MATASCO PRESCOOP

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;…

Union Minister Shri Kalraj Mishra to unveil the same on February 21, 2015 on the occasion of National Jewellery Awards 2015
ØUnique credential and legitimate business undertaking for members ØJID offers a variety of value additions that no other comparable ID card does ØGJF’s Founder, Life & 5-year members eligible to nominate/ recommend employees ØRecognised, Supported & Endorsed by MSME Union Ministry
Mum Feb 18, 2015: All India Gems and Jewellery Trade 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 introduced a first-of-its-kind Jewellers Identity Card (JID), a unique and smart identity card establishing the credential and legitimate business undertaking of its member jewelers and their employees. Union Minister Shri Kalraj Mishra will unveil the same on February 21, 2015 on the occasion of annual GJF event - National Jewellery Awards 2015 in Mumbai.
JID is a unique id…

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…