Processed diamond exports from India, which meets nearly 80 per cent of global demand, have been hit by the Iraq war and a deadly flu-like virus in South East Asia, industry officials said.
The Foreign Investment Promotion Board is believed to have cleared the proposal of the Netherlands-based Star Diamond group to set up a joint venture in India to undertake diamond business.
India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
There are talks that Mumbai's prestigious Bharat Diamond Bourse may shift to Surat.
Shivashankarappa made the controversial remark while addressing Congress party workers at Bunts Bhavan in the district recently.
Indian exporters shipping goods to Israel may face higher insurance premiums and shipping costs due to the Israel-Hamas conflict, according to experts. Israel witnessed a surprise and unprecedented multifront attack by air, land and sea by the Hamas militant group, which rules the Gaza Strip, in its southern parts on Saturday morning. The International trade experts said the conflict may reduce the profits of domestic exporters but will not impact trade volumes unless war escalates.
The proposed exchange is likely to be almost as big as Mumbai's Bharat Diamond Bourse, now said to be fully occupied.
The diamond is believed to have brought enormous bad luck to at least three former owners, including two Russian princesses.
Saturday's voting will mark the end to the marathon polling process that began on April 19 month and has already covered 486 Lok Sabha seats in 28 states and Union territories.
She wept when the director took 101 takes to shoot a song for Heeramandi.
Sreeshankar was expected to at least qualify for the final round but form deserted him when it mattered the most on Wednesday.
Relentless fall of the rupee has not dampened demand for rough diamonds in India.
'I remember my first call to him, it was in Kolkata. I asked him would he be interested in Test cricket. He said that would be the biggest day of his life.'
The marathon polling process to elect the 18th Lok Sabha ended on Saturday with the seventh phase of elections witnessing an approximate voter turnout of 62.36 per cent, amid clashes between Trinamool Congress and Bharatiya Janata Party supporters in Sandeshkhali and some other parts of West Bengal.
Amyra enjoys diamonds... Allu Arjun in Berlin... Arjun promotes Crakk...
'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
In an attempt to mitigate the problems faced by the beleaguered diamond industry in Gujarat, the Reserve Bank of India has decided to set up a task force comprising representatives of the state government, the State Level Banking Committee Convener and other bankers.The task force will submit its report by the month-end. Gujarat's diamond industry has been beset with problems, chief among them being lacklustre Christmas-season demand for finished diamonds.
They all assembled at the judges' lounge before the start of the day's work and gave a standing ovation to Pragya, daughter of an obscure cook at the top court Ajay Kumar Samal.
With the reported involvement of the Gujarat Muslim Revenge Force in August 25's twin blasts, the Mumbai police is now paying special attention to places were the Gujarati community has substantial presence.
The Opposition on Tuesday termed the Union Budget as a 'kursi bachao budget' driven by political compulsions and claimed that it ignored opposition-ruled states in a bid to 'appease' Bharatiya Janata Party's allies.
An encyclopedia to the best Durga Pujo eating.
'While I was performing it, I had a weird feeling that people would love it because it's so bizarre.'
The government plans to form joint ventures in countries like Canada, Russia and Africa to get a steady supply of rough diamonds for the local gems and jewellery industry.
The CJI said there is an urgent need to emerge from the adjournment culture to a culture of professionalism.
Twelve of the 22 Indian diamond traders, detained in China on charges of smuggling, returned home early on Friday after they were let off following deportation orders by a Chinese court. "We are happy that 12 diamond traders held in China returned to India late last night. We are making all efforts to bring back the remaining traders," Gems & Jewellery Export Promotion Council Chairman Rajiv Jain said.
Indian javelin thrower Neeraj Chopra finished at a respectable fifth position in a 10-man elite field after producing a best effort of 84.67m at the prestigious Diamond League in Paris on Sunday.
It is not just MS Dhoni's captaincy, or his players' relaxed outlook that makes Chennai Super Kings so dominant in the IPL, for bowling coach Dwayne Bravo also attributes the consistent run to the lack of outside interference.
Holidays turn into horror, Bhansali brand of razzmatazz and tons more on OTT this week.
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
The first leg of Micron's semiconductor play in Sanand is crucial for the company to sprint towards India's goal of joining the chip race.
A summary of sports events and persons who made news on Friday.
Dubai's diamond trade, mainly driven by India, Belgium and Hong Kong, in value terms fell by 13 per cent to $18 billion in 2009 due to lower rates of the precious stone
India's Neeraj Chopra would seek to defend his gold medal
'The opposition wants the country to run on the basis of Shariat but this cannot happen'
According to surveys undertaken by the government of Gujarat as quoted in the Reserva Bank of India Task Force Report of February 26, 'approximately 4,317 diamond units were not functioning and 4,13,000 workers have lost their jobs,' minister of state for commerce and industry Jyotiraditya Scindia said.
A World Championships gold is the only medal missing in Neeraj Chopra's decorated cabinet and the superstar Indian javelin thrower will fancy his chances.
