While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Two entities under the Union ministry of commerce report differing figures for import of cut and polished diamonds for the first eight months of the financial year.
'We don't trade with any business where we have specific concerns,' a De Beers spokesperson said.
The spotlight is back on the hawala trade in diamonds.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
Indian exchanges see spurt in volumes due to the entry of newcomers to the trade
While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.
BSE proposes two models for making gold trading and investment transparent
Last week, the country's leading exchange, Zebpay, launched trading in Litecoin, which is the eighth-largest cryptocurrency, following rising demand from Indian investors.
Silver has a dual role - 60 per cent of the total silver produced is used for industrial purposes in the electrical & electronics segment and photovoltaic demand mostly for solar panels.
The underperforming metal for 2017 expected to return 17-20%
Experts call for consistency in government policies to enable Indian exporters to frame a long-term strategy.
The benchmark M-30 variety of sugar has declined by over 3 per cent in November to trade now at Rs 3,694 per quintal
Dilip Kumar Jha explains what the buyers must do to protect their own interest.
India Bullion and Jewellers Association said, self-certification of coins by refineries contravenes the basic purpose of a certifying agency.
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
Not only primary vegetables, but also additives like garlic, ginger and chilly have recorded a sharp increase in prices
Import by 4-star and 5-star export houses effectively barred from importing for domestic consumption.
Those selling ornaments with lower purity might now offer hefty discounts in order to get rid of non-hallmarked stocks
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