RJ Market Watch
Tamil Nadu CM launches scheme to melt gold jewellery belonging to temples into gold bars
Chennai: Tamil Nadu Chief Minister MK Stalin has launched a scheme to melt gold received from devotees as offerings in temples into 24-carat gold bars.
The gold monetisation scheme has been launched in three famous temples of Samayapuram, Thiruverkadu and Irukkankudi.
This comes after Tamil Nadu BJP moved the Madras High Court challenging the decision of the state government to melt gold offerings into gold bars and deposit them in nationalised banks.
The state government yesterday informed the high court that the melting of gold jewellery belonging to the temples in Tamil Nadu was not a new phenomenon and was being done since 1977.
Advocate-General R Shanmugasundaram, appearing for the Tamil Nadu government told a vacation bench of Justices R Mahadevan and Abdul Quddhose, as much as five lakh grams of gold jewellery had been melted since 1977.
He made the statement during the hearing of petitions against the September 9 and 22 notifications of the Hindu Religious and Charitable Endowments (HR&CE) department.
Courtesy: Times Now News
With ‘Uncut Conversations’, Zaveri Bros Diamonds & Gold seeks to build deep, meaningful customer relationships
Thangals Jewellery celebrates International Women’s Day by recognizing employees at its all-women showroom in Dubai
Kirthi Diamonds’ new capsule collection is influenced by iconic characters and elements from Harry Potter films
Abharan Jewellers’ contest asks brides-to-be to document their in-store wedding jewellery shopping journey
India has overtaken China to become second largest diamond market: De Beers CEO Al Cook
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
Wide Angle4 weeks agoIndia has overtaken China to become second largest diamond market: De Beers CEO Al Cook
- Daily News1 month ago
US-based private equity firm Advent International to acquire Orra Fine Jewellery, say media reports
- Exclusive2 months ago
The House of Rose debuts in Mumbai with a 21,000 sq. ft. experiential concept space showcasing fine jewellery and luxury watch brands
- Wide Angle1 month ago
Eminent jeweller Viren Bhagat sets up first global boutique in London’s Mayfair
