Kalyan Jewellers Launches Gold4India Initiative to Promote Gold Recirculation
Kalyan Jewellers launched the Gold4India Initiative on May 12 to promote gold recirculation, reduce import dependence by five tonnes, formalise monetization channels, and encourage responsible jewellery consumption in India.
GJC Opens Mumbai Office, Submits Gold Monetization Scheme Roadmap
The All India Gem & Jewellery Domestic Council inaugurated its Mumbai office on May 14 while urging industry support for revised gold duty measures and proposing a structured Gold Monetization Scheme roadmap.
GJC’s Gems and Jewellery Banking Summit Advocates for Enhanced Financing Support
All India Gem & Jewellery Domestic Council (GJC) hosted an inaugural one-day Gems and Jewellery Banking Summit at the Jio World Convention Centre in Mumbai
GJEPC's First-ever Member Outreach Initiative, GJEPC Connect, Debuts In Mumbai
GJEPC held a member outreach programme, titled GJEPC Connect, to increase awareness and facilitate business and trade
GJC seeks reduction of GST on jewellery to 1.25% from 3%
GJC has also urged the Finance Minister to raise the PAN card limit from Rs 2 lakh to Rs 5 lakh, citing that many households in rural India do not hold PAN
Industry Revels in New Budget Announcements-Union Budget 2021
Customs duty on gold and silver decreased to 7.5 per cent from 12.5 per cent with an addition of 2.5 per cent AIDC (Agri Infra & Development Cess) – in effect reduced to 10 per cent -- applauded unanimously by the whole G & J industry
New Gold Deposit Scheme: What it Means for Jewellers & Customers?
Under the revamped Gold Monetising Scheme (GMS) which was first introduced in 2015, consumers can deposit as little as 10 g (from previous minimum of 30g). This will aid in lowering the industry’s dependence on imported gold and will foster a better relationship between jewellers and customers
Reduction In Customs Duty On Gold And Silver Brings Huge Relief to G & J Industry
Customs duty on gold and silver decreased to 7.5% from 12.5% with an addition of 2.5% AIDC (Agri Infra & Development Cess) – in effect reduced to 10% -- applauded unanimously by the whole G & J industry
GJC bats for rollback on gold import duty hike
The lack of demand in the gem & jewellery has resulted in many craftsmen and artisans being out of work and shifting to other businesses, where they are getting employment
Domestic council for G&J to be inaugurated on the 29th of January
The Council will be inaugurated by the Honourable Union Minister Suresh Prabhu
Union Budget Favourable for Gold but Detrimental for the Diamond & Gemstone Industry Owing to Doubling of Customs Duty to 5 Per Cent
While announcements for gold seemed positive, the industry mourns the Government’s decision to increase customs duty to 5 per cent on polished diamonds as well as gemstones.
A Few Golden Steps Towards a Gold Census: MP Ahammed
The demonetization move aims to reduce India’s dependence on Gold imports, which has a direct bearing on current account deficit and rupee value.
Deadlock continues amongst monetary and loss of lives
Jewellers strike enters 41st day; jewellers have approximately lost Rs. 40,000 crore so far
FM proposes gold monetization scheme; gold recycling to get a boost
Gold monetization scheme, develop sovereign gold bond and more in the #Budget2015
FM proposes gold monetization scheme; gold recycling to get a boost
Gold monetization scheme, develop sovereign gold bond and more in the #Budget2015
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