Union Budget 2026–27 makes strong push for MSMEs, signals stability and cautious optimism
Union Budget 2026-27 makes a strong push for MSMEs, with a Rs 10,000-crore SME Growth Fund; besides, it enables faster payments via mandatory TReDS for CPSE purchases. Overall, the Budget emphasizes fiscal prudence, infrastructure creation, and ease of doing business. For a sector navigating global uncertainty, shifting consumer preferences, and rising compliance standards, it is stability that the enabler.
Domestic Gold Jewellery Industry Set for Strong Growth in FY25, Despite Volume Challenges: ICRA Report
The domestic gold jewellery industry is projected to grow by 14-18% year-on-year in FY25, according to an ICRA report, despite expected volume contraction
Investors Turn to Gold ETFs Amid Absence of Sovereign Gold Bonds and Favorable Tax Changes
Investors are increasingly turning to gold ETFs amid the lack of new Sovereign Gold Bonds, driven by favorable tax changes and geopolitical uncertainties
GJEPC and Customs Officials Convene to Address Key Challenges in Diamond and Jewellery Industry
On August 17, 2024, representatives from the Gem and Jewellery Export Promotion Council (GJEPC) and Customs officials held a crucial meeting to address key issues affecting India's diamond and jewelry industry
Jewellery Stocks Glitter for Second Consecutive Day Following Customs Duty Reduction; Kalyan Jewellers Soars 15%
Jewellery stocks continued their upward momentum for a second straight day on Wednesday as investors responded positively to the reduced customs duties
Budget 2024-25 a recipe for growth, industry leaders say
Finance Minister Nirmala Sitharaman’s Budget has been hailed by the gems and jewellery industry, with stakeholders calling the duty cuts a long-awaited step in the right direction
Budget 2024: Custom duty on gold and silver reduced to 6%; safe harbour rates for mining companies introduced
In a significant boost to the gems and jewellery industry, Finance Minister Nirmala Sitharaman announced a reduction in customs duties on precious metals. The customs duty on gold and silver has been slashed from 15% to 6%, while the duty on platinum has been lowered from 15.4% to 6.4%
GJEPC: India's Trade Pact with Europe's EFTA Expected to Triple Gem & Jewellery Exports
GJEPC anticipates that India's newly established trade agreement with Europe's EFTA will significantly boost gem and jewellery exports, potentially tripling current figures
All India Gem & Jewellery Council Seeks Customs Duty Reduction in Pre-Budget Recommendations
The All India Gem & Jewellery Domestic Council advocates for a reduction in customs duties, presenting crucial pre-budget recommendations
Proposed FTA with UAE to boost jewellery exports
FTA enables two trading partners to reduce or eliminate customs duties on the maximum number of goods traded between them
Fasten your seat belts: Govt may increase import duty on more than 50 items and jewellery could be one of them
The council and members of the trade have been constantly requesting the government to give them some respite from the harsh impact from the hike in import duty - a further hike on import duty might be disastrous for the industry
Smuggling act invoked against three in gold jewellery diversion case
Provisions of the stringent Cofeposa have been invoked against the three accused, including the father and son duo, allegedly involved in diversion of gold jewellery meant for export.
D'damas unveils its first exclusive store in Hubli
The store was inaugurated by well-known Kannada actress Daisy Bopanna.
What's new at Gems & Gemology?
Lead story - 'Latest-Generation CVD-Grown Synthetic Diamonds from Apollo Diamond Inc'
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