Gems and jewellery exports drop 14 per cent

While the Commerce and Industry minister Piyush Goyal has asserted that 20 per cent growth in exports was necessary for the country to become $5 trillion economy, gems and jewellery, a major category in the export basket, continued its downward trend and declined 14 per cent in August. Chennai: While the Commerce and Industry minister Piyush … Read more Gems and jewellery exports drop 14 per cent

Gems and jewellery sector seeks cut in gold import duty to 4 per cent

MUMBAI: On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought a reduction of gold import duty to 4 per cent to check to smuggle in a big way. In representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 per cent import duty on … Read more Gems and jewellery sector seeks cut in gold import duty to 4 per cent

No liquidity crisis in any segment barring gems & jewellery sector: Satish Marathe

Barring the gems and jewellery sector, there is no liquidity crisis for any segments in the economy, Satish Marathe, the government-nominee member on the central board of the Reserve Bank, said on November 29. He also said the spike in the cost of funds is due to an increased risk perception, and not due to … Read more No liquidity crisis in any segment barring gems & jewellery sector: Satish Marathe

Budget to have sops for textile, gems and jewellery sectors

NEW DELHI: Taking a cue from the Gujarat elections, the finance ministry is planning to dole our special package for the textile and gems & jewellery sectors in the upcoming Budget. Despite badly hit by the GST, people in the state decided to vote for the economic agenda of the Bharatiya Janata Party government. “There … Read more Budget to have sops for textile, gems and jewellery sectors