Indian Jeweller (IJ) August - September 2020
Stock them Fresh, Stock them Right ! Hottest jewellery trends to attract youngsters. All Hopes on the festive season - Jewellery demand to rise & shine | Retail experts on how to get customers into your store.
Stock them Fresh, Stock them Right ! Hottest jewellery trends to attract youngsters. All Hopes on the festive season - Jewellery demand to rise & shine | Retail experts on how to get customers into your store.
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AssoCiAtion & trAdE bodiEs<br />
Sitapura Gems and <strong>Jeweller</strong>y Association<br />
declares election results<br />
Sitapura Gems and <strong>Jeweller</strong>y<br />
Association elections took<br />
place recently, wherein<br />
Gaurav Jain Mandot was<br />
elected president, Arvind Gupta<br />
Vice President, Anand Rao,<br />
Secretary; Abhishek Sand, Joint<br />
Secretary and Jaydeep Gupta,<br />
Treasurer. These members won<br />
unopposed and woe to work<br />
for the association with total<br />
dedication and commitment<br />
and voice concerns of industry<br />
colleagues effectively.<br />
Speaking about the action<br />
plan ahead, the President of the<br />
association Gaurav Jain Mandot<br />
said, “The post lockdown<br />
situation has made everyone to<br />
garner their strengths. During<br />
the lockdown, we had a lot of<br />
time on hand, so we have sorted<br />
out all the problems faced by the<br />
industry. We are fully equipped<br />
to fulfill the orders in the coming<br />
season, as the markets open. A<br />
lot of artisans are on their way<br />
back, work orders will be fulfilled,<br />
I am quite confident.” <br />
GJEPC suggests changes to gold deposit<br />
scheme to make it more attractive<br />
The Gems and <strong>Jeweller</strong>y Export Promotion<br />
Council has suggested changes to the<br />
Revamp Gold Deposit Scheme (R-GDS) in<br />
a video conference with Tarun Bajaj, Secretary<br />
in the Department of Economic Affairs,<br />
recently, the GPEPC said.<br />
GJEPC Chairman Colin<br />
Shah said that the R-GDS<br />
has not been highly<br />
successful because of a<br />
host of factors, including<br />
apprehensions from an<br />
income tax standpoint,<br />
trust deficit amongst various stakeholders,<br />
lack of geographical reach of banks, lack of<br />
commercial lucrativeness, a lock-in period,<br />
and penalty on premature withdrawal, among<br />
others.The R-GDS is a fixed deposit scheme<br />
for the yellow metal, with<br />
the objective of mobilising<br />
gold held by households<br />
and institutions in the<br />
country.The scheme offers<br />
customers an opportunity<br />
to deposit their idle gold<br />
and earn interest on it. <br />
INDIAN JEWELLER | august-september <strong>2020</strong> | 67
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