The 80:20 rule mandates importers to channel at least 20% of the import quantity for jewellery exports.
A Delhi University alumnus with an MBA in finance and a doctorate, Vaish started his career as a banker in 1984, became an academician a few years later and joined the capital market in 1998.
Govt clamps have resulted in 93% decline in April-November
Lasalgaon, Pimpalgaon mandis halt auctions to arrest the decline.
Import of jewellery from Hong Kong attracts no duty in India, due to a free trade agreement.
To restrict onion exports and help cut prices in the domestic market, the government had gradually raised the MEP to $1,150 a tonne from $650 a tonne a few months earlier.
The India Pulses and Grains Association estimates production of kharif pulses at seven mt this year.
Govt floated import tender, allowed import without fumigation.
Increased harvesting is expected to boost supply
The 91.9 per cent slide in the stock price of Gitanjali Gems since April has depleted the value of promoter Mehul Choksi's holding in the company by at least Rs 17 crore (Rs 170 million) a day on an average.
Supply through recycling of used gold declined to around 10 tonnes in the second quarter of the current calendar year.
The price of export quality lady's finger, for example, shot up 150 per cent in two weeks to close on Thursday at Rs 40 a kg against Rs 16 a kg on September 16 in the Agricultural Produce Marketing Committee, Vashi, near Mumbai.
According to the initial estimates, the flooding of rivers and heavy rainfall has caused damage to the agriculture crop to the tune of Rs 700 crore (Rs 7 billion) in the state.
At nine-month high, current prices attractive; consumers want to cash in before a correction
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
The company had issued 2.66 million shares to its employees.
Centres like Coimbatore in Tamil Nadu and Thrissur and Kochi in Kerala are facing huge shortage of gold. These centres constitute around 15-20 per cent of India's overall annual demand of the yellow metal.
Four of five new bulk purchasers named by De Beers, the prime global purveyor, are from India.
Global cues may further weaken the yellow metal; imports seen under control after January surge.
They are encouraged by the widening gap in import duties on raw and refined gold.
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