Indian Gold Coin Scheme Amended; Buy 1, 2 Gram Coins At Airports, Post Office, Jewellery Shops And Online Soon

  • - 01 April 2021 10:51 AM

The Central Government recently approved several amendments to the Indian Gold Coin Scheme

GJEPC Webinar Presents NSIC Schemes For G&J Sector

  • - 17 February 2021 6:24 PM

GJEPC had organised a webinar for Micro, Small & Medium Enterprises (MSMEs) on the “Benefits of Machinery empanelment for gem and jewellery manufacturers

New Gold Deposit Scheme: What it Means for Jewellers & Customers?

  • - 11 February 2021 12:21 PM

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

Gem And Jewellery Exports Industry An Example Of Aatmanirbhar Bharat And Vocal For Local

  • - 07 December 2020 8:08 PM

The Gem and Jewellery Export Promotion Council (GJEPC) proposes several measures like reduction in cut and polished diamonds to 2.5%, reduction in import duty of gold and other precious metals to 4%, Technology Upgradation Fund (TUF) Scheme for G&J industry; need for additional Common Facility Centres (CFCs) and many more to strengthen the gems and jewellery export sector

Gems & Jewellery Export Promotion Council Suggests Changes To Gold Deposit Scheme To Make It More Attractive

  • - 01 September 2020 10:48 AM

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)

  • - 11 August 2020 4:03 PM

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

PNG Jewellers Announces the ‘Shubh Aarambh’ of this Wedding Season

  • - 11 July 2020 3:56 PM

PNG Jewellers has announced an innovative and unique wedding jewellery scheme

EOW arrests Mumbai jeweller brothers in 300 cr scam

  • - 14 November 2019 12:01 PM

As per police, many people invested large amounts of money in the Ponzi schemes run by the brothers, Rasiklal Shah, 55 and Nilesh Rasiklal Shah, 53

Gold amnesty scheme for India brewing, announcement likely to be made soon

  • - 31 October 2019 1:43 PM

According to sources, gold without receipt will have to be disclosed to the government and tax would be payable based on the rate set by the government

Promotional schemes and new store openings could propel 10-11% growth in retail jewellery sector

  • - 28 June 2019 11:16 AM

This is based on an analysis of 50 CRISIL-rated jewellery retailers, which together account for about half of the revenues of the organised jewellery retail market in India

GJC bats for reduction of gold import duty at 4%

  • - 25 June 2019 4:16 PM


The council also urged that the Gold Monetisation Scheme be made more attractive so that the industry gets better access of domestic gold as raw material

GJEPC conducts seminar for small entrepreneurs and karigars

  • - 24 May 2019 5:27 PM

The seminar was conducted to create awareness about various schemes available for MSMEs and through the National Small Industries Corporation Ltd. (NSIC); and to inform them about banking procedures and documentation and export-import procedures

SBI launches gold loan scheme for gems and jewellery sector

  • - 23 May 2019 3:11 PM

Manufacturers will be able to obtain gold locally from Surat thanks to loan facilities which offers various discounts on existing interest rates

Kalyan Jewellers aims 25 pc revenue growth from jewellery advance purchase schemes

  • - 13 March 2019 11:43 AM

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

New federal order bans extension of gold savings schemes beyond 365 days

  • - 26 February 2019 9:50 AM

According to a new federal order, there is a ban on unregulated deposit plans where in the consumers are promised installment waivers

Titan Jewellery Division Q3 Profit up by 37%; continues to emerge successful in a dull market scenario

  • - 05 February 2019 11:25 AM

Golden harvest and gold exchange schemes are growth drivers, in addition to CaratLane recording a 43% growth, primarily due to network expansion

The 80:20 Scheme Works well for SEZs but not DTAs Say Jewellers

  • - 27 November 2018 12:09 PM

SEZs outperform DTA in gold jewellery export owing to beneficial zero-duty structure. The industry demands for a reduction in customs duty.

ED & CBI should probe 35 jewellery houses for misusing the 80:20 gold import scheme

  • - 03 April 2018 11:10 AM

The revenue secretary and top officials of the ED, the Central Board of Direct Taxes and the Central Board of Excise and Customs had appeared before the panel.

 

Encourage Bullion Investments in Post Offices: IBJA

  • - 15 January 2018 11:30 AM

The Indian bullion dealers and jewellers have requested the government to begin gold accumulation schemes through post offices.

Investing in gold schemes, beware of company ratings

  • - 27 October 2017 3:11 PM

Recently, CARE had moved Nathella Sampath Jewellery to ‘Default’ rating based on the available public information

GJSCI held “Training Partners Meet” to discuss PMKVY 2.0 and way forward

  • - 29 May 2017 2:22 PM

GJSCI organized a Training Partners Meet to discuss priorities of the coming year along with the updates on various schemes and benefits.

