Government tightens rules for duty-free gold imports, caps quantity at 100 kg per licenceThe Directorate General of Foreign Trade has introduced new rules for duty-free gold imports by gems and jewellery exporters. These measure...
Containing war impact on growth, current account: PMO stitching up plan to boost foreign fund flowOfficials at both the finance ministry and Niti Aayog are identifying economic opportunities presented by the Iran conflict, as well as gau...
Amid PM Modi's 'no gold buy' appeal, a scheme that planned mobilisation of idle gold at homes gets spotlightThe gems and jewellery sector is urging the government to strengthen the Gold Monetisation Scheme. Industry bodies believe domestic gold mo...
Meta’s Q1 earnings show AI driving engagement, ad gains across platformsMeta's AI advancements are boosting user engagement and ad revenue significantly. Higher video consumption on Instagram and Facebook, coupl...
India reviews export ecosystem, pushes MSMEs, agri exports and Brand India focusUnion Minister Piyush Goyal reviewed efforts to boost India's exports. The focus is on better implementation, coordination, and monitoring....
FM Nirmala Sitharaman bullish on gems & jewellery sector opening new skilled job opportunitiesA significant grant supports lab-grown diamond research at IIT Madras. The Finance Minister inaugurated a new jewellery institute in Udupi....
Nirmala Sitharaman inaugurates Gems and Jewellery Institute campus in UdupiUnion Finance Minister Nirmala Sitharaman inaugurated the Indian Institute of Gems and Jewellery in Udupi. The centre provides professional...
India-NZ FTA: GJEPC targets 200% export growth to $50 million in 3 yearsThe pact offers zero-duty access, expected to boost exports from $16.61 million to nearly $50 million in three years. This agreement provid...
India’s $85 billion gems & jewellery sector gets policy fillip, closes in on Dubai, Hong KongThe recent FTWZ expansion by the government is expected to create more opportunities for India’s jewellery sector and elevate the country's...
GeM facilitates over Rs 38,500 crore in transactions for over 30,000 startupsThe government e-marketplace (GeM) has enabled over Rs 38,500 crore in transactions for 30,000+ startups, reinforcing its position as a tru...
GeM Sahay lenders are seeking repayment support from portalThis pilot project aims to validate cash-flow-based lending for MSMEs, with GeM acting as the loan service provider (LSP). It is built on t...
GeM enabled govt to save over Rs 45,000 crore since 2016: Commerce ministryThe Indian government's e-procurement portal, GeM, has helped the government save over Rs 45,000 crore since its launch in 2016, according ...
Govt e-marketplace GeM achieves Rs 1 lakh crore GMV in FY23 aloneCumulatively, GeM has surpassed the Rs 3 lakh crore GMV since inception, and the total number of transactions on GeM also recently surpasse...
Commerce minister Piyush Goyal calls for strong legal action against frauds by entities on GeMGeM’s initiatives for tight monitoring and anomaly detection in procurement, including use of AI-ML (artificial intelligence and machine le...
Government e-Marketplace portal is beating Amazon, Flipkart on discounts: Economic Survey 2021-2210 out of 22 commodities in the sample were cheaper on the GeM portal as compared to other platforms.
GeM took several steps for easy procurement of critical health equipment: CEOThe Commerce Ministry launched Government e-Marketplace (GeM), an online platform for public procurement, in August 2016 with the objective...
Arunachal Pradesh partners with government e-Marketplace under Union Ministry of Commerce and IndustrySo far 6 states have signed MoUs with GeM including Arunachal Pradesh. The other states are Gujarat, Telangana, Puducherry, Assam and Andhr...