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All India Gems And Jewellery Trade Federation

Oct 15, 2014 at 20:31 | Source: PTI
Gold imports are estimated to have jumped about five-times to around 95 tonnes in September, helped by spurt in demand in festival season and falling global prices, an industry expert said today.
Sep 18, 2014 at 16:39 | Source: Reuters
"Gold imports are expected to rise to about 70-75 tonnes per month in the coming months as against a monthly average of 50-60 tonnes," said Prithviraj Kothari, vice-president of the India Bullion & Jewellers' Association.
Jul 23, 2014 at 19:05 | Source: PTI
It has also sought application of the 80:20 rule only beyond 55 tonne of gold needed per month to make jewellery. India needs around 650 tonne of gold to make jewellery.
Jul 14, 2014 at 09:31 | Source: Moneycontrol.com
According to PwC, up to USD 770.4 million of import duties could have been foregone by the Government of India in 2013 due to the differential in duties between refined gold and unrefined gold dor.
Jul 10, 2014 at 17:29 | Source: CNBC-TV18
The 80:20 rules were the biggest impediment for smooth operations of imports and development of premiums on gold as the export relation to imports had no relevance and had built a big parallel economy," Haresh Soni, Chairman of All India Gems and Jewellery Trade Federation said.
Jul 10, 2014 at 09:08 | Source: Reuters
The drop to 6 percent in import duty "is practical and it may be reduced further. A reduction in import duty may encourage more demand from the consumers", Bachhraj Bamalwa, director at the All India Gems and Jewellery Trade Federation, told the Reuters Gold Forum.
May 09, 2014 at 14:24 | Source: Reuters
"Jewellery demand is holding up to an extent but people have been putting off gold purchases on expectations that a new government will cut the duty and ease the rules," said Bachhraj Bamalwa, director with All India Gems and Jewellery Trade Federation, a grouping of more than 300,000 jewellers.
Apr 23, 2014 at 09:53 | Source: Reuters
"Indian demand for gold is lower as it is difficult for consumers to carry cash given election-related curbs. They are resisting unnecessary buying at the moment," said Bachhraj Bamalwa, director with All India Gems and Jewellery Trade Federation (GJF), which groups more than 300,000 jewellers.
Dec 17, 2013 at 10:04 | Source: Reuters
The government is worried the trade gap could worsen again and the currency could weaken as the US Federal Reserve looks set to start tapering its economic stimulus soon.
Oct 06, 2013 at 17:48 | Source: PTI
The country's total yellow metal consumption is around 900 tonnes a year, of which 600 tonnes goes into manufacturing and 300 tonnes into investments.
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Source:Economic Times - MUMBAI: The All India Gems and Jewellery Trade Federation (GJF) in its wishlist for the upcoming Union Budget, asked the Finance Minister to abolish 80:20 rule for gold import and cut import duty to 2 per cent. The national trade federation for the promotion and growth

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Source:NDTV Profit - The All India Gems & Jewellery Trade Federation wants the government relax curbs on gold imports to boost to the struggling industry. Speaking to NDTV, Harish Soni, chairman of All India Gems & Jewellery Trade Federation, said the industry body in its ...

2.44 PM Jun 30th

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Source:Economic Times - KOLKATA: The All India Gems and Jewellery Trade Federation (GJF),in association with Gem and Jewellery Skill Council of India, has rolled out the National Skill Certification and Reward Scheme branded as the STAR SCHEME (Standard Training Assessment & Reward) to train sales

8.24 PM Nov 28th 2013

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Source:Economic Times - MUMBAI: The All India Gems and Jewellery Trade Federation (GJF) today sought measures, which includes reducing import duty to five per cent and bringing back stand-by letter of credit (SBLC), to

1.32 PM Nov 23rd 2013

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All India Gems and Jewellery Trade Federation chairman Haresh Soni said: "Impact of high gold premiums will be there on prices on the Dhanteras day because supplies have dried up in the absence of imports in the last three months due to government curbs."

11.59 AM Oct 28th 2013

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Gems and Jewellery Trade Federation. "Due to yesterday`s circular, people are expecting consignments will start soon. Scrap is increasing every day as people are reselling jewellery which was bought at 28,000 rupees," said Soni, giving reasons for the fall in premiums. The Reserve Bank

5.58 PM Sep 6th 2013

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"Supply is extremely bad, people are asking for high premiums," said Haresh Soni, chairman of the All India Gems and Jewellery Trade Federation, which has more than 40,000 members.

9.44 PM Jul 31st 2013

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"Supply is extremely bad, people are asking for high premiums," said Haresh Soni, chairman of the All India Gems and Jewellery Trade Federation, which has more than 40,000 members.

9.33 PM Jul 31st 2013

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"There have been no imports since July 22 (the day of the central bank announcement) due to these restrictions," Bachhraj Bamalwa, director of trade body the All India Gems and Jewellery Trade Federation, told Reuters.

5.46 PM Jul 30th 2013

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Source:The Hindu BusinessLine - Mumbai, July 10: Jewellers will stop sale of bullion and coins to consumers and corporate bodies with an aim to support government’s efforts to bring down the current account deficit, the All India Gems and Jewellery Trade Federation (GJF) said today. “The jewellery

6.41 PM Jul 11th 2013

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