Author name: JNI

While India is known for its strong, nationwide affinity for gold, this is especially marked among the rural population, where jewellery ownership is considerably higher than it is in urban areas. Consumption patterns also differ between town and country. Jewellery is considered both an investment and an adornment in rural areas. City dwellers tend to […]

The Indian Customs and Hong Kong Customs have unearthed a major case of Trade-Based Money Laundering (TBML) involving Hong Kong based exporters and Indian importers located in Special Economic Zone (SEZ) in an exemplary case of bilateral cooperation and exchange of information. This crackdown showcases investigation and enforcement actions taken by both administrations under their

Shri Eknath Shinde, the Hon’ble Chief Minister of Maharashtra, was graciously welcomed to honor the launch of IIJS Signature 2024 as the Chief Guest by Shri Nirav Bhansali, Convener, National Exhibitions, GJEPC, and Shri Sabyasachi Ray, Executive Director, GJEPC. The big event is set to begin on January 4, 2024, at the Jio World Convention

D P Abhushan, a leading name in the world of exquisite jewellery announces a strategic move to expand its presence across India. With eight successful showrooms already established, the brand is initiating a comprehensive expansion plan targeting key regions through a combination of proprietary stores and franchise partnerships. Recognizing the potential for growth in various

The gem and jewellery (GJ) industry and trade have found robust support and growth through the Ease of Doing Business (EoDB) initiatives. The Ministry of Commerce and Industry (MoC&I) recently reiterated its commitment to promoting industry and internal trade by emphasizing the importance of EoDB and reducing compliance burdens. Efforts to reduce the compliance burden

In April 2023, India became the most populous country in the world with 1.4bn population. Not only is the population extensive, but its demographic structure is likely to confer significant economic benefits. Unlike many countries around the world, the Indian population is young and expected to remain so for many years. Today, the median age

In a comprehensive year-end review, the Ministry of Finance highlighted significant milestones achieved in 2023 by the Central Board of Direct Taxes (CBDT), Department of Revenue. Emphasizing citizen-centric initiatives, the CBDT focused on enhancing taxpayer outreach, providing active assistance through helpdesks, and implementing faceless processes, underscoring a dedication to transparency and efficiency. This commitment translated

Recently, Piyush Goyal released the comprehensive, E-Commerce Exports Handbook for MSMEs prepared by the Directorate General of Foreign Trade (DGFT) in New Delhi. The Minister said that the Handbook, a significant initiative supporting the objectives of Foreign Trade Policy 2023, will prove to be a definitive guide for MSMEs seeking to harness e-commerce platforms for

Directorate of Enforcement (ED) has conducted search operations under the provisions of FEMA, 1999 at the premises of M/s. Sharanam Jewels LLP, its promoter Avadh Harshad Yagnik and its associates, M/s. Vansh Marketing a proprietorship concern of Ashik Patel and others at various locations including Ahmedabad, Surat and Dhubri. ED initiated investigation on the basis

Ministry of Commerce & Industry (MoC&I) reviewed 2023 year end for Production Linked Incentive (PLI) Scheme of Department for Promotion of Industry and Internal Trade that includes MSMEs and Gem & Jewellery Industry and trade. Keeping in view India’s vision of becoming Atmanirbhar, Production Linked Incentive (PLI) Schemes for 14 key sectors, including the gem