Mysore based Manmandir Jewels Accused of Running Ponzi Schemes

  • - 12 April 2017 9:35 AM

A local jeweller has been blamed of robbing thousands of people of their money in the pretext of lotteries and schemes.

GJSCI signs a tri-party agreement with IIGJ and JAJ, Jaipur for its RPL Program under PMKVY scheme

  • - 18 March 2017 11:21 AM

According to the MOU, IIGJ – Jaipur will act as an RPL training facilitator, JAJ as Mobilization Agency and GJSCI will act as Project Implementation Agency (PIA).

Muthoot Exim in association with Divine Solitaires Pratham Diamonds presents affordable diamond jewellery

  • - 16 February 2017 4:04 PM

Swarnvarsham diamond jewellery can be bought using easy one month and 3-6 months EMIs schemes

Foreign a/c, property, bullion can't be disclosed under PMGKY

  • - 19 January 2017 12:35 PM

Only unaccounted domestic cash holding can be declared through the new Income Disclosure Scheme and not jewellery, stocks, immovable property or overseas accounts.

Government may announce incentives for gold jewellery exporters

  • - 22 April 2016 4:29 PM

Government also plans to supply duty-free gold under the replenishment scheme to the exporters, based on their requirement.

Titan anticipates Rs. 1,400 crore revenue from gold scheme next fiscal

  • - 30 March 2016 11:14 AM

New GHS, in spite of being compliant with interest rates, had lost steam due to regulations and Titan faced a tough time this fiscal wooing its customers back.

Jewelrich.com launches online monthly jewellery saving comparison portal

  • - 20 November 2015 4:12 PM

The new venture will serve as perfect platform for consumers to compare various jewellery saving schemes offered by reputed jewellers, evaluate key benefits, choose the best schemes and easily facilitate transactions online.

Prime Minister Narendra Modi launches Gold monetisation scheme

  • - 05 November 2015 2:55 PM

PM launched gold sovereign bonds, the gold monetisation scheme, and the Indian gold coin.

Quality Control Is A Must

  • - 06 October 2015 5:09 PM

Developing Indian Hallmarking – A Roadmap for Future Growth A national hallmarking system is a crucial component of a successful gold monetisation scheme in India according to the World Gold Council, says their recently released report. Indian Jeweller

Finance Ministry releases draft gold monetisation scheme for public comments

  • - 19 May 2015 5:42 PM

The draft suggests a minimum lock-in of one year for gold deposits with a rollover of over one year, similar to bank FDs.

Gold Monetisation Scheme

  • - 25 April 2015 6:56 PM

Get ready to unlock power of yellow metal

Meerut to get Gems & jewellery centre

  • - 19 March 2015 3:07 PM

The Rs. 5.26 crore centre would be set up under Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme of Central Government.

FM proposes gold monetization scheme; gold recycling to get a boost

  • - 28 February 2015 12:06 PM

Gold monetization scheme, develop sovereign gold bond and more in the #Budget2015

GJF welcomes removal of 80:20 scheme

  • - 01 December 2014 5:41 PM

Insists government to mull over unlocking unused gold and reducing gold import tax

The IIGC Closes on a Hopeful Note

  • - 13 September 2014 7:05 PM

The day saw a presentation on monetization of gold in India and if the scheme will work.

The IIGC 2014 Takes Off in Pune

  • - 12 September 2014 6:21 PM

Sessions included Movement of Gold in India, Gold Saving Schemes and Learning from Chinese Experience of Securing Dore

Is Shilpa Shetty’s 37% discount on gold scheme work?

  • - 02 May 2014 5:21 PM

In India, people still has emotional connect with the yellow metal

PC Jeweller honours Republic Day with new scheme launch Scheme to continue till Valentine’s Day for more celebrations

  • - 25 January 2014 11:06 AM

Commemorating India’s 65th Republic Day, PC Jeweller Limited has announced special offers to honor this day.

PC Jeweller introduces festive schemes

  • - 08 October 2013 1:23 PM

The schemes which will run from October 5 to November 5 in all the 36 showrooms.

RBI revises scheme for import of gold

  • - 25 July 2013 3:13 PM

Instructions regarding import of gold on consignment basis, LC restrictions have been withdrawn.

Creativity Calling

  • - 22 July 2013 7:12 PM

Kolkata jewellers rely on creative schemes

Suspension of FTA not because of misuse of the scheme from Thailand says Atul Jogani, Vice-Chairman, TGJTA

  • - 02 March 2013 3:01 PM

The bloated figures are exaggerated and hampering Thailand's image, he adds.

ORO launches exchange offer for retailers

  • - 24 February 2011 11:44 PM

The scheme aims at supporting retailers with inventory rotation

WGC plans finance scheme

  • - 28 December 2007 12:00 AM

Wants to support lower income groups to purchase gold

Blood diamonds fuel abuses

  • - 07 June 2006 12:00 AM

Three years after the KP certification scheme illicit stones still enter markets

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