Business leaders and high-level policymakers will join forces for the first India-Commonwealth Small and Medium Enterprises (SME) trade summit. Three hundred Indian firms and more than 100 businesses from across the Commonwealth will be in one room in Delhi on the 30th and 31st May, 2017, to enha…
Tag: JEWELLERY
GST rates: Concern over impact on exports of textiles & jewellery
New Delhi: The Commerce Ministry fears that a higher than expected goods and services tax (GST) rate on gems and jewellery and textiles products may make such exports noncompetitive and exporters may have to be compensated. The two items are among six on which GST rates could not be finalized in …
‘A strong rupee is devastating small exporters’
Even as the rupee has scaled new heights, reflecting to some the overall strength of the Indian economy, an entire category of businessmen and women are in deep distress. Spare a thought for the garment exporter in New Delhi’s Okhla industrial area or the one in Tirupur, Tamil Nadu. Already facin…
MSMEs: गहनों के मेकिंग चार्ज पर GST का होगा विरोध
जूलरी और बुलियन बाजारों में इन दिनों हर कोई जीएसटी की नई दरों को लेकर पसोपेश में है। अटकलें लगाई जा रही हैं कि जहां सरकार सोने की बिक्री पर 2 से 4 पर्सेंट तक जीएसटी लगा सकती है, वहीं गहनों की बनवाई को सर्विस मानते हुए इस पर 18 पर्सेंट तक टैक्स लगाया जा […]
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Laghu Udyog Bharati signs skills development pact with NSDC
Laghu Udyog Bharati, an RSS affiliate associated with small industries, has signed an MoU with National Skill Development Corporation (NSDC) to impart training to students in various sectors. The training will be provided in sectors like apparel, automotive, beauty and wellness, textiles, gems an…
MDMA seeks to generate over Rs 500 cr new businesses
Mumbai Diamond Merchant Association (MDMA) on February 5 signed MoU with MP and Indore Sarafa Associations for design and newer avenues to generate over Rs 500 crore new business and creating over 1 lakh job opportunities in the gold and diamond jewellery trade, said a PTI report. “We have entere…
भारत के हेंडीक्राफ्ट एक्सपोर्ट में 8.3 फीसदी की बढ़ोत्तरी
एक्सपोर्ट प्रमोशन काउंसिल फॉर हेंडीक्राफ्टस (EPCH) द्वारा जारी की गयी एक रिपोर्ट के अनुसार चालू वित्त वर्ष के दौरान अप्रैल से दिसम्बर के बीच भारत के हस्तशिल्प निर्यात (हेंडीक्राफ्ट एक्सपोर्ट) में 8.3 फीसदी की बढ़ोत्तरी हुयी है। रिपोर्ट के अनुसार हस्तशिल्प निर्यात एक साल पहले 2.67 अरब डॅालर था जिस…
Handicrafts exports rise 8.3% to $ 2.67 bn overall textile & garment sector trend
Handicrafts exports rose 8.3% in the April-December period of this fiscal year to $2.67 billion from a year ago, outperforming the overall textile and garment sector that has seen a fall in recent months, show data compiled by the Export Promotion Council for Handicrafts (EPCH). “Usually the last…
Demonetisation Effect | Jewellery demand plunges 80%
Gold jewellery demand has fallen 80 per cent since demonetisation was announced on November 8 despite the on-going peak marriage season. The fall in demand comes even as gold prices in Mumbai dipped to Rs. 29,000 per 10 grams on Monday from Rs. 31,150 registered on November 10, the day after demo…
Demonetisation | Impact assessment
India had its own 9/11, as it woke up to the demonetisation of high-value currency notes. It is arguably the boldest, newest, largest, riskiest and most influential reform since 1991. This exercise would cause inconvenience to everyone in the country in the short term but prove helpful in the med…