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;…
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;…