Piyush Goyal Biography

Indian politician

Piyush Vedprakash Goyal (born 13 June 1964) is an Indian politician and chartered accountant serving as a cabinet minister in the Government of India, having portfolios such as Minister of Textiles, Minister of Commerce and Industry and Minister of Consumer Affairs, Food and Public Distribution. He was elevated to the Cabinet Minister position on 3 September 2017. Currently a Member of Parliament for Rajya Sabha from the state of Maharashtra, he is also the current Leader of the House in Rajya Sabha.

Earlier, he held the post of the National Treasurer of the Bharatiya Janata Party (BJP). He headed the BJP's Information Communication Campaign Committee where he oversaw the publicity and advertising campaign of the party including the social media outreach for the Indian General Elections 2014. Goyal has also held additional charge of Minister of Finance and Corporate Affairs twice in 2018 and 2019. Earlier he was Minister of State (Independent Charge) for Power, Coal, New & Renewable Energy (2014–2017), and Mines (2016–17).

Goyal is the 2018 Carnot Prize Recipient for distinguished contributions to energy policy. He has been allocated the cabinet ministry for Narendra Modi led NDA government in May 2019.

In March 2024, he was announced as the BJP candidate for the Mumbai North cons*uency in the 2024 General Elections.

Early life

Goyal was born in Mumbai to Chandrakanta Goyal and Ved Prakash Goyal. His mother was a three-time Bharatiya Janata Party (BJP) Member of Legislative *embly (MLA) from Maharashtra and his father served as the Union Minister for shipping in the Third Vajpayee ministry from 2001 to 2003. His father also served as the National Treasurer of the BJP for over two decades.

Piyush Goyal is Chartered Accountant and he did Law from Mumbai University. He did his schooling from Don Bosco High School, Matunga.

Career

Goyal started his career as an investment banker and served on the board of India's largest commercial banks, the State Bank of India 2001–2004 and Bank of Baroda 2002–2004 as Government nominee.

Goyal was a member of the Standing Committee on Finance and the Consultative Committee for the Ministry of Defence. An active member of the Managing Committee of Indian Merchants Chamber, he is also involved with NGOs in diverse fields such as tribal education and welfare of the physically challenged (Jaipur Foot).

During his 35-year-long political career, he has served on the National Executive and held several important positions in the BJP including the national treasurer. He was also nominated by the Government of India to the Task Force for Interlinking of Rivers. He was the Dy. Campaign In-charge for the Parliament elections in 1991 and played a key role at the central level in all elections since 2004.

He was elected as the Bharatiya Janata Party candidate from Maharashtra for the Rajya Sabha in 2010.

Minister of State for Coal, Power, New and Renewable Energy (2014–17)

Barack and Michelle Obama being welcomed by PM Modi and Minister GoyalMinister Goyal along with PM Modi launching the National UJALA Programme for Street & Home Lighting

Goyal became the Minister of State for Power, Coal, New and Renewable Energy in the Modi government in 2014 and undertook multiple initiatives in his term. Under his tenure, India saw a proliferation of renewable energy through the world's largest renewable energy expansion program. Ministry under him accelerated the mission to provide 24X7 reliable electricity to all households and pushed towards the adoption of clean energy. He introduced the Ujwal DISCOM *urance Yojana (UDAY) to revive debt-ridden power distribution companies and Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) to improve India's energy access.

He initiated and completed the government program to electrify all the 18,000 remaining unelectrified villages of the country. He was awarded the 2018 Carnot Prize for distinguished contributions to energy policy and work in village electrification by the University of Pennsylvania's Kleinman Center for Energy Policy. He also worked for energy efficiency in the country through the Unnat Jyoti by Affordable Lighting for All (UJALA) scheme and reduced the prices of LED bulbs to ₹38 (48¢:US) per piece from ₹310 (US$3.90) in 2014. He revised the Government's target of 20 GW of solar power by 2022 to five times (i.e. 100 GW). Along with this, he also helped the cash-strapped state power distribution companies to turn around.

On 5 July 2016, during the second cabinet reshuffle of the Modi ministry, he was included in the cabinet and took over as the Minister of State for Mines (Independent charge) from Narendra Singh Tomar.

