The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to provide immediate relief measures as the tariffs imposed by the United States have started hitting the industry. US tariffs of 50 per cent on Indian goods came into effect on August 27.
Taking up a public interest litigation seeking CBI probe into the violence and death during CPI(M) recapture of Nandigram in November, the Calcutta High Court on Friday directed the West Bengal Government to file an affidavit giving its views on the issue within eight weeks.
Prime Minister Narendra Modi had asked exporters to prepare a strategy for the next five years and start working in that direction.
Indian diamantaires are looking to go slow on rough diamond purchase during the remaining quarters of the current financial year, thanks to weak global sentiment.
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
A sightholder is a company on the Diamond Trading Company's list of authorised bulk purchasers of rough diamonds.
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