Jewellers Strike Over

Gold demand in India declined by 39 per cent during the first quarter of this year at 116.5 tonnes due to jewellers' strike over re-introduction of excise duty that affected the wedding purchase segment, says a report.

Jewellers may completely call off their strike in the next few days after the government's assurance that the Ashok Lahiri committee will consider all their demand, Assocham National Council on Gems & Jewellery Chairman Sankar Sen said today.

More than half of Indian jewellers reopened their shops on Monday after keeping them closed for nearly six weeks in protest over the reintroduction of excise duty on gold jewellery.

Gold traders, jewellers and artisans continued their indefinite strike for yet another day on Monday, in protest against a proposed one per cent excise duty on non-silver jewellery.

Jewellers, bullion traders and artisans are showing no signs of backing down in their protest against imposition of one per cent excise duty on non-silver jewellery as their strike entered the 39th day, with many keeping their shops closed on Saturday.

A large number of jewellery shops across the country remained closed on Saturday as gold traders continued their protest against one per cent excise duty on non-silver jewellery.

A large number of gold traders and jewellers continued their strike for the 28th day on Tuesday in protest against a proposed one per cent excise duty on non-silver jewellery.

Jewellers on Saturday called off an 18-day old strike demanding a roll-back of proposed excise duty on non-silver jewellery after the government assured them that there will be no harassment by excise officials.

Jewellers on Saturday called off their 18-day old strike demanding rollback of proposed excise duty on non-silver jewellery after government assured them that there will be no harassment by excise officials.

A strike by jewellers and bullion traders continued for the 18th straight day on Saturday demanding a roll-back of the proposed excise duty on non-silver jewellery.

A strike by bullion traders over the imposition of 1 per cent excise duty on non-silver jewellery entered its ninth day on Thursday.

India's jewellery sector is estimated to have incurred a revenue loss of over Rs 60,000 crore due to an ongoing indefinite strike that entered the ninth day on Wednesday, according to an industry body.

Over 300 jewellery associations across the country will observe one-day strike on February 10 to protest against norms that make it mandatory to quote PAN for any transactions of Rs 2 lakh and above.

Jewellers say about 80 per cent of the $122 billion industry's business comes from rural customers, mainly in the agriculture sector, who lack a so-called permanent account number (PAN), which is used to prevent tax evasion.

Gold demand in India declined by 39 per cent during the first quarter of this year at 116.5 tonnes due to jewellers' strike over re-introduction of excise duty that affected the wedding purchase segment, says a report.

Jewellers may completely call off their strike in the next few days after the government's assurance that the Ashok Lahiri committee will consider all their demand, Assocham National Council on Gems & Jewellery Chairman Sankar Sen said today.

More than half of Indian jewellers reopened their shops on Monday after keeping them closed for nearly six weeks in protest over the reintroduction of excise duty on gold jewellery.

Gold traders, jewellers and artisans continued their indefinite strike for yet another day on Monday, in protest against a proposed one per cent excise duty on non-silver jewellery.

Jewellers, bullion traders and artisans are showing no signs of backing down in their protest against imposition of one per cent excise duty on non-silver jewellery as their strike entered the 39th day, with many keeping their shops closed on Saturday.

A large number of jewellery shops across the country remained closed on Saturday as gold traders continued their protest against one per cent excise duty on non-silver jewellery.

A large number of gold traders and jewellers continued their strike for the 28th day on Tuesday in protest against a proposed one per cent excise duty on non-silver jewellery.

Jewellers on Saturday called off an 18-day old strike demanding a roll-back of proposed excise duty on non-silver jewellery after the government assured them that there will be no harassment by excise officials.

Jewellers on Saturday called off their 18-day old strike demanding rollback of proposed excise duty on non-silver jewellery after government assured them that there will be no harassment by excise officials.

A strike by jewellers and bullion traders continued for the 18th straight day on Saturday demanding a roll-back of the proposed excise duty on non-silver jewellery.

A strike by bullion traders over the imposition of 1 per cent excise duty on non-silver jewellery entered its ninth day on Thursday.

India's jewellery sector is estimated to have incurred a revenue loss of over Rs 60,000 crore due to an ongoing indefinite strike that entered the ninth day on Wednesday, according to an industry body.

Over 300 jewellery associations across the country will observe one-day strike on February 10 to protest against norms that make it mandatory to quote PAN for any transactions of Rs 2 lakh and above.

Jewellers say about 80 per cent of the $122 billion industry's business comes from rural customers, mainly in the agriculture sector, who lack a so-called permanent account number (PAN), which is used to prevent tax evasion.