The Union Minister for Consumer Affairs, Ram Vilas Paswan, has launched an online system for the registration of jewellers for gold hallmarking, with the aim of increasing ease of doing business in the sector.
The Gem and Jewellery Export Promotion Council has praised the Union Government Ministry of Finance for its decision to relax pending IGST refunds on exports, as jewellery exporters feel the financial strain of lockdown.
India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports, officials and industry sources said.
The upcoming KP Plenary Meeting to be held in New Delhi from November 18 to 22 could be a “watershed moment” for the organisation which works to ensure diamonds are ethically sourced, according to the WDC’s President.
The United States and India are racing to negotiate a limited trade deal that U.S. President Donald Trump and Indian Prime Minister Narendra Modi can sign at the United Nations General Assembly in New York.