India on Friday said it would make imports of precious metals and stones easier in order to promote gems and jewellery exports.
Readers tell us how they will celebrate the Tiranga this 75th Independence Day.
By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.
The global financial crisis can be turned into a great opportunity for growth in India and China if the two Asian giants join hands to collaborate in five key sectors such as gems and jewellery, says a Ficci-KPMG report.
The controversial colonial-era Kohinoor diamond claimed by India is to be cast as a symbol of conquest as part of a new display of Britain's Crown Jewels at the Tower of London set to open to the public in May.
The background work of creating a suitable digital architecture of a website also remains unfinished as it has been a challenge to shortlist technology partners.
Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.
The country's exports grew by 47.19 per cent to $35.17 billion on account of healthy growth in the outbound shipments of petroleum, engineering, and gems and jewellery, according to the provisional data of the commerce ministry. Imports during the month also rose by 59.38 per cent to $46.40 billion, leaving a trade deficit of $11.23 billion. Exports of petroleum, engineering, and gems and jewellery in July increased to $3.82 billion, $2.82 billion and $1.95 billion respectively, the data showed.
He asked to focus on the 'vocal for local' mantra during the 'Azadi ka Amrit Mahotsav' celebrations.
Shree Jagannath Sena, a Puri-based outfit, submitted a memorandum to the President, seeking her intervention to facilitate the process of bringing back the Kohinoor diamond to the 12th-century shrine.
A sharp decline in sales and prospects of a grim future have resulted in a fall in jewellery stocks.
They are now scaling or shutting down their businesses because they can't compete with untaxed grey market gold. India's gold smuggling has increased significantly since the import duty was increased in the Union Budget 2019 in contravention with the broader market expectations of a cut.
Import in the first nine months of the current calendar year fell 20 per cent to 525 tonnes from 658 tonnes in the year-ago period.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
Investors more overweight on India compared to other emerging markets says Bank of America Merrill Lynch.
The panel will look into issues related to compliance procedure.
India's major import items from UAE include petroleum and petroleum products, precious metals, stones, gems, jewellery, minerals and chemicals
Here's what was on offer on Day 3 of the India International Jewellery Week, underway in Mumbai from August 15-19.
Here's what was on offer on Day 3 of the India International Jewellery Week, underway in Mumbai from August 15-19.
India scored at the recently-concluded Telluride Film Festival, reports Aseem Chhabra.
India and China are together expected to equal world's largest jewellery market, the United States, by 2015 when the global gems and jewellery trade is expected to touch $230 billion, states a new industry report.
India's exports grew by 67.39 per cent to $32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals, according government data released on Wednesday. Exports in May last year stood at $19.24 billion and in May 2019 it was at $29.85 billion, the commerce ministry's preliminary data showed. Imports in May rose by 68.54 per cent to $38.53 billion, from $22.86 billion in May 2020. In May 2019, imports stood at $46.68 billion.
The answer to Chinese tactics of nibbling territory is not defence of every inch -- a military impossibility -- but instead, nibbling at Chinese territory wherever we are in a stronger position, counsels Colonel Anil A Athale (retd).
Spot gold fell as far as $1,142.10 an ounce on Thursday, its lowest since November 2014.
The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.
In Shikhar Dhawan, Murali Vijay, Cheteshwar Pujara, Virat Kohli and Rohit Sharma, India, says Haresh Pandya, has a bunch of exciting young batsmen who will go places, individually and collectively.
Only 400 grams have been deposited so far.
There are around 6,500 diamond manufacturers of which Palanpuri Jains operate a mere 6 per cent, or around 400 companies. But they stand out for being highly interlinked through blood ties.
Single Indians are now planning to keep first dates 'active' with a walk in the park or an outdoor picnic.
Images from the IPL 2023 match between Royal Challengers and Bangalore and Lucknow Super Giants played at the M. Chinnaswamy Stadium in Bengaluru on Monday
In the end, it turned out to be a nightmare with dark clouds hovering over the future of this Indian team and no sign of 'VIBGYOR' in the Rainbow Nation.
Despite the 6-month high, trade deficit has widened to a four-month high of $14.62 billion, as imports rose by 14.85 per cent during the month, reports Subhayan Chakraborty.
Rahul was all praise for the little gem of a knock from Litton (60 off 27 balls) but said that the Indian team was always confident that they would cross the line.
Saqib-Shriya shoot together... Alaya wraps up a film... Mrunal goes sight-seeing...
The government has asked jewellers to provide information on purchases of gold bars or jewellery worth more than Rs 500,000 by the end of this month, a move seen keeping a check on big transactions amid rising smuggling.
Shah Rukh had outgrown the roles that made him a star -- the menacing, obsessive lover in Darr, the regular guy in Kabhi Haan Kabhi Na or the new age boyfriend in Dilwale Dulhania Le Jayenge. By the time he entered his 50s, he was struggling to find his feet, explains Vanita Kohli-Khandekar.
The main export sectors including engineering, petroleum products and gems and jewellery have recorded negative growth.
Through her Ancestral Weaves collection she gave 'the wonderful Indian weavings a universal language' at Milan.
