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.
Budget 2025-26 has put India on the Growth Path, Industry Leaders say
Industry leaders have praised the Union Budget for boosting consumer demand through tax reforms, increasing disposable income, and supporting economic growth
GJC seeks reduction of import duty on gold to 4%
The gem and jewellery industry has sought reduction in customs duty on gold to four per cent, withdrawal of tax collected at source (TCS), cut in import duty on polished precious and semi-precious gemstones, in the upcoming Union Budget 2021-22
What has become of the colour gemstone world?-The State of India's Colour Gemstone Industry
glorious industry, resplendent in colour gemstones in myriad hues, is experiencing the vicissitudes that coronavirus has brought with it. With almost no business in the months of March & April, the industry is slowly starting to regain its strength; one gemstone at a time says Vijetha Rangabashyam
GJS Virtual Swarnotsav was an Emerging Catalyst For Change
GJS Virtual had organised Swarnotsav, which began on October 5 and concluded on October 10. The show gave a boost to the G&J sector
IGPC (IIM-A) to find ways bring household gold in circulation
A centre at the Indian Institute of Management Ahmedabad (IIM-A) is conducting a nation-wide survey to finalize the list of incentives to bring into circulation a part of the 25,000 tonnes of household gold into circulation
Titan lowers growth expectations for FY20 on account of demand slowdown
For the June quarter, the Bengaluru-headquartered company recorded 20% year-on-year growth in revenue in the watches segment, driven by a large order from another group firm, TCS
Jewellery to Become Cheaper as TCS to be Excluded in Computing GST
The CBDT has clarified that TCS is not a tax on goods but an interim levy on the possible "income" arising from the sale of goods by the buyer and to be adjusted against the final income-tax liability.
Buying jewellery over Rs. 2 lakh in cash to attract 1% tax from April 1
Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods which attract 1 per cent TCS on cash purchase of above Rs. 2 lakh.
Budget for better India, Gems and Jewellery industry calls it a positive budget
Income tax for small companies with an annual turnover of Rs 50 crore, now to pay 25%, a 5% reduction; 96% Indian companies will get benefit of MSME tax cut.
Foreign a/c, property, bullion can't be disclosed under PMGKY
Only unaccounted domestic cash holding can be declared through the new Income Disclosure Scheme and not jewellery, stocks, immovable property or overseas accounts.
Government rolls back 1 per cent TCS on cash purchase of gold jewellery
Industry appreciates the step as favourable for the industry
Government rolls back 1 per cent TCS on cash purchase of gold jewellery
Industry appreciates the step as favourable for the industry
Government rolls back 1 per cent TCS on cash purchase of gold jewellery
Industry appreciates the step as favourable for the industry
Titan anticipates Rs. 1,400 crore revenue from gold scheme next fiscal
New GHS, in spite of being compliant with interest rates, had lost steam due to regulations and Titan faced a tough time this fiscal wooing its customers back.
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