Jewellers to strike indefinitely in Pune from June 7 onward
Pune Jewellers have announced to observe an indefinite strike from June 7 onward to protest against the decision of the Pune Municipal Corporation to increase the octroi on gold from 0.35% to 3% from April 1st onward.
By ET Bureau |
PUNE: Pune Jewellers have announced to observe an indefinite strike from June 7 onward to protest against the decision of the Pune Municipal Corporation to increase the octroi on gold from 0.35% to 3% from April 1st onward.
The Pune Saraf Association has informed through a press release. "The hike in octroi is coercive. The octroi adds to the gold and silver prices by Rs 660/10 grams and Rs 600/kg respectively," said Pune Saraf Association president FN Ranka. The Association has claimed that the hike in octroi has affected sales at all the jewellery shops.
The Pune Saraf Association has informed through a press release. "The hike in octroi is coercive. The octroi adds to the gold and silver prices by Rs 660/10 grams and Rs 600/kg respectively," said Pune Saraf Association president FN Ranka. The Association has claimed that the hike in octroi has affected sales at all the jewellery shops.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
