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NITIN KHANDELWAL
Maharashtra traders defy partial curbs, support complete lockdownThe associations said if the state government continues with the selective restrictions aimed at curbing the spread of Covid-19, they would...- Jewellers see 10-20% silver rally; stock coins, utensils for festivalsOn Wednesday, silver prices in global markets were around two-year highs.
- Pre-Dhanteras high prices, cash crunch take sheen off gold this seasonIf the sluggish sentiment prevails this will be the second consecutive year of poor sales.
- Absence of GST refund mechanism hits gold demand from tourists, NRIsThe Integrated Goods and Services Tax Act of 2017 allows a foreign national or an NRI, who enters India for a stay of less than six months,...
- ‘Small jewellers, who want Rs 50 cr loan, are now being seen as the next Nirav Modi’The national trade federation believes the likes of Nirav Modi have tarnished the industry’s image.
- Jewellers & bullion traders spar over gold import dutyThe All India Gem & Jewellery Trade Federation (GJF) has sought the duty to be reduced to 4% from 10% in the upcoming budget.
- Jewellers hail revision of GST rule for gold savings schemesAIGJTF chairman said that jewellers were finding it difficult to convince customers in small towns, villages that advance amount paid by th...
- Demonetisation spoils gold appetite, demand fallsThe impact of demonetisation continued through January and February with some pick-up in demand during Akshay Tritiya.
- Banks may resume consignment import of gold next weekGovernment had earlier decided to allow banks to pay the GST on gold at the time of sale instead of import.
- All India Gem & Jewellery Federation, DGSTI to meet to discuss PMLAThe meeting comes amid claims by jewellers of gold ornament sales having fallen 30-40% y-o-y this Dushera because of the harsh provisions o...
- Council may slash GST on jewellery making charges to 3%An 18% GST on making charges could increase the indirect tax incidence on customers to over 4% from the 3% GST that will become effective f...
- Traders Want GST on Gold to be Below 2%, Meet on June 3The GST Council fixed the rates for 1,211 items under four GST slabs.
- Gems & jewellery trade fully ready for GST roll out from JulyGems and Jewellery Trade Federation has met finance ministry officials as well as several state finance ministers on the issue and explain ...
- Weddings, Akshaya Tritiya to lift gold demand"Akshaya Tritiya 2017 will herald a boom for the jewellery sector," said Nitin Khandelwal, Chairman, GJF.
- Gems and jewellery trade ready with GST softwareThe federation welcomed GST but at the same time expressed concern about some aspects, which if not addressed would affect the entire indus...
- Trade pitches for lower GST on jewelleryKerala is the largest consumer of jewellery among 29 states, accounting for around 40-50 tonnes each year, said Chirag Sheth, research cons...
- Economic Survey stokes fears of higher duty on gold jewelleryAccording to the Economic Survey 2016-17, the subsidy on gold works out to be 0.08% of GDP, or Rs 10,800 crore (overall GDP Rs 135 lakh cro...
- Rural gold demand up, but not good enoughGold sales had dropped 75-80% just after the government announced demonetisation but stability in gold prices last month coupled with bette...
- Drought dents India gold demand; prices still appealingNearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no a...
- SC's ruling on stolen vehicle's insurance claimThe Supreme Court has ruled that even if there are certain breaches of conditions, the insurance company was under an obligation to indemni...
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