Latest news with #PiyushGoyal
Time of India
2 hours ago
- Business
- Time of India
A Step towards building Bhartiya Global Consulting firm
There has been 80 years since an Indian domestic firm could join hands. The baby steps have started today on the 1st of July - the Chartered Accountancy Day. Is this the start of a journey of an Indian firm having a larger Pan India Presence. Tired of too many ads? go ad free now The Central Government initiatives have been making waves in many media houses, there have been many seminars, discussions, forums, and the like, it is today has seen a reality after the buzz. The buzz should not remain, and this reality is a welcome breath. The pioneering 3 firms who have joined hands have good presence across India. Kirtane & Pandit is a Western India firm with 7 decades of credibility and so has SS Kothari Mehta & Co., North Indian Firm. A Bangalore based firm Guru & Jana is representing South. This has been a new alliance as per the guidelines of ICAI. Every journey happens with a single brave step - is this the new one? New journeys start with a conviction, and not with a business plan - this journey has happened and is a reality today. A Step towards building Bhartiya Global Consulting firm. The Institute of Chartered Accountants of India, the regulator for accounting professionals in India has come out with a guidelines for alliance firms, networking firms, and recently have shared the draft exposure of even International networking guidelines. The ICAI first introduced the Networking Guidelines in 2005, subsequently revised in 2011 and 2021, but adoption remained low . In 2024–2025, a dedicated Committee for Aggregation of CA Firms (CACAF) was set up to overhaul these guidelines . This Committee has also given the direction of "networking of international firms" Recently the PMO has also have had high level committee meetings for creating an Indian CA firm. Tired of too many ads? go ad free now The commerce Minister Shri Piyush Goyal also made comments that "Atma Nirbar Bharat" should now move to accounting firms. The regulator all these years has been prohibiting any advertisement or publicity of the accounting firms, now the ICAI has been exploring possibilities of creating new guidelines to start the advertisement in the world of digital media. Times have changed and the premium accounting regulator is now working in this direction. This sequel is going to propel more such alliances, and it appears that the initiatives of Prime Minister Narendra Modi in 2016-17 and is now persistently pursued by Mr. Sanjeev Sanyal Member of PMO Economic Advisory Council with the rank of Secretary, Government of India have started yielding seeds for a beautiful tree called Bharat Firms!
Time of India
2 hours ago
- Business
- Time of India
Atma Nirbhar Bharat step of Accounting firms - A Step towards building Bhartiya Global Consulting firm
There has been 80 years since an Indian domestic firm could join hands. The baby steps have started today on the 1st of July - the Chartered Accountancy Day. Is this the start of a journey of an Indian firm having a larger Pan India Presence. The Central Government initiatives have been making waves in many media houses, there have been many seminars, discussions, forums, and the like, it is today has seen a reality after the buzz. The buzz should not remain, and this reality is a welcome breath. The pioneering 3 firms who have joined hands have good presence across India. Kirtane & Pandit is a Western India firm with 7 decades of credibility and so has SS Kothari Mehta & Co., North Indian Firm. A Bangalore based firm Guru & Jana is representing South. This has been a new alliance as per the guidelines of ICAI. Every journey happens with a single brave step - is this the new one? New journeys start with a conviction, and not with a business plan - this journey has happened and is a reality today. A Step towards building Bhartiya Global Consulting firm. The Institute of Chartered Accountants of India, the regulator for accounting professionals in India has come out with a guidelines for alliance firms, networking firms, and recently have shared the draft exposure of even International networking guidelines. The ICAI first introduced the Networking Guidelines in 2005, subsequently revised in 2011 and 2021, but adoption remained low . In 2024–2025, a dedicated Committee for Aggregation of CA Firms (CACAF) was set up to overhaul these guidelines . This Committee has also given the direction of "networking of international firms" Recently the PMO has also have had high level committee meetings for creating an Indian CA firm. The commerce Minister Shri Piyush Goyal also made comments that "Atma Nirbar Bharat" should now move to accounting firms. The regulator all these years has been prohibiting any advertisement or publicity of the accounting firms, now the ICAI has been exploring possibilities of creating new guidelines to start the advertisement in the world of digital media. Times have changed and the premium accounting regulator is now working in this direction. This sequel is going to propel more such alliances, and it appears that the initiatives of Prime Minister Narendra Modi in 2016-17 and is now persistently pursued by Mr. Sanjeev Sanyal Member of PMO Economic Advisory Council with the rank of Secretary, Government of India have started yielding seeds for a beautiful tree called Bharat Firms!
