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.
budget videos
Watch the footage of the Indian Union Budget 2013-14 presented by Finance Minister P Chidambaram on February 28.
Date 28-02-13, Duration 1:45:24, Views 121
Video by: MSN Video | Chidambaram hikes welfare budget to win India over Union Budget 2013: MSN Live Blog Budget 2013: Chidambaram increases spending, taxes the rich
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Budget disappoints tea traders of WB
Date 28-02-13 2:04Tooltip Information:
Budget disappoints tea traders of WBVideo by:Description: The Union Budget has disappointed the tea traders of Siliguri in West Bengal as it failed to take up their long-time demand of cutting import and export duties on tea.Rating: 4Views: 41 -
Main thrust of budget to control fiscal deficit: FM
Date 28-02-13 1:26Tooltip Information:
Main thrust of budget to control fiscal deficit: FMVideo by:Description: Union Finance Minister P Chidambaram has said the main thrust of the Union Budget 2013-14 was to signal to the world that the Government was following a fiscally prudent path to control fiscal deficit. The Minister added that he would announce another set of measures and decisions in Parliament soon to attract investors and boost growth.Rating: 4Views: 94 -
Indian Union Budget 2013-14
Date 28-02-13 1:45:24Tooltip Information:
Indian Union Budget 2013-14Video by:Description: Watch the footage of the Indian Union Budget 2013-14 presented by Finance Minister P Chidambaram on February 28.Rating: 2.33Views: 121 -
Budget 2013-14 highlights - Part 7
Date 27-02-13 2:09Tooltip Information:
Budget 2013-14 highlights - Part 7Video by:Description: Union Finance Minister P Chidambaram on February 28 presented the much awaited finance budget for 2013-14 in the Lok Sabha, stressing on the fact that India is not unaffected by what happens in the world, adding that the global recession is the main reason why the country's economy too has slowed down.Rating: 3.75Views: 284
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news videos
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Date 17-05-13, Duration 1:21, Views 776
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Preity promotes IIP in Mumbai
Date 17-05-13 1:55Tooltip Information:
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Maoist attack: One security personnel killed
Date 17-05-13 1:29Tooltip Information:
Maoist attack: One security personnel killedVideo by:Description: At least one personnel of the Special Task Force (STF) was killed, while another was critically injured, during a gun battle with Maoists in Chattisgarh. The incident took place when the security forces were on their way to Maoist hotbed Sukma when the rebels showered bullets on them, triggering a gun battle.Rating: 4Views: 118
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