Post Budget Reaction from Mr Rajesh Rokde, Vice Chairman, All India Gem and Jewellery Domestic Council (GJC)

“While the Honourable FM has presented a well-balanced budget and revision in Income tax is a welcome move. The Gems & Jewellery Industry is deprived of their key budget recommendations such as Reduction in Gold Custom Duty, EMI on Gold Jewellery, Reduction in credit card commission levied by banks and many more issues that are not highlighted in the Union Budget 2023-24. Gems & jewellery industry plays a very pivotal role in our nation’s GDP and we shall continue approaching the Ministry as this industry needs special attention towards our concerns and provide relief for the progress of the Industry.”

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