Rising prices of essential commodities have dampened the Eid shopping
Jewellery showrooms in Tamil Nadu and Andhra Pradesh were also opened.
In a bid to curb harassment of taxpayers, Sitharaman said, a faceless e-assessment scheme was launched in October to eliminate interface between an assessing officer and a taxpayer.
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
Ahead of the meeting of jewellers with Gandhi, the Congress had asked the government to look into the demands of jewellers, who have been agitating for more than 20 days.
Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.
Modi, a diamond jeweller whose designs have been worn by Hollywood stars, is now believed to be running a new business, which describes itself on the UK's Companies House register as a wholesale trader in watches and jewellery and a retailer of watches and jewellery in specialised stores.
Globally, gold declined from the highest level.
Yadav said the nationwide strike has affected over 35 lakh (3.5 million) people.
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
Move comes after agencies unearth several cases of misuse of the 80:20 scheme.
The panel will look into issues related to compliance procedure.
Experts recommend buying gold as the fundamentals supporting a rally have not changed.
Though exports to Hong Kong, a major destination for India's polished diamonds, have resumed, the industry is currently sitting on an inventory worth around $2.3 billion.
Most of the jewellers who had reopened their showrooms in confusion on Monday, kept shutters down today at Mumbai's Zaveri Bazar and several other places, demanding rollback of the proposal.
District Judge Marie Mallon said there were substantial grounds to believe that Nirav Modi would fail to surrender if granted bail.
According to the local Brass Handicrafts Manufacturers Association (BHMA), some 800,000 people are directly employed in Moradabad's massive brass handicrafts and utensils manufacturing industry, which has some 30,000 small and micro-scale units and a total annual turnover of Rs 10,000 crore. The manufacturers are heavily dependent on export markets such as the US, Canada, Australia and the European Union. And exports account for nearly 70 per cent of their revenues. According to industry insiders, since this year's lockdowns, manufacturing has been at 65 per cent of normal levels.
Import bill for September rises to $3.5-4 billion as traders and retailers stock up the precious metal.
As a result, vehicular traffic and movement of people on roads saw a consequential increase in most parts of the state including rural regions, the State capital and key cities like Coimbatore, Madurai, and Tiruchirappalli.
The precious metal spurted by Rs 270 at Rs 15,700 per 10 gram, a level last seen on February 18.
The Modi government's decision to demonetise Rs 500 and Rs 1,000 banknotes will drive up interest in the bullion market
Eyeing a big market, jewellery and diamond exporters in India have decided to target Commonwealth of Independent States and East European nations.
Traders have used this as an opportunity to stock up silver.
The exports have shown a fall of 6% during the first 11 months of fiscal 2006-07.
Feels assured by FM's promise that givt will consider their demands.
Jewellers in Ahmedabad were baton-charged when they tried to block traffic on busy Sarkhej-Gandhinagar highway.
The ED officer will carry the latest charge sheet filed by the agency against Modi's wife Ami and the recent attachments made by it in the case.
The import tariff value is the base price at which the customs duty is determined.
Since he lives locally, Harish Patel is one of the luckier migrant workers in Surat - in that his employer was able to squeeze in a single shift for him at the weaving unit in Kamrej in Gujarat - unlike others who went home for Holi and other festivals just as the second wave of the Covid-19 pandemic was waxing and ended up stranded in local lockdowns.
Gold rebounds after 3-day fall on renewed demand, global cues.
The month of March could be worst in many years, with imports estimated only around 18 tonnes amid the coronavirus pandemic and the nationwide lockdown, said an industry player. The import in March 2019 was 72.5 tonnes, according to the GFMS data.
It's day 14th of the jewellers and bullion traders' strike and there are no signs of roll back from the government. The industry is also determined, and has called for an indefinite strike.
While gold spurted by Rs 220 to Rs 30,520 per 10 grams, silver shot up by Rs 1,000 to Rs 54,000 per kg on increased offtake by jewellers and industrial units.
Consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes.
Indian gold imports, which fell last week as world prices rose, are likely to pick up as jewellers replenish stocks to meet local demand during the marriage season, traders said on Monday.
Gold demand in rural India is expected to be lower this year with weak monsoon affecting household savings, according to the World Gold Council (WGC).
While gem and jewellery exports have slowed in recent months, the escalating dollar value has put diamantaires in a problem on payments against import of rough diamonds.
Traders said sustained buying by stockists and jewellery fabricators for the ongoing marriage season mainly led to an upward trend in gold prices.
Silver ready rose by Rs 350 to Rs 33,850 per kg.
Coming down heavily on top guns in the diamond trade in the country, Gujarat Chief Minister Narendra Modi on Friday warned key players that workers engaged in manufacturing gems and jewellery cannot be left in the lurch in the current global recession.
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