Minister of Railways (2017 – 2021)

Minister Goyal administering the Swachhata pledge, on the occasion of the "Swachhata Hi Sewa" Abhiyan at Old Delhi Railway StationMinister Goyal releasing the souvenir at the inauguration of the International Conference on Green Initiatives & Railway Electrification

Goyal became the Minister of Railways on 3 September 2017 taking charge from Suresh Prabhu. Under his leadership, Indian Railways established a "Zero Accident" railway system and have seen no accidents for the past 22 months. He started 'Plan Bee', a method to prevent elephants from approaching the railway lines. It involves setting up of devices near tracks, which emit the 'buzzing' sound of bees, saving elephants from train accidents.

He launched the first indigenous semi-high speed train Vande Bharat Express between Delhi and Varanasi. In all the mountain railways region of the country, Goyal introduced Vista-Dome coaches, in an attempt to allow the p*engers to enjoy the scenery of the hilly terrains. On 27 February 2019, Piyush Goyal announced a Railway Zone for Andhra Pradesh named South Coast Railway with Waltair Division in Andhra Pradesh along with Guntur, Guntakal and Vijayawada Divisions with the headquarters of the zone being in Visakhapatnam, according to the AP Reorganisation Act 2014.

Goyal announced the 'Clone Train Scheme', wherein it planned to run a clone train with the train of the same number, to help and provide relief to the waitlisted p*engers over heavy p*enger traffic routes. For fighting climate change and making plastic-free India, he announced that tea will be sold in environment friendly 'Kulhads' (earthen cups) in place of plastic cups at all railway stations in the country.

From May through August 2018, he was temporarily given additional charge of Ministry of Finance during Arun Jaitley's absence for medical treatment. Goyal presented the 2019 Interim-Union budget of India in the Lok Sabha on 1 February 2019.

Coronavirus Pandemic

By taking advantage of the COVID-19 lockdown in India, the Indian Railways completed 200 key long pending projects . These projects, according to the Railways officials, included three super critical projects with a combined length of 68:km, three critical projects with a combined length of 45:km, upgradation of the entire 389:km railway line from Jhajha in Bihar to Pandit Deen Dayal Upadhyaya Junction in Uttar Pradesh and a new 82:km port connectivity line to Paradip. During COVID pandemic in India, Goyal got Indian Railways to developed anti-COVID-19 coach to contain the spread of coronavirus. This anti-COVID-19 coach had hands-free water tanks and flushes; copper-coated handles and locks.

During the second wave of the pandemic in India, to overcome the scarcity of Oxygen, the railways under him decided to run Oxygen Express to transport medical oxygen as well as the oxygen cylinders. As of 7 May 2021, the Indian Railways ran "40 Oxygen Express with 161 tankers to deliver a record load of 2,511 metric tonnes of liquid medical oxygen."

Minister of Commerce & Industry (2019 – present)

In May 2019, Goyal continued at the Ministry of Railways and got the Ministry of Commerce and Industry. He aims to discard restrictive States Government policies pertaining to License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. In a bid to systematise the onboarding process of retailers on e-commerce platforms, Goyal directed the Department for Promotion of Industry and Internal Trade (DPIIT) to utilise the Open Network for Digital Commerce (ONDC) to set protocols for cataloging, vendor discovery and price discovery. Goyal aims to provide equal opportunities to all marketplace players to make optimum use of the e-commerce ecosystem in the larger interest of the country and its citizen. Under Goyal's leadership in Jan 2021 India jumped 14 spots in World Bank's Ease of Doing Business rankings taking India to 63rd spot amongst 190 countries.

In a bid to Atmanirbhar Bharat, Goyal launched One District One Product (ODOP) initiative to fuel the economic growth and generate employment within India. The objective of ODOP is to convert each district of India into an export hub by identifying products with export potential in the respective district. Goyal inaugurated 'Prarambh' International Summit, an initiative by Startup India in New Delhi.

Leader of the House in Rajya Sabha (2021 - present)

In July 2021, Goyal was appointed the Leader of the House in Rajya Sabha succeeding his colleague Thawar Chand Gehlot.

Deputy Leader of the House (2019 - 2021)

In June 2019, he was appointed the Deputy Leader of the House in Rajya Sabha.

