Mahendra Nath Pandey, Hon'ble Minister of Skill Development &
Entrepreneurship today reviewed the Ministry’s World Bank loan assisted Skills
Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP) programme
at the first Program Governance Board Meeting, which is the apex body for
governance of the scheme. Hon'ble Minister of State for Skill Development &
Entrepreneurship, Shri Raj Kumar Singh, also graced the meeting with his
presence. The meeting was attended by senior officials of MSDE and six other
GST Delhi North Commissionerate has busted a racket of issuance of fake
invoices without actual supply of goods and services. Two individuals -Asrar
Akhtar and Vikas Singh have been arrested in this matter and remanded to
judicial custody for 14 days by the Chief Metropolitan Magistrate (CMM), New
Delhi at Patiala House Courts.
accused and their associates were found to be operating 19 fake firms created
to facilitate fraudulent Input Tax Credit (ITC), thus defrauding the Exchequer.
Prima facie fraudulent ITC of about Rs 25 crores has been detected to have been
passed on using invoices involving an amount of Rs 137 crores.
terms of Government of India Notification No. F. No. 4(7)-W&M/2019 dated
May 30, 2019, Sovereign Gold Bonds (SGB) 2019-20 (Series III) will be opened
for the period of August 05 & up to 09, 2019. The issue price of the Bond
during this subscription period shall be Rs.3,499 (Rupees Three Thousand Four
Hundred Ninety Nine only) per gram with Settlement date August 14, 2019, as
also published by RBI.
its foray into Men’s
Guild International (PGI)-India recently concluded the 4th edition of their
annual business forum Platinum Buyer Seller Meet (BSM) in Hyderabad. A platinum
exclusive event is the only such event in the industry which gives the Indian
retailers and manufacturers an extensive exposure to the category and a
platform to discuss and nurture fresh business ideas with platinum.
Gold & Diamonds, the fastest growing jewellery retail chain in India rolled
out a new brand campaign Shine On featuring former Indian cricketer Sourav
Ganguly who is also the brand ambassador of Senco Gold & Diamonds since
2015. In a new TVC for Aham, a new range of men’s jewellery from Senco Gold
& Diamonds, Sourav will be playing a role of his own life-how he outplays
the rivals and silences the critics.
glittering event in Kolkata, Prince of Calcutta Sourav Ganguly & Suvankar
Sen, Executive Director-Senco Gold & Diamonds unveiled the new range of Aham
Bride’s dream is to look beautiful on her wedding Day, and choosing the perfect
dress is only a part of the process. A world of difference can be made by
choosing the right jewellery.
through time and history the Blooming Fables Collection is an ode to the Indian
heritage with a sole purpose to adorn the modern contemporary bride. Using one
of the oldest forms of jewelry making techniques, the purest and softest gold
is hammered into fine sheets and mounded around diamonds and gemstones. Befit
for a Queen, our master craftsmen at Latique have perfected this art over the
years making sure you shine no less than royalty.
GJEPC has proposed introduction of a new credit guarantee insurance scheme for gem & jewellery MSMEs
Gem and Jewellery Export Promotion Council (GJEPC) organised the 4th edition of
Banking Summit 2019 in Mumbai, the business capital of India. The Summit aimed
at meaningful deliberations on issues related to Gem & Jewellery industry
contextually; efforts were also made to understand the factors creating present
growth inertia, and define roadmap in emerging ecosystem for higher growth,
exports and employment generation.
National Retail Federation today issued the following statement from Senior
Vice President for Government Relations David French in response to the Trump
administration’s plans to impose a 10 percent tariff on $300 billion worth of
goods imported from China beginning September 1.
we’ve said repeatedly, we support the administration’s goal of restructuring
the U.S.-China trade relationship. But we are disappointed the administration
is doubling-down on a flawed tariff strategy that is already slowing U.S.
economic growth, creating uncertainty and discouraging investment. These
additional tariffs will only threaten U.S. jobs and raise costs for American
families on everyday goods.
gold demand grew to 1,123t in the second quarter of 2019, a rise of 8% on the
same period last year, according to the World Gold Council’s latest Gold Demand
Trends report. Continued central bank buying and sustained growth in
gold-backed exchange-traded funds (ETFs) was the key drivers of this increase.
Taken together with the first quarter of the year, gold demand increased to
2,181.7t in the first six months of 2019, an uplift of 8% compared with the
first half of last year.
banks bought 224.4t of gold in Q2 2019. This took H1 buying to 374.1t - the
largest net H1 increase in global gold reserves in our data series. In a
continuation of recent trends, buying was spread across a diverse range of –
largely emerging market – countries.
Dubai Gold and Commodities Exchange (DGCX) has registered its best ever month
in its 14-year history, recording volumes of 2.382 million lots valued at over
USD 39.2 billion in July, breaking the Exchange’s previous single month trading
record of 2.16 million set in May 2018.
stand-out performing contract in July was the Indian Rupee Quanto futures,
which recorded its best month since inception with a total of 1,106,309
contracts traded, up 192% year-on-year (Y-O-Y). DGCX’s flagship Gold Futures
product also underpinned last month’s trading, building on its strong
performance in June on the back of global instability, trading 61,764
contracts, up 209% Y-O-Y.
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