Under the revamped Gold Monetising Scheme (GMS) which was first introduced in 2015, consumers can deposit as little as 10 g (from previous minimum of 30g). This will aid in lowering the industry’s dependence on imported gold and will foster a better relationship between jewellers and customers
Gems & Jewellery Export Promotion Council Suggests Changes To Gold Deposit Scheme To Make It More Attractive
The Gems and Jewellery Export Promotion Council has proposed changes in the revamped gold deposit scheme
GJEPC’s Recommendations: Modification In The Revamped – Gold Deposit Scheme (R-GDS) and Gold Metal Loan (GML)
GJEPC put forth its suggestions to modify few points within the Revamped – Gold Deposit Scheme (R-GDS) that will enable its larger acceptance and garner additional deposits of idle gold within the country
After the government banned unregulated deposit schemes offered by jewellers, Kalyan Jewellers expects 25 per cent revenue growth from its ongoing regulated jewellery purchase advance schemes
According to a new federal order, there is a ban on unregulated deposit plans where in the consumers are promised installment waivers
The Enforcement Directorate (ED) has attached Mehrasons Jewellers' bank deposits of Rs7 crore, the amount equivalent to the value of alleged assets stashed abroad, in connection with its probe into the Panama Papers case.