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Imports of rough diamonds at $7,249.39 (Rs 32,839.73 crore) million in April 08 - February 09 have shown a decline of dollar term 20.12 per cent (11.31 per cent in rupee term) compared with $9,075.36 million (Rs 37,027.47 crore) in the same period last year. The marginal growth in exports of cut and polished diamonds in the year 2008-09 from the corresponding period of last year is due to increase in the trading activities of cut and polished diamonds.
'We want the government to provide job security for all these workers,' says E S N Reddy, district general secretary of CITU.
India's gold imports, which have a bearing on the country's current account deficit (CAD), increased 26.7 per cent to $35.95 billion during the April-December of this fiscal due to healthy demand, according to government data. The imports stood at $28.4 billion during the same period a year ago. In December 2023, imports of the precious metal jumped by 156.5 per cent to $3 billion, as per the data released by the commerce ministry.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
Gitanjali gems successfully completed its take over of Nakshatra Diamonds. Gitanjali now plans to make it a jewellery and lifestyle brand.
"To support our massive retail activities, we plan to have our own textile brands - three women's wear brands, one men's wear and one kid's wear - in the next six months," says Deepak Tulsian, vice president, retail, of Gitanjali Gems.
India's exports declined by 2.83 per cent to $33.90 billion in November this year compared to $34.89 billion a year ago, government data released on Friday showed. Imports also declined to $54.48 billion in the month under consideration, as against $56.95 billion recorded in November 2022.
With generalised system of preferences in US coming to an end in June 30 and the American market showing little scope for growth
Have a bake date with your partner and rustle up a batch of these chocolatey brownies on V-Day.
The government was close to imposing presumptive tax and the goods and services tax on the gems and jewellery sector
GJEPC seeks two year Direct and Indirect tax holiday on export earnings of Gems and Jewellery Industry, considering difficult export market faced in the current fiscal
For aggression, Indian cricket has Saurav Ganguly; for innovation, the man seems to be Rahul Dravid.
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The government has also set targets for the next 25 years. We are working on the target of becoming a $5-10 trillion economy as well as taking exports to a record high, he said.
Merry Christmas brims with Sriram Raghavan's signature style and ample cheeky look-what-I-did-there moments.
Gems and jewellery exports may have risen over 20 per cent so far this fiscal, but the rising rupee has cost 150,000 diamond workers their jobs in the last one year, the head of the Gems and Jewellery Export Promotion Council, Sanjay Kothari, said.
Gitanjali Gems is foraying into the business of providing gold loans and safe deposits vaults. The company has also acquired Trinity Watch Co and Renaissance Retail Ventures for undisclosed sums. It has also formed a subsidiary, Mohar Jewels. It will soon launch the fashion retail format through its retail subsidiary Gitanjali Lifestyle. The company has tied-up with three fashion designers to introduce fashion apparels and private labels and will also open exclusive stores.
As a first major step towards making India a global trading hub the government on Monday constituted an expert committee for looking into the entire fiscal issues affecting the gems and jewellery sector.
Banks are sensing warning signals of potential loan defaults from gems and jewellery exporters as the appreciating rupee continues to dent their profits. Loan accounts of a few diamond and jewellery exporters are already showing signs of stress, with banks receiving delayed payments.
India's exports declined by 6.86 per cent to $34.48 billion in August this year as against $37.02 billion in the same month last year, government data showed on Friday. Imports too declined by 5.23 per cent to $58.64 billion as against $61.88 billion recorded in August 2022.
Leading diamond jewellery manufacturer and retailer Gitanjali Gems Ltd is entering into real estate business through its maiden residential project at Borivli, in Mumbai's western suburb.
Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its trade pact with the EFTA bloc on these goods over a period of time. India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its trade pact with the EFTA bloc on these goods over a period of time. India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
If Rajesh Khanna was the greatest star of Hindi cinema, the songs played a major part in his superstardom.
After a decade-long stint in politics, Navjot Singh Sidhu will be back as commentator for IPL 2024.
Global Emerging Middle (GEM) is the next big market, says PwC. In India, this segment is expected to cross the USD 1 trillion threshold by 2021; globally the figure is expected to be in excess of USD 6 trillion by 2021.
The best part of Yashasvi Jaiswal's entertaining unbeaten 76 was the manner in which he completely unsettled England's troika of spinners, India's left-arm slow bowler Axar Patel reckoned after opening day's play in the first Test.
From melodrama to mockery (remember Amar and Prem's phony separated-at-Kumbh Mela reunion in a gag of Andaz Apna Apna?), there are numerous instances of its presence.
Kabir was seen clinging to the tricolour-wrapped coffin of his father. He bowed before his father's body just before cremation.
The Gem and Jewellery Export Promotion Council has engaged UK-based Trend Forecasting for trend analysis focussing on the global market. \n\n
The fire erupted in a first-floor flat of Veena Santur Cooperative Housing Society at around 12:30 pm and spread to the electric wiring and installations on that floor, according to officials.
The country's exports edged up 1 per cent to $38.45 billion in December 2023 while the trade deficit narrowed to a three-month low of $19.8 billion, official data released on Monday showed. Imports declined by 4.85 per cent to $58.25 billion in December last year due to a dip in crude oil shipments. The previous low in trade deficit - the difference between imports and exports - was recorded in September at $19.37 billion.
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