Latest News on Gjepc
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Gjepc - Total results - 15
Dec 27, 2018
Integrated gold policy likely soon; govt to promote growth of yellow metal industry, jewellery exports, says Suresh PrabhuIn February, Finance Minister Arun Jaitley announced formulation of a comprehensive gold policy to develop gold as an asset class.
Jul 24, 2018
PNB fraud fallout: Bank finance to jewellers drops 10%; lower lending threatens exports, says industry lobby GJEPCAccording to GJEPC, the country's gem and jewellery exports declined by 8.84 percent during the June quarter to $10.1 billion, compared with $11.1 billion in the same period last year
May 21, 2018
Gems and jewellery exports dip 22% in April on account of demand slowdown in major marketsGems and jewellery contribute nearly 7 percent to the country's GDP and over 15 percent to the merchandise exports
May 04, 2018
Nirav Modi scam fallout: Gems and jewellery industry asks bankers not to reduce credit limits in a white paperGems and jewellery industry is presenting a white paper on 11 May on challenges of financing to the diamond industry
Apr 26, 2018
Gems and jewellery exports dip by 8.67% to Rs 2.64 lakh cr in FY18 on demand slump from UAEGems and jewellery industry contributes nearly 7 percent to the country's GDP and over 15 percent to the merchandise exports
Mar 22, 2018
RBI's Letters of Undertaking ban not to impact Bengal jewellery industryRBI ban on Letter of Undertaking (LoU) as a trade finance instrument, will not have much impact on the gems and jewellery industry in West Bengal, but a hike in bank's credit margin may hurt the business, a GJEPC official said
Mar 14, 2018
PNB scam: By killing LoUs, RBI is throwing baby out with bathwater; why punish traders for own failure?Terminating LoUs altogether is no solution. On the contrary, it is counter-productive
Feb 23, 2018
GJEPC denies four-fold surge in imports of cut and polished diamonds, says there has actually been a 4.3% declineActual imports of cut and polished diamonds for this period stand at $1,527.43 million, and represent a decline of 14.44 percent as compared to $1,785.17 million for April-November 2016.
Nov 27, 2017
India's gold imports to be over 700 tonnes in current fiscal, up 40%, says industry bodyGJEPC chairman demanded that the import duty on gold be brought down to 4-5 percent in the Budget, asserting that the prevailing 10 percent import duty on the yellow metal gives rise to smuggling
Nov 17, 2017
Diamond Producers Association launches India operations, reaches out to 3,000 retailers for training, educationThe DPA is an alliance of seven of the largest diamond mining companies in the world, which together represent over 75% of the world’s diamond production.