NEWS

Skill India to focus on district level skilling!

Skill India to focus on district level skilling!

Dr. 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 Ministries.

 


Issuance of fake invoices racket Busted

Issuance of fake invoices racket Busted

Central 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.

 

The 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.

 


SGB Series III to open from August 05

SGB Series III to open from August 05

In 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.

 


PGI India concludes 4th Platinum BSM 2019

PGI India concludes 4th Platinum BSM 2019

Announces its foray into Men’s platinum jewellery!

 

Platinum 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.

 



A new brand campaign, Shine On, rolled out!

A new brand campaign, Shine On, rolled out!

Senco 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.

 

In a glittering event in Kolkata, Prince of Calcutta Sourav Ganguly & Suvankar Sen, Executive Director-Senco Gold & Diamonds unveiled the new range of Aham collection.

 


New Bridal Jewellery Collection

New Bridal Jewellery Collection

Every 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.

 

Transcending 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 organizes 4th Banking Summit 2019:  Redefining the business strategy!

GJEPC organizes 4th Banking Summit 2019: Redefining the business strategy!

GJEPC has proposed introduction of a new credit guarantee insurance scheme for gem & jewellery MSMEs

 

The 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.

 


NRF supports U.S.-China trade relationship

NRF supports U.S.-China trade relationship

The 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.

 

“As 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.


Central bank drives gold jumps 3year high

Central bank drives gold jumps 3year high

Global 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.                                                                                                                                                             

 

Central 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.


DGCX Records July at 14-Year History!

DGCX Records July at 14-Year History!

The 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.

 

The 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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