Jewellers getting more inquiries for gold after RBI withdraws Rs.2,000 notes; no panic buying
Jewellers in India have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs.2,000 notes from circulation.
Decoding PMLA Rules & Regulations-PMLA Regulations
The recent PMLA notifications issued to the G & J industry had the G & J industry reeling under its pressure and anxiety for sometime; Rohan Shah in conversation with Colin Shah, Chairman GJEPC comes forward to clear the air
Gold Prices Top Rs 45,000
A similar price hike was witnessed in November 2016, when demonetisation was announced and people rushed to buy gold, using old currency notes
Jewellers sent Notices to Pay Taxes on Revenues Earned soon after Demonetisation
About 15,000 Indian jewellers have been sent tax demands
Demonetisation for Jewellery Industry: Then & Now
It’s been a year since the demonetization decided to implement demonetization. Hers’s a look at what worked and what didn’t.
Government Enforces New Money Laundering Rules for the Jewellery Industry
The notice which was issued on 23rd August says that Jewellers with a turnover of Rs 2 Cr will be covered under the Prevention of Money Laundering Act 2002.
Is Gold the New Currency?
Demonetization of Rs. 500 and Rs. 1000 currency notes
Demonetization to take shine off gems & jewellery: CARE report
Though export market and large diamantaires in the organised sector may not be impacted much, small and medium players, carrying out local trade and sourcing, are expected to feel the pinch of currency recall exercise, it pointed out.
Is gold all set to get its sheen back?
Gems and jewellery industry welcomes PM Narendra Modi's decision to ban Rs. 500 and Rs. 1000 currency notes.
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