KOTA: As jewellers strike continues against excise duty imposition, a lot of work in the city has been shifted underground to meet the lucrative wedding season demand. According to a jeweller, who requested anonymity, there is no dearth of work for workers and designers, who are busy making ornaments as demand peaks ahead of the … Read More →
The indefinite strike by jewellers since March 1, across the country to protest the excise duty of one per cent proposed in the union budget, has hit the artisans the worst, most of who are from Bengal and are returning home with no earnings. Seen as the hub of gold and diamond jewellery, the striking … Read More →
Jewellery industry body AIBJSF on Friday decided to continue their strike for an indefinite period against imposition of 1% excise duty on non-silver jewellery and announced plans to hand over keys of their shops to Finance Minister Arun Jaitley. All India Bullion, Jewellers, Swarankar Federation (AIBJSF), which had organised a big rally at Ramlila maidan … Read More →
Indian gold imports and premiums could spike after the country’s main jewellery federation reached an agreement with the government over newly imposed taxes following an 18-day strike. Previously, the All India Gems and Jewellery Trade Federation (GJF) had opposed a one-percent tax on gold jewellery sales, arguing that many small-scale jewellers would be adversely affected because … Read More →
India’s jewellery sector is estimated to have incurred a revenue loss of over Rs. 60,000 crore due to an ongoing indefinite strike that entered the ninth day on Wednesday, according to an industry body. Members of over 358 associations related to jewellery trade and related businesses are on strike since March 2 to demand withdrawal … Read More →
After a hiatus of few days, jewellers in the city downed shutters again on Wednesday seeking a rollback of excise duty levied on gold jewellery. This time, they have decided to go on an indefinite strike that would coincide with a nationwide protest. It may be recalled that jewellery shops remained shut for four days … Read More →