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Tag "Union Budget"

Gold on correction path as support factors weaken

Gold on correction path as support factors weaken 0

🕔12:26, 7.Feb 2020

What propelled gold to reach a staggering price level of $1,580 a troy ounce recently is now set to negatively hit the precious metal and drag it down as dramatically as it rose. We are referring to the ongoing epidemic

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Import duty on gold coins raised to 12.5%

Import duty on gold coins raised to 12.5% 0

🕔19:18, 3.Feb 2020

The Budget has increased the import duty on gold coins to 12.5 per cent from 10 per cent, making it on a par with that of bullion. The demand for bars and coins in India doubled to 45 tonnes in

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Businesses pitch for gold import as Budget proposes bullion exchange

Businesses pitch for gold import as Budget proposes bullion exchange 0

🕔18:47, 3.Feb 2020

The Union Budget’s proposal for an international bullion exchange at the financial hub in Gujarat’s GIFT City has made businesses hope that the rules will be relaxed to allow gold import once that bourse starts trading. Finance minister Nirmala Sitaraman said on

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Budget 2020: Diamond exporters want relief as export slump continues

Budget 2020: Diamond exporters want relief as export slump continues 0 Updated

🕔13:07, 10.Jan 2020

Data from the Gem and Jewellery Export Promotion Council shows a 1.9 per cent fall in the country’s gross shipment last month, from a year before, to $2,435.9 million (Rs 17,300 crore). That brings the overall fall in the current

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First time since Budget, gold trading at 0.5% premium over landed cost

First time since Budget, gold trading at 0.5% premium over landed cost 0

🕔18:52, 15.Nov 2019

Even as demand for gold remains weak, its price has seen some turnaround in the past two months. The yellow metal now trades at a 0.5 per cent premium over its landed cost, compared to a 4 per cent discount

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High import duty threatens jobs in gold jewellery sector in Rajasthan

High import duty threatens jobs in gold jewellery sector in Rajasthan 0 Updated

🕔13:39, 27.Aug 2019

Gold and gems jewellery sector in Rajasthan has been facing a severe slump. India Today TV visited the old Jaipur city to find out the situation of artisans, how they had been coping with the slowdown in the jewellery sector

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Jewellery sector to shine despite duty hike and regulatory issues, says Stephen Lussier of De Beers

Jewellery sector to shine despite duty hike and regulatory issues, says Stephen Lussier of De Beers 0 Updated

🕔19:07, 24.Jul 2019

Increase in gold duty proposed in the Union budget and hike in taxes on the wealthier segments of the population are unlikely to hurt the jewellery sector, Stephen Lussier, Executive VP, Marketing, De Beers Group, said. “We look at these

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Gem and jewellery industry seeks lower customs duty on gold

Gem and jewellery industry seeks lower customs duty on gold 0 Updated

🕔13:09, 25.Jun 2019

KOLKATA: The gem and jewellery industry Monday approached the government for a reduction in customs duty on gold in the Union Budget for fiscal 2019-20, to be tabled in Parliament on July 5. At present, the customs duty on gold is 10

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Hon’ble Finance Minister Convenes Pre-Budget Consultations; GJEPC Chairman Presents Industry Proposals

Hon’ble Finance Minister Convenes Pre-Budget Consultations; GJEPC Chairman Presents Industry Proposals 0 Updated

🕔19:02, 13.Jun 2019

The Hon’ble Finance Minister Smt Nirmala Sitharaman today convened a meeting in Delhi with leaders of different industry segments as part of the pre-budget consultations. The meeting was attended by Hon’ble Minister of State for Finance and Corporate Affairs, Shri

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