discussions at Geneva to see if there are any areas particularly which need to be covered under the moratorium, otherwise as the decision stands, it will expire at the end of two years or the next ministerial, whichever is earlier, Commerce and industry minister Piyush Goyal.
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India taking steps to safeguard vessels in Red Sea: Piyush Goyal
Piyush Goyal discusses bilateral investment treaties and the importance of negotiating from a position of strength. He mentions concerns about the Red Sea situation and the potential impact on exports. Goyal believes that India will become the largest market for aircraft in the next 20-25 years, attracting manufacturers. The budget focuses on infrastructure investment to stimulate growth and boost multiple industries. The PLI scheme is expanding, with new sectors to be included based on their gestation period.
Budget 2024: How is Sitharaman placed between Chidambaram and Piyush Goyal?
Sitharaman is likely to follow the footsteps of previous finance ministers by incorporating electoral math into the budget. However, she plans to lower the budget deficit and increase capital spending, limiting the scope for large welfare schemes. Instead, smaller targeted benefits may be offered to critical voter segments such as tribals, OBCs, and females.
Serving a message: Creativity on India, US platter can dish out potent solution
During a recent visit, US Trade Representative Kathreen Tai experienced nuanced messages on India-US trade through her banquet menu. The inclusion of Indian wild-caught shrimps, usually prohibited under US law due to concerns about sea turtles, signaled potential collaboration in overcoming regulatory challenges. The second message was represented by grapes served with Angoori Rasmalai, symbolizing unresolved issues, such as market access barriers for Indian grapes.
Pleased that India has trusted Finnish partners such as Nokia to develop 5G: Ville Tavio
Finland’s minister for foreign trade and development, Ville Tavio, who was in New Delhi for a CII conclave, talks about ICT collaboration, trade deals, and the bilateral relationship with India.
Loan growth should still be faster than nominal GDP growth over a 5-10-year period:Vishal Goyal
“A steady ROA expansion has happened in the last four-five years due to the factors which you just mentioned. We feel that we are probably closer to that expansion, like the peak of expansion and now we should start seeing some contraction due to NIMs stagnating or declining and credit cost already bottoming. Now, we would only see some increases in credit cost towards the average.”
Zomato has nothing to do with video of female delivery partner in Indore: CEO Deepinder Goyal
The Zomato chief said that the company has hundreds of women who deliver food everyday, earning a livelihood for their families, but implied that the video in question was a fake.
We have been proactive in controlling inflation amid fears of El Nino: Piyush Goyal
Goyal also attributes the fall in foreign direct investment (FDI) and exports to high interest rates and the global economic slowdown. However, he expects trade to pick up in the coming months as India pursues an aggressive free trade agreement agenda. Goyal also discusses the strengthening trade relations between India and the US, as well as plans for the India-Middle East-Europe Economic Corridor and the proposed free trade agreement with the Gulf Cooperation Council.
Govt taking steps to cap food prices, curb rise in fiscal deficit: MPC member Ashima Goyal
According to Ashima Goyal, an external member of the Monetary Policy Committee, the recent surge in food prices is unlikely to cause general inflation. The government is taking measures to control food prices while also monitoring its fiscal deficit, she said. Goyal stated that the conditions that led to inflation in 2007-13, such as high food inflation and large fiscal deficits, are not present now.
Feet size matters, as does India’s pedigeopolitics
India is developing its own sizing chart for footwear to fit the "local needs" based on the tarsal, metatarsal, and phalanges structures of Indian feet. The goal for the country is to free itself from dependence on foreign sizes and distinguish Indian footwear products from those of the rest of the world. The chart will be called IndiaSize and will help change the British colonial mindset and end confusion about the correct fit.
Britain sees improved momentum in latest round of India trade talks
Britain began free trade talks with India in January last year as it looks to establish its credentials as an independent trading nation after leaving the European Union and is seeking an Indo-Pacific tilt to its foreign policy.
India’s strength exports under stress as world moves to recession: Piyush Goyal
Commerce and industry minister Piyush Goyal Monday said that exports of gems and jewellery, textiles and leather goods, which are India’s strength areas, are currently under stress. At an event organised by the Bombay Chamber of Commerce and Industry, he also said that Europe and the US are under stress, commodity prices and demand have softened, and discretionary spending is lukewarm.
Free trade pact talks with UK continuing; trade stands on its own legs: Piyush Goyal
India's Ministry of External Affairs summoned the senior-most British diplomat in New Delhi on a Sunday evening recently, over reports of some Khalistani elements pulling down the Indian flag at the Indian high commission in London during a protest. India has also responded by proposing or undertaking several actions, like reducing security at the British mission and constructing a public toilet there.
Figures suggesting that textiles exports are up again: Piyush Goyal
"Textiles exports have a twin problem. Many countries are facing foreign exchange problems post Ukraine conflict, due to which many destinations have cut down non-essential imports," he told reporters.
Bombay HC quashes ED's ECIR against Jet Airways founder Naresh Goyal, wife
After hearing both the sides, a division bench of Justices Revati Mohite Dere and Prithviraj Chavan quashed the ECIR registered on February 20, 2020 and all proceedings against Goyals on the ground of "being illegal and contrary" to law. Generally, an ECIR, somewhat similar to an FIR, is registered on the basis of a criminal case registered by police, the Central Bureau of Investigation, or any other agency.
PhonePe raises $100 million in fresh funding; Deepinder Goyal dismisses talks of attrition at Zomato
The fundraise follows PhonePe’s recent change of domicile to India and full separation from the Flipkart group. Flipkart doesn’t own any stake in PhonePe now and its valuation will be readjusted to about $33 billion as part of the separation.
CEO Deepinder Goyal, CFO Akshant Goyal overseeing functions of those who quit firm: Zomato
The senior-level exits of late have included cofounders like Mohit Gupta and Gunjan Patidar, who was also its chief technology officer.
Visas, social security delay UK trade talks
Indian negotiators have repeatedly told their British counterparts that the talks, under the proposed free trade agreement (FTA), are about movement of personnel and professionals and have nothing to do with immigration. But there has been a sense that the UK is reluctant to ease rules for genuine business workers.
Zomato registers 45% surge in order volumes on New Year's Eve compared to 2021
Zomato CEO Deepinder Goyal urged customers to order in early to avoid the year end rush and cautioned against a potential server crash
'Not a boomer anymore': Zomato CEO Deepinder Goyal makes Instagram debut with a series of 'me-made' posters
The enterpreneur finally made his Instagram debut.
Deepinder Goyal takes to Instagram for the first time, says he's "not a boomer anymore"
The CEO has directed his staff to his Instagram page with a tweet, stating he is not a boomer anymore. Since this is his first online interaction with his team, he seems to be looking to emphasise that he is also tech-savvy.
Zomato moving towards profitability but can grow much faster: CEO Deepinder Goyal
Zomato’s founder and CEO Deepinder Goyal said that even as the company’s food delivery business was growing and moving towards profitability, there was room for it to grow much faster.
Uncertain times ahead for exporters as RBI’s draft OEIF guidelines excludes services exports
India has always been a leader in services exports with a consistently growing share in the global services exports market.
BJP seems to be branding supporters of farmers as Naxals: NCP
"It shows the BJP somewhere wants to term those who raise their voice for the poor, farmers and workers and fight battle against injustice as Naxalites or terrorists. This is not happening for the first time. The BJP is a party of the rich which wants to stand with traders. This has been the history of the BJP," NCP's national spokesperson Nawab Malik alleged.
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