Time of India
5 hours ago
- Business
- Time of India
Govt plans SEZ law revamp to boost exports, ease domestic tariff area sales
The commerce ministry plans to revise the Special Economic Zone (SEZ) regulations. This is to revitalize these zones and increase exports. The proposed changes include allowing sales in the domestic market with adjusted duties. It also introduces reverse job work provisions. Rupee payments may be permitted for specific services. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The commerce department is seeking to amend the law governing special economic zones (SEZs), offering several concessions as it seeks to revive the enclaves to boost exports and activity within the economy, according to a TOI a meeting convened by commerce and industry minister Piyush Goyal on Monday, the plan discussed with exporters included allowing sales in the domestic tariff area (DTA) - which is the area outside the SEZ - on a duty forgone basis. Under the current regime, shipments from SEZs to an Indian seller in the DTA attract import duty equivalent to what any consignment from another country faces. If the amendments go through, in the case of, say, a shirt made in an SEZ using imported fabric, it will only attract the customs applicable to the told TOI that the benefit is available in American foreign trade zones as well as comprehensive bonded zones in China, as well as some of the Indian schemes, such as those for export-oriented units."It will attract foreign investment in the Indian SEZs. One cannot have separate factories for serving domestic and export markets," an industry source the commerce department has introduced a "reverse job work" provision to utilise underused capacity in the zones, which have seen a decline since the UPA government rolled back several tax incentives first offered in 2005.A third concern, which is sought to be addressed through the amendments, is to allow rupee payment for some of the services rendered by units in SEZs to the domestic tariff area. This will be applicable to services such as maintenance, repair, and operations (MRO) and space-Jrelated activities, sources said.(With TOI inputs)
Fashion Value Chain
8 hours ago
- Business
- Fashion Value Chain
AEPC Flags US Tariff Concerns in Meeting with Piyush Goyal
Shri Sudhir Sekhri, Chairman of the Apparel Export Promotion Council (AEPC), and Shri Vijay Agarwal, Chairman of TEXPROCIL, met with the Hon'ble Minister of Commerce & Industry, Shri Piyush Goyal, in the capital to discuss growing concerns over the proposed India-US Bilateral Trade Agreement. The high-level meeting follows recent developments indicating that the US may impose reciprocal tariffs of up to 26% after the July 9 deadline—a move that could significantly impact India's textile and apparel exports, especially to its key market, the United States. During the meeting, the Chairmen raised red flags about the implications for labour-intensive sectors, particularly apparel and home textiles, which form a major chunk of India's export earnings and employment—especially in MSMEs and rural clusters. A hike in tariffs could lead to a sharp dip in exports and substantial job losses, they warned. Minister Piyush Goyal assured the delegation that the Government is fully committed to protecting the interests of vulnerable export sectors and that the ongoing negotiations will prioritize the sustainability and competitiveness of the Indian textile industry. The meeting reflects the Government's proactive engagement with stakeholders as it navigates evolving global trade dynamics to safeguard India's economic and employment interests.
NDTV
11 hours ago
- Health
- NDTV
JP Nadda Salutes Doctors For Selfless Service On National Doctor's Day
New Delhi: Union Health Minister JP Nadda on Tuesday hailed doctors for their unshakable sense of duty, and selfless service to humanity. National Doctors' Day is marked every year on March 30 to honour the contributions of medical practitioners across the country. "On National Doctor's Day, I extend my heartfelt greetings to all doctors for their selfless service to humanity. Their round-the-clock dedication brings hope and saves countless lives every single day," Mr Nadda said in a post on X. On National Doctor's Day, I extend my heartfelt greetings to all doctors for their selfless service to humanity. Their round-the-clock dedication brings hope and saves countless lives every single day. In every health emergency, you have stood tall at the frontlines, driven by… — Jagat Prakash Nadda (@JPNadda) July 1, 2025 "In every health emergency, you have stood tall at the frontlines, driven by compassion and an unshakable sense of duty. Your care, courage, and sacrifice make you the true heroes of our society," he added. The Union Health Minister also expressed gratitude "to all healthcare workers whose relentless efforts" are paving the way towards a healthy country. The day is dedicated to the medical professionals, who with tireless dedication, compassion, and relentless efforts are the guardians of health. Union Minister of State for Ayush Prataprao Jadhav expressed heartfelt gratitude to all doctors across the country. "Your selfless service, compassion, and perseverance are the true strength of our healthcare system. Whether in bustling city hospitals or remote village clinics -- your dedication to saving lives and treating with dignity remains unwavering," he added, on X. या #DoctorsDay निमित्ताने देशभरातील सर्व डॉक्टरांप्रती माझ्या मनःपूर्वक कृतज्ञता व्यक्त करतो. आपली निःस्वार्थ सेवा, करुणा आणि चिकाटी ही आपल्या आरोग्य प्रणालीची खरी ताकद आहे. मग ती गजबजलेल्या शहरातील रुग्णालये असोत किंवा दूरवरच्या खेड्यातील दवाखाने—तुमची जीवन वाचवण्याची आणि… — Prataprao Jadhav (@mpprataprao) July 1, 2025 Mr Jadhav also saluted the medical warriors for their selfless service during the deadly Covid-19 pandemic. Piyush Goyal, Union Minister of Commerce and Industry lauded the dedication of doctors who stand at the forefront of healthcare services. "Their expertise and commitment play a crucial role in safeguarding the health and well-being of our citizens. The compassion with which they serve patients, even in the most challenging circumstances, is truly inspiring. We remain grateful for their efforts in securing a healthier future for India!" Goyal said on X. On #NationalDoctorsDay, we honour the dedication of our doctors who stand at the forefront of healthcare services. Their expertise and commitment play a crucial role in safeguarding the health and well-being of our citizens. The compassion with which they serve patients, even in… — Piyush Goyal (@PiyushGoyal) July 1, 2025 National Doctor's Day is celebrated to commemorate Bidhan Chandra Roy -- a renowned doctor who also served as the West Bengal Chief Minister, and whose birth and death anniversary fall on this day. Dr. Roy was in 1961 awarded the Bharat Ratna, India's highest civilian honour, in recognition of his outstanding contributions to medicine and public service. This day was established in 1991 by the government to honour him.
