Showing posts with the label Arun Jaitley

GJF hails Union Budget and gold related initiatives,seeks more support for Make in India related gems & jewellery initiatives

Urges Govt. to reduce gold import duties to curb black money economyGST regime welcomed but high service taxes, cess will negatively impact jewellery salesFine print awaited; implementation holds the key to gold monetisation schemeUrges Govt. to allow only jewellers; not banks to be allowed to sell Ashoka Chakra gold coins or as investment proposition to consumers to prevent rise in CADMore Make in India measures needed for manufacturing & jewellery hub
Mumbai, March 3, 2015: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, has hailed the Union Budget FY2016 presented by Finance Minister Shri Arun Jaitley as progressive growth oriented long term economic blueprint. GJF praised the ‘change in attitude’ of the new Government which has progressively stimulated several positive changes in policy such as abolition of 80:20 Rule;…

All India Gems & Jewellery Trade Federation welcomes Govt’s move to abolish 80:20 Rule; seeks duty cut to curb smuggling

GJF urges Prime Minister to include gems & jewellery in ‘Make in India’ initiative GJF also proposes unlocking of idle gold in households & trusts to reduce CAD GJF seeks nodal Ministry for representing the domestic gems & jewellery sector
December 1, 2014: All India Gems and Jewellery Federation (GJF), the national nodal and the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India, has welcomed the Government’s move to abolish the 80:20 Rule for gold imports and expressed its gratitude to Prime Minister Shri Narendra Modi, Union Finance Minister Shri Arun Jaitley, Smt. Nirmala Sitharaman (Union Minister of State for Commerce & Industry) and all bureaucrats from the relevant ministries and Reserve Bank of India. The move to abolish 80:20 Rule comes close on the heels of GJF’s letter to Prime Minister Shri Modi last week and persistent efforts with key policy makers for more than 12 months. It also comes as a relief t…