Business worth Rs 20,000 cr hit due to strike, say jewellers
"The Union Government has lost a revenue of Rs 700 crore in the last 20 days due to the strike," claimed Mr Bachhraj Bamalwa, Chairman, All India Gems and Jewellery Trade Federation (GJF).
"The loss includes four per cent customs duty, one per cent VAT and other additional levies," he said.The GJF will lead a team of 10-15 members from different associations to meet the Union Finance Minister, Mr Pranab Mukherjee, on Friday to find a solution.
The Gem and Jewellery Export Promotion Council will stop exports if an amicable solution is not reached on Friday, said Mr Bamalwa.Depending on the outcome of the meeting with Mr Mukherjee, the GJF will hold a rally on April 7 in Mumbai and at Ram Lila Maidan in New Delhi on April 11.
The industry is protesting against the levy of 0.30 per cent excise duty, doubling of import duty on gold to four per cent and collection of tax at source on sale above Rs 2 lakh.
more budget videos
Date 18-07-14 4:25
Tooltip Information:Arun Jaitley to present Delhi's budgetVideo by:Description: New Delhi, July 18 (ANI): Finance Minister Arun Jaitley will present the Delhi's budget in parliament on Friday as the city assembly has been kept under suspended animation and the President Rule is in force. Ahead of presentation of Delhi's budget by Jaitley, the city unit of BJP urged him to provide power subsidy to consumers. Delhi BJP President Satish Upadhyay urged Jaitley to grant Rs 800 crore as power subsidy saying people are burdened with very heavy electricity bills. The Sheila Dikshit government had provided subsidy of Rs 1 per unit for consumption between 0-200 units and 200-400 units for several years. In the union budget, Jaitley had allocated Rs 700 crore to Delhi to help overcome the problem of power transmission and water distribution system. Jaitley had proposed Rs 500 crore for reform in the water sector while Rs 200 crore has been set aside for reform in the power sector.Rating: 4Views: 34
Date 10-07-14 5:04
Tooltip Information:Politicos on Union Budget 2014-15Video by:Description: New Delhi, July 10 (ANI): Political leaders on Thursday reacted over Finance Minister Arun Jaitley's maiden Budget which he presented in the Lok Sabha. SP Chief Mulayam Singh Yadav slammed the budget saying that it is only for the rich not for the poor or unemployed. NCP, JD (U), CPI (M) and BSP too criticized the budget.Rating: 4Views: 12
Date 10-07-14 2:40
Tooltip Information:BJD hails Union Budget 2014-15Video by:Description: New Delhi, July 10 (ANI): The Biju Janata Dal on Thursday welcomed the Union Budget 2014- 15 presented by Finance Minister Arun Jaitley in the Lok Sabha. Talking to mediapersons in New Delhi, BJD leader Jay panda praised the budget and said that thrust has been given to infrastructure development.Rating: 4Views: 17
Date 10-07-14 4:36
Tooltip Information:Arvind Kejriwal slams Union Budget 2014-15Video by:Description: New Delhi, July 10 (ANI): Aam Aadmi Party Chief Arvind Kejriwal on Thursday criticized the Union Budget 2014- 15 presented by Finance Minister Arun Jaitley in the Lok Sabha. Talking to mediapersons, Kejriwal said that Prime Minister Narendra Modi did nothing to check inflation and rising prices.Rating: 4Views: 43
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 45505
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.26Views: 45505
Date 26-04-14 4:34
Tooltip Information:Ramdev says Rahul goes to Dalit houses for picnics, Cong. reactsVideo by:Description: Yoga guru Baba Ramdev made a shocking statement on Friday that Congress vice President Rahul Gandhi goes to Dalit houses for picnics and honeymoon. Ramdev who is supporting the BJP in the Elections 2014 made the objectionable comments during a press conference in Lucknow. He attacked Rahul Gandhi's 'single' status saying that Rahul wanted to marry a foreigner but was stopped by his mother Congress Chief Sonia Gandhi. He further went on to say that Sonia Gandhi asked Rahul not to get married until he becomes the prime minister. Meanwhile, the Congress party has condemned the statement.Rating: 4.52Views: 10009
Date 11-04-14 3:09
Tooltip Information:CNN-IBN and Microsoft Analytics Center for LS 2014 ElectionVideo by:Description: Largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to set up an elections analytics center to help decode the Indian electionsRating: 4Views: 3258
Date 10-04-14 0:55
Tooltip Information:Microsoft and CNN-IBN Join Hands to Analysis the LS 2014 Polls TrendsVideo by:Description: World's largest technology brand Microsoft has joined hands with India’s biggest media Channel CNN-IBN to analyse the Lok Sabha elections 2014 trends.Rating: 4Views: 2716
Date 34 mins ago 4:56
Tooltip Information:Government asks NSCN-K to stop illegal taxation and extortion during ceasefire review meetVideo by:Description: The issue of illegal taxation, extortion and carrying of arms by cadres dominated the Ceasefire review meeting held between Centre and NSCN (K) at Police Complex in Chumukedima. Chairman of Ceasefire Monitoring Group Major Gen (Retd) N K Singh insisted that NSCN (K) give up extortion activities. He maintained that such actions are against the Ceasefire Ground Rules and also vitiated the peaceful atmosphere. Formed as a splinter group in 1988, NSCN (K) declared ceasefire in April 2001.Rating: 4Views: 0
Date 14 hrs ago 3:12
Tooltip Information:Will not contest from Congress if polls are fought under Hooda: Birender SinghVideo by:Description: Congress leader Chaudhary Birender Singh on Wednesday said that he will not contest from Congress if the upcoming Assembly Polls in Haryana are contested under the leadership of state Chief Minister Bhupinder Singh Hooda. He said that he will not leave Congress party as he is a veteran leader.Rating: 4Views: 0