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Who is Piyush Goyal

Piyush Goyal

About Piyush Goyal

Who is Piyush Goyal

Piyush Goyal, who had been the Union minister for railways and coal in the first term of the Narendra Modi-led Bharatiya Janata Party (BJP) government at the Centre, has been given charge of the railways and commerce & industry ministries in the second term. In the previous term of the BJP government, Goyal had also donned the hat of the finance minister on a couple of occasions, standing in for then Finance Minister Arun Jaitley during phases of the latter’s ailment. Goyal was the finance minister and corporate affairs minister from January 23 to February 15, 2019). He presented the Interim Budget for 2019-20. Among the most crucial things he announced in the Interim Budget was a tax concession to the lowest bracket of the salaried class. He also announced a scheme for income transfer to farmers. 
 
Previously, besides holding the independent charge of the coal ministry as a minister of state, Goyal also held the power, new & renewable energy and mines portfolios from July 5, 2016, to September 3, 2017.
 
A member of the BJP, he has been representing Maharashtra in the Rajya Sabha since 2010.
 
During the first term of the Modi government, Piyush Goyal's tenure as the power minister saw the rollout of the Ujwal DISCOM Assurance Yojana (UDAY) and fast-tracking of electrification of nearly 18,000 unelectrified villages under the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya). He also oversaw the government's LED bulb distribution programme, known as UJALA. He was first given the temporary additional charge of the Ministry of Finance from May through August 2018, as Jaitley was undergoing medical treatment. During his second stint as the interim finance minister, Goyal’s Interim Budget also saw the rollout of the PM-KISAN scheme, a direct cash income support scheme for small and marginal farmers. The measure, besides the income-tax rebate for middle-class taxpayers and other select announcements, were viewed as the government's bid to woo voters, especially distressed farmers, in the run-up to the 2019 elections.

Latest Updates on Piyush Goyal

Nations send in requests to India seeking supplies after wheat export ban

Export demand from India has seen a surge this year due to the shortage of wheat in the world markets because of the Russia-Ukraine war

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Updated On : 22 Nov 2022 | 8:05 PM IST

Don't want surplus wheat, sugar to go in hand of hoarders: Goyal at WEF

22 countries have food regulations to protect their own food security, says union commerce minister

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Updated On : 25 May 2022 | 11:10 PM IST

Export ban decisions based on domestic needs, checking hoarders: Goyal

With the WTO chief sitting next to him in the panel, Goyal said India traditionally has never been an exporter of grains and was rather importing initially, till the Green Revolution happened.

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Updated On : 25 May 2022 | 9:37 PM IST

India was never traditional supplier of wheat to world, says Goyal at WEF

Asserting that it was never a traditional player in the international wheat market, India said it will continue to allow wheat export for countries that are vulnerable, friendly

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Updated On : 02 Aug 2023 | 10:03 AM IST

WEF 2022: Govt has no immediate plan to lift wheat export ban, says Goyal

The world's second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and domestic prices hit a record high.

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Updated On : 02 Aug 2023 | 10:09 AM IST

India committed to strengthen multilateral trade system: Goyal to WTO chief

Commerce and Industry Minister Piyush Goyal met World Trade Organisation Director-General Ngozi Okonjo-Iweala and reiterated India's support for strengthening the multilateral trading system

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Updated On : 25 May 2022 | 6:53 AM IST

Food inflation is manageable, people won't feel pain: Piyush Goyal

Tells India Inc to focus on value-added exports, ensure jobs come into the country

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Updated On : 24 May 2022 | 10:44 PM IST

World Economic Forum: Overall food inflation is manageable, Piyush Goyal

Speaking at the World Economic Forum in Davos, Goyal also said that India was producing enough wheat for domestic consumption

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Updated On : 24 May 2022 | 9:49 PM IST

WEF 2022: Goyal pitches India among best investment destination

Goyal reiterated India's position as one of the world's most preferred investment destinations and told them about the massive scope and range of opportunities it presents to investors globally

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Updated On : 25 May 2022 | 2:35 AM IST

WEF 2022: Here's what will happen on Day 2 at Davos Annual meeting

On WEF 2022 Day 2 schedule, Commerce and Industry Minister Piyush Goyal will be speaking at the WEF event "India at 75: Strategic Outlook"

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Updated On : 24 May 2022 | 11:09 AM IST

WEF 2022: DPITT sends delegation with agenda to increase India's exposure

As India assumes the presidency of the G20 in 2023, the initiative will boost India's position at WEF 2022 meet as an important stakeholder in shaping global narrative

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Updated On : 23 May 2022 | 4:00 PM IST

Piyush Goyal to lead Indian delegation at World Economic Forum, Davos

Post Davos, the Commerce and Industry Minister will travel to UK for trade talks

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Updated On : 21 May 2022 | 10:28 AM IST

India at WEF 2022: Day-wise itinerary of Indian representation at Davos

Here is a list of all the events at WEF 2022, Davos that will be attended by Indian ministers, CEOs, and corporate honchos

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Updated On : 20 May 2022 | 1:43 PM IST

Traders must fulfill domestic cotton, yarn demand before exports: Goyal

The minister's comments came after textile mills in Tamil Nadu, a leading exporter of garments, went on a two-day strike earlier this week demanding a ban on exports

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Updated On : 18 May 2022 | 5:28 PM IST

Piyush Goyal meets industry stakeholders amid call for cotton export ban

This comes amid speculation that the government may ban export of both commodities as a temporary measure to calm down the prices

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Updated On : 18 May 2022 | 9:22 AM IST

Stalin writes to PM Modi seeking relief for beleaguered textile industry

M K Stalin says several units staring at closure, urges mandatory declaration of cotton and yarn stock, easier cash credit limits for mills to buy cotton

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Updated On : 16 May 2022 | 2:58 PM IST

'India-UAE trade pact to create job opportunities, boost economy': Goyal

He informed that there are a large number of startups which have emerged in the last six years, with more than 65,000 registered with the ministry

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Updated On : 14 May 2022 | 2:09 AM IST

We may consider preferential trade pact with Oman to boost ties: Goyal

India is also under active discussions with Gulf Cooperation Council (GCC) for a comprehensive trade agreement, the Commerce and Industry Minister Piyush Goyal said

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Updated On : 13 May 2022 | 1:02 AM IST

India, Oman agree to have joint feasibility study on limited trade deal

The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA)

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Updated On : 12 May 2022 | 12:31 AM IST

India, Italy have huge opportunities to boost economic ties: Piyush Goyal

There are huge opportunities for increasing cooperation in areas like tourism, design, digital world, services, goods and education between India and Italy to boost economic ties

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Updated On : 06 May 2022 | 9:14 PM IST