A citizen-friendly budget not quite jeweller friendly
One of the biggest demands of the gems and jewellery sector was for the government to bring down the customs duty on gold to 10 per cent to eliminate smuggling – but the demand went unheard yet again
GJC, BSE to promote e-gold receipt, IIBX
The pact will explore potential business and facilitate growth by sharing knowledge and expertise to promote the launch of the India International Bullion Exchange at GIFT city, IFSC
BSE to introduce Electronic Gold Receipts
The exchange will take the required internal approvals and apply to market regulator SEBI for the launch of the new class of security on its platform
SEBI member says gold imports should be routed through exchange ecosystem
Such a step would ensure that gold monetisation takes place right at the source as the metal enters the country
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