Jewellery retailers and
manufacturers across India commenced their 3-day strike from today to protest the proposed re-imposition of 1
per cent excise duty and mandatory PAN cards for any transactions of Rs. 2
lakh and above.....Read More
Wednesday, 2 March 2016
Polished diamond prices firm in February
Polished diamond
prices rose in February continuing the uptrend evident since November.
Shortages continue to support the market while trading slowed during the month
as dealers in China and Hong Kong took vacation during the Chinese New Year
period....Read More
Jewellery duty may dim start-ups prospects
Finance Minister Arun Jaitley’s Budget announcements were in line with
the expectations of most start-ups. It was an affirmation of what had been
promised by Prime Minister Narendra Modi at the ‘Startup India’ initiative in
January.....Read More
#AOJQuote of the day 2nd March 2016
“I
have written to Finance Minster to reconsider the introduction of excise duty
on jewellery and help the industry to make atmosphere positive for business man
to work.”
Nitin Gadkari, Minister for Road Transport, Govt of India
Investors in gold bond schemes exempted from capital gains tax at the time of redemption
The Centre has turned a
great sales person. To make its pet gold bond scheme more attractive, it has
exempted investors in these bonds from capital gains tax at the time of
redemption....Read More
Tuesday, 1 March 2016
Quote of the day 1st March 2016:
“The imposition of excise would severely impact jewellery production in India resulting in loss of employment to the uneducated but skilled jewellery workers.”
Praveenshankar Pandya, Chairman, GJEPC
Praveenshankar Pandya, Chairman, GJEPC
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