#gemsandjewellery

Trump hints at reduced tariffs if US-India trade deal is reached before July 9 deadline

Trump hints at reduced tariffs if US-India trade deal is reached before July 9 deadline

As the July 9 deadline approaches, India and the United States are engaged in crucial extended negotiations to finalize an interim trade agreement. The urgency behind these talks stems from the looming reimplementation of 26% reciprocal tariffs, which were initially imposed several years ago and temporarily suspended for 90 days. Should the two nations fail to reach an agreement by the deadline, these tariffs will automatically return, potentially destabilizing the trade relationship between the

Finance & Economics

02 Jul 2025 01:01 AM 630 views

Trump hints at reduced tariffs if US-India trade deal is reached before July 9 deadline

As the July 9 deadline approaches, India and the United States are engaged in crucial extended negotiations to finalize an interim trade agreement. The urgency behind these talks stems from the looming reimplementation of 26% reciprocal tariffs, which were initially imposed several years ago and temporarily suspended for 90 days. Should the two nations fail to reach an agreement by the deadline, these tariffs will automatically return, potentially destabilizing the trade relationship between the

Finance & Economics

Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

The gems and jewellery industry has made a strong plea to the government to reduce the Goods and Services Tax (GST) from 3% to 1% in the upcoming Budget. According to the All India Gem and Jewellery Domestic Council (GJC), this move would reduce the industry's growing cost burden, especially amid rising gold prices, and improve affordability for consumers, particularly in rural areas. Rajesh Rokde, Chairman of GJC, emphasized that such a reduction would also promote better tax compliance

Business

08 Jan 2025 02:42 AM 1.22k views

Gems and Jewellery Sector Calls for 1% GST Reduction in Upcoming Budget

The gems and jewellery industry has made a strong plea to the government to reduce the Goods and Services Tax (GST) from 3% to 1% in the upcoming Budget. According to the All India Gem and Jewellery Domestic Council (GJC), this move would reduce the industry's growing cost burden, especially amid rising gold prices, and improve affordability for consumers, particularly in rural areas. Rajesh Rokde, Chairman of GJC, emphasized that such a reduction would also promote better tax compliance

Business