Prada-Kolhapuri row: Piyush Goyal says India will get due credit for its design; calls it GI product

NEW DELHI: Union commerce and industry minister Piyush Goyal on Saturday said that India will get its due credit for its unique cultural products following the newly signed Free Trade Agreement (FTA) with the United Kingdom.Goyal cited the recent Prada–Kolhapuri chappal controversy and said that the government is moving to protect and promote its unique…

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‘Will hurt their international trade’: Piyush Goyal warns of blowback over carbon tax; says EU may hurt itself more

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to harm European industries more than its intended targets, including India. “There is a lot of opposition to CBAM in the EU also. EU’s infrastructure will…

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Sanctions risk: Indian firm defends explosive shipment to Russia; says material for civilian use only

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with Indian rules and that the shipment was strictly for civilian industrial purposes, not military use.According to news agency Reuters, Ideal Detonators Private Limited confirmed that…

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FTA momentum: Piyush Goyal confirms Oman deal ‘almost finalised’; talks with EU, US & others also moving fast

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush Goyal confirmed on Saturday. He also noted that negotiations with the European Union, United States, Peru, and Chile are progressing rapidly and making ‘fast progress’….

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Capex push: Nirmala Sitharaman calls it ‘primary driver of sustained growth’; says ‘we have to have capital expenditure grow’

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development.Speaking at a book…

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Rare earth supply risk: Indian electronics firms worried as Chinese curbs may hit; but can Beijing also afford this?

This is an AI-generated image, used for representational purposes only. A number of applicants under India’s Electronics Component Manufacturing Scheme (ECMS) have flagged concerns over meeting their first-year production targets due to ongoing shortages of rare earth minerals. According to ET, at least 10 companies have raised the issue with the ministry of electronics and…

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India-US trade deal: Piyush Goyal shares important update; says negotiations ‘making fast progress’

File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI) Commerce and industry minister Piyush Goyal on Saturday said that discussions with the United States on the proposed bilateral trade agreement are progressing swiftly.Addressing the media, Goyal said that negotiations with Washington are “making fast progress”, as per news agency PTI. India-U.S. Trade Deal:…

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