admin, Author at Piyush Goyal

Held a meeting with Agus Suparmanto, Minister of Trade of Indonesia at Biennial Trade Ministers Forum & discussed trade challenges between the two countries. Our nations will work together in a balanced & equitable manner to achieve the target of $50 billion trade by 2025

Had a meeting with officials from Department for Promotion of Industry and Internal Trade and discussed the roadmap for improving India’s Ease of Doing Business ranking. Our Government is committed towards ushering in structural reforms for the same

Held a meeting with officials of Railway PSUs & deliberated ways to promote industries under Make in India & Aatmanirbhar Bharat. Also discussed ways to provide free Wi-Fi in village schools & implementing 100% e-Office across entire Indian Railways network before September

Held a meeting with stakeholders from steel industry along with Minister Dharmendra Pradhan ji. Discussed a roadmap to enhance steel exports, increase domestic competitiveness and reduce import dependence

Met industry stakeholders along with Minister Shri Narendra Singh Tomar ji and discussed ways to improve competitiveness of the Agro Chemicals industry. Reviewed detailed plans to enhance Ease of Doing Business & self sufficiency to boost exports in the sector

Held a meeting with representatives from Deendayal Research Institute and appreciated their efforts for upliftment of the rural sector. Reiterated the need to boost domestic production & SMEs in order to achieve the vision of an Aatmanirbhar Bharat

PM Narendra Modi ji’s transformational reforms have enabled India’s foreign exchange reserves cross the $500 billion mark for the first time Banknote with dollar sign Another sign of a strong and Aatma Nirbhar Bharat

India’s foreign exchange reserves crossed the half-a-trillion mark for the first time after it surged by a massive USD 8.22 billion in the week ended June 5, as per the latest data from the RBI.

The reserves rose to USD 501.70 billion in the reporting week helped by a whopping rise in foreign currency assets (FCA).

In the week ended June 5, FCA, which is a major component of the overall reserves, rose USD 8.42 billion to USD 463.63 billion.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

The gold reserves declined by USD 329 million to USD 32.352 billion in the reporting week, the Reserve Bank of India (RBI) data showed.

In the reporting week, the special drawing rights with the International Monetary Fund (IMF) were up by USD 10 million to USD 1.44 billion.

The country’s reserve position with the IMF also rose USD 120 million to USD 4.28 billion during the reporting week, the data showed.

Since September 20, 2019, when Finance Minister Nirmala Sitharaman announced a cut in corporate tax rates, the forex reserves have been rising week-on-week and shot up to $487.23 billion in the week ended March 6, 2020. A sharp decline in global crude oil prices subsequently were a blessing in disguise for India during this period.

Links: https://indianexpress.com/article/business/economy/indias-forex-reserves-jump-8-22-billion-cross-half-a-trillion-mark-for-first-time-6455844/

Held a meeting to review Quality Council of India’s performance. We will realise our vision of Aatmanirbhar Bharat on the basis of quality indigenous products & services. Also, quality certification must be rational, transparent, reliable & free from malpractice

Addressed FICCI ’s seminar on export & import and spoke about the way forward post COVID. Urged everyone to work collectively in national spirit to make India an investment oasis in a post-COVID world