• Home
  • Contact Us!
  • Privacy Policy

Radio Metta

  • Home
  • Business
  • Education
  • Health
  • Home Deco
  • News
  • Real Estate
  • Technology
  • Contact Us!
  • Privacy Policy
Home» News»Now, political parties add their two bits to jewellers’ strike

Now, political parties add their two bits to jewellers’ strike

Saheli 07 Apr 2016 News Comments Off on Now, political parties add their two bits to jewellers’ strike 10 Views

The ongoing all-India strike by jewellery associations against additional excise duty on gold, has turned into a political battleground.

Senior political leaders from the Shiv Sena, Congress and Aam Aadmi Party (AAP) have come out in support of jewellers who have been on strike for 37 days – the longest in nearly eight years.

“The strike is causing a loss of sales of Rs 6,500 crore and a revenue loss of Rs 2,100 crore per day. As against an average import of 90 tonnes of gold, last month saw the import of only 12 tonnes,” said Kumar Jain, secretary, India Bullion and Jewellers Association Ltd (IBJA).

Jewellers are opposing imposition of additional one per cent excise duty on non-silver jewellery that was announced in the Union Budget on February 29. The government has proposed one per cent excise duty on jewellery without input credit or 12.5 per cent with input tax credit on jewellery excluding silver, other than those studded with diamonds and precious stones.

Interestingly, the agitation that was started by various jewellery associations has now become an opportunity for political leaders to air their opposition against government policies.

On Tuesday, Shiv Sena MPs tried meeting Prime Minister Narendra Modi but failed to get an appointment. The party now plans to support the agitation from Mumbai.

Congress vice-president Rahul Gandhi, who has already met the striking jewellers in Delhi, is expected to again lend his support in Mumbai in the coming week.

“Next week, Rahul Gandhi is expected to come to Mumbai and meet representatives of jewellery associations as part of his itinerary,” said Mr Jain.

Incidentally, Mr Gandhi on Wednesday said the additional excise duty is an “assassination attempt” on traders by the government. “This is not an excise duty on you. This is an assassination attempt on you. You are being killed… But why are you being killed? Who will benefit from this?” he said while addressing a rally of IBJA and Swarnakar Federation at Jantar Mantar.

Earlier this week, AAP leader and Delhi chief minister Arvind Kejriwal also addressed a rally of striking jewellers.

[Source:- The Hindu]

Add bits jewellers’ Now parties political strike their to two 2016-04-07
Tags Add bits jewellers’ Now parties political strike their to two
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : Saheli
Previous Article :

Report: Decaying School Infrastructure Putting Student Health At Risk

Next Article :

Pune ‘IS suspect’ arrest a case of mistaken identity?

Related Articles

Your SEO Budget Is Determining Your Success

admin 03 Sep 2022

WAN Connection Method – Frame Relay

admin 26 Aug 2022

UP Election 2022: Insult to bicycle is insult to nation – Akhilesh’s retort after PM Modi’s remark

Loknath Das 14 May 2022

Latest Post

News

Your SEO Budget Is Determining Your Success

admin 03 Sep 2022
News

WAN Connection Method – Frame Relay

admin 26 Aug 2022
Education

GESS Proudly Supports and Sponsors UAE Based Team in Global STEM Challenge

Loknath Das 28 Jul 2022
Technology

The Samsung Galaxy Z Flip4 gets FCC certification

Loknath Das 22 Jul 2022
Education

USF faculty, students to present at 2022 American Educational Research Association Annual Meeting

Loknath Das 22 Jul 2022
Technology

“Critical” We Understand Digital Money’s Impact: US Policymaker

Loknath Das 07 Jun 2022
Health

Firefly Health Taps Oshi Health to Add Whole-Person Digestive Care to Its Virtual Specialty Network

Loknath Das 06 Jun 2022
June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« Sep    
  • Home
  • Contact Us!
  • Privacy Policy
Copyright 2016, All Rights Reserved
Magazine Blog News WordPress Theme