Minister of Power Piyush Goyal is guest at Express Adda today

A chartered accountant and a former treasurer of the BJP, Goyal is seen in his party as bridging the divide between the financial hub of Mumbai and the power capital of Delhi.

By: Express News Service | New Delhi | Updated: November 27, 2016 3:57 am
Demonetisation, Piyush Goyal, Piyush Goyal Express Adda, Piyush Goyal Demonetisation Piyush Goyal, who has emerged as one of the ministers the Modi government frequently turns to in crisis situations, will be the guest at the Express Adda on Sunday. (Express photo by Ravi Kanojia)

As the government tries to fight problems arising out of the scrapping of Rs 500 and Rs 1,000 notes, Prime Minister Narendra Modi on November 21 named Union minister Piyush Goyal to a two-member ministerial committee set up to identify areas which need a boost to promote cashless transactions in the country. Goyal, who has emerged as one of the ministers the Modi government frequently turns to in crisis situations, will be the guest at the Express Adda on Sunday. Holding the important portfolio of Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines, Goyal has begun work on a framework for India’s transition to a cashless economy, along with Information Technology Minister Ravi Shankar Prasad.

A chartered accountant and a former treasurer of the BJP, Goyal is seen in his party as bridging the divide between the financial hub of Mumbai and the power capital of Delhi. He is believed to have the Prime Minister and BJP president Amit Shah’s ears.

As part of his portfolio, Goyal is working on providing electricity to all villages in the country by May 2017 — a year before the 1,000-day deadline set by the Modi government. He has said he wants to increase the country’s overall renewable capacity by more than five times, to 175 GW, by 2022.

Under him, the power and coal sectors have seen the launch of the Ujwal DISCOM Assurance Yojana (UDAY), which aims to turn around loss-laden distribution utilities through efficiency improvements. He is also overseeing the auction of coal blocks that were cancelled by the Supreme Court in 2014.

Goyal is personally involved in pushing an ambitious LED distribution scheme too, under which more than nine crore LED bulbs were distributed in 2015-16.

The Express Adda is a series of informal interactions organised by The Indian Express Group and features people at the centre of change. In the past, it has hosted actors Shah Rukh Khan and Kangana Ranaut, economist Amartya Sen, Finance Minister Arun Jaitley, former finance minister P Chidambaram, and cricketers such as Rohit Sharma.

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First Published on: November 27, 2016 3:50 am
  1. S
    Satendra kumar
    Nov 26, 2016 at 10:10 pm
    Cashless economiy will accountable and audited economic with no money laundering illegal business activities tax avoidance.
    Reply
    1. M
      MyTake
      Nov 26, 2016 at 6:19 pm
      To Improve cashless exchanges, debit cards should be distributed freely to all account holders who do not have it, yet. Even if it gives discounted mobiles as rewards, two birds will be killed in one stone - that will enable cashless transfers to and from accounts using different options that are already in the market.lt;br/gt;lt;br/gt;The above should go with a declaration that it will be illegal to keep more than 50,000 Rupee in cash at home unless particular situation/business can justify plus any payment above 5,000 Rupee to be using debit card.lt;br/gt;lt;br/gt;Those who are illiterates on how to use it should be given opportunity to learn it just by using their bio metrics id!
      Reply
      1. M
        MyTake
        Nov 26, 2016 at 6:25 pm
        Working/influence of black money has been to the extent that even some Gods have become God of black money in their dealings with the public! lt;br/gt;lt;br/gt;No wonder India was continuously loosing the spirit to fight even stan, because of its influence on nationallt;br/gt;moral building undnertakings (there in fact was no undertakings to be precise during the Nehruvian era)!
        Reply
        1. L
          LC
          Nov 26, 2016 at 5:06 pm
          Ultimate nonsense....should we give beggars outside temples via Paytm????
          Reply
          1. A
            Ashok Mazumdar
            Nov 27, 2016 at 4:33 am
            This Mantri is a Genuine CA by Profession. He had stated somewhere that he wanted to be a Cricketer, A Spinner.lt;br/gt;lt;br/gt;I think that he Spins Well the Demonitization Debate lt;br/gt;lt;br/gt;He finds it 150% Accurate and talks without looking at the Anchor's questions. He does not pause to think for a while.lt;br/gt;lt;br/gt;He reproduces the Memorised Answer and Looses Steam.
            Reply
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