Minister of Consumer Affairs, Food & Public Distribution (2020 – present)

Minister Goyal addressing the media

After the demise of Ram Vilas Paswan, he took over the additional charge of the Ministry of Consumer Affairs Food & Public Distribution on 9 October 2020.

After taking charge, Goyal announced the strengthening and modernising of the Food Corporation of India. He also emphasised that the procurement system at Minimum support price (MSP) will continue and Food Corporation of India (FCI) will be committed to serving farmers. To ensure that all the migrant labor community can draw their allotted ration anywhere in the country Goyal called for speedy implementation of One Nation One Ration Scheme. At the 3rd Governing Council meeting of the Bureau of Indian Standards (BIS), Goyal directed to cut quality testing charges for MSMEs, Startups and Women Entrepreneurs.

Goyal also directed the Department of Consumer Affairs to focus and ensure on quality and quan*y of products, processes and services to the consumers by way of the BIS Act, 2016 and Legal Metrology Act, 2009.

Personal life

He is married to Seema Goyal, an active social worker, and they have two children. His son Dhruv Goyal works at Evercore (investment banking) while his daughter Radhika Goyal works at Bain (consulting).

References

External links

• Media related to Piyush Goyal at Wikimedia Commons
• Official website

Expenditure

• Pay Commission
• 7th Central Pay Commission (CPC) and Defence Forces
• Sixth Central Pay Commission

Revenue

• Income Tax Department
• Central Board of Indirect Taxes and Customs

Financial Services

• Pradhan Mantri Jan Dhan Yojana

DIPAM

• Disinvestment in India
• Disinvestment of Public Sector Units in India

DPE

• Efficient monitoring of the capital expenditure
• *et monetisation and financial health of the Central Public Sector Enterprises (CPSEs)

SecretariesFinance Ministers

• R. K. Shanmukham Chetty
• John Mathai
• C. D. Deshmukh
• T. T. Krishnamachari
• Jawaharlal Nehru
• Morarji Desai
• Sachindra Chaudhuri
• Indira Gandhi
• Yashwantrao Chavan
• Chidambaram Subramaniam
• Hirubhai M. Patel
• Charan Singh
• Hemwati Nandan Bahuguna
• R. Venkataraman
• Pranab Mukherjee
• Vishwanath Pratap Singh
• Rajiv Gandhi
• N. D. Tiwari
• Shankarrao Chavan
• Madhu Dandavate
• Yashwant Sinha
• Manmohan Singh
• Jaswant Singh
• P. Chidambaram
• I. K. Gujral
• Arun Jaitley
• Piyush Goyal
• Nirmala Sitharaman (in*bent)

Ministers of State
for Finance

• Nirmala Sitharaman
• Jayant Sinha
• Arjun Ram Meghwal
• Pon Radhakrishnan
• Anurag Thakur
• Bhagwat Karad (in*bent)
• Pankaj Chaudhary (in*bent)

Chief Economic
Advisor

• JJ Anjaria
• IG Patel
• IG Patel
• VK Ramaswamy
• Ashok Mitra
• Manmohan Singh
• RM Honavar
• Bimal Jalan
• Nitin Desai
• Deepak Nayyar
• Shankar Acharya
• Rakesh Mohan
• Ashok K Lahiri
• Arvind Virmani
• Kaushik Basu
• Raghuram Rajan
• Arvind Subramanian
• Krishnamurthy Subramanian
• V. Anantha Nageswaran (in*bent)

Finance Commissions

• 1st
• 2nd
• 3rd
• 4th
• 5th
• 6th
• 7th
• 8th
• 9th
• 10th
• 11th
• 12th
• 13th
• 14th
• 15th

DPIITSecretaries

• Guruprasad Mohapatra(in*bent)

MinistersMOS

• Hardeep Singh Puri(in*bent)

New and
Renewable Energy

• Solar Energy Corporation of India (SECI)

Ministry of Coal

• Coal India
  • Bharat Coking Coal
  • Central Mine Planning and Design Ins*ute
• NLC India Limited
• Singareni Collieries Company
• Coal Mines Provident Fund Organisation

Petroleum and
Natural GasDepartment of
Atomic EnergyLok Sabha members from Maharashtra15th Lok Sabha (2009–2014)16th Lok Sabha (2014–2019)