MUMBAI: On the heels of the income tax cut announced in the Union Budget, finance minister Nirmala Sitharaman on Saturday said a reduction in goods and services tax (GST) is in the offing, but remained tight-lipped on reduction in capital gains tax, citing resumption of the Parliament session next week.In a fireside chat at The…
NEW DELHI: With India and the US preparing to start negotiations for a bilateral trade agreement, commerce and industry minister Piyush Goyal on Tuesday said the two countries can offer concessions and duty reductions, as their economies complement each other.During the recent visit of Prime Minister Narendra Modi to Washington, India and the US announced…
BENGALURU: Commerce and industry minister Piyush Goyal said the combination of growth driven by consumption, alongside growth propelled by investment can serve as twin pillars for India’s economic advancement. “Economists will tell you that consumption-led growth, coupled with investment-led growth, can together become the twin pillars on which India’s growth story will rapidly scale up,”…
NEW DELHI: Commerce and industry minister Piyush Goyal will hold discussions in Brussels with Commissioner of European Commission for Trade and Economic Security Maros Sefcovic from Jan 18-20 on the proposed free trade agreement between the two. Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay…
Commerce and Industry Minister Piyush Goyal NEW DELHI: The government is working on an export strategy to further accelerate the country’s goods and services shipments, Commerce and Industry Minister Piyush Goyal has said. He said the ministry is working on a “very” targeted manner to take the exports to $ 2 trillion by 2030 by…
NEW DELHI: Senior officials from the commerce ministry, and commercial wings of Indian Missions of 20 countries will hold a three-day meet, beginning here on Monday, to discuss ways to promote exports of goods and services, an official said. Commerce and Industry Minister Piyush Goyal will also interact with these commercial representatives on January 6….
NEW DELHI: Electric vehicle (EV) industry has “unanimously” agreed they won’t need subsidies once existing subsidy regime ends. “All sections” of the EV industry conveyed this to commerce minister Piyush Goyal in a meeting on Friday. The minister also said India is looking forward to strengthening economic relationship with the US under Trump presidency –…
India is poised to achieve a remarkable milestone in its economic journey, with exports of goods and services projected to surpass $800 billion in the current fiscal year, said commerce minister Piyush Goyal on Friday. This anticipated figure not only marks a significant increase from the previous year’s total of $778 billion but also reflects…
NEW DELHI: India’s exports to its trade agreement partner Australia rose 64.4 per cent year-on-year to USD 643.7 million in November on account of healthy growth in sectors such as textiles, chemicals and agricultural products, according to the commerce ministry data. However, the country’s merchandise exports recorded a decline of 5.21 per cent year-on-year to…
Union Minister of Commerce and Industry Piyush Goyal NEW DELHI: Amid growing fears of protectionism in the US, commerce and industry minister Piyush Goyal said on Thursday that American President-elect Donald Trump is a “friend of India” and he expected bilateral relations to only blossom and grow further.“We need not jump the gun. We should…
