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GJC Delegation Meets RBI Deputy Governor, Makes GMS Presentation

The Proposal Was Acknowledged As An Innovative Initiative With The Potential To Become A Game Changer For The Industry and The Nation.

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A GJC delegation comprising Vice Chairman Avinash Gupta, Legal Consultant CA Bhavin Mehta, and National Secretary Mitesh Dhorda met with Shirish Chandra Murmu, Deputy Governor of the Reserve Bank of India,  along with his senior team.

During the meeting, the delegation made a detailed presentation on the proposed Gold Monetization Scheme (GMS). The RBI team appreciated the concept of the scheme. The proposal was acknowledged as an innovative initiative with the potential to become a game changer for the industry and the nation.

GJC remains committed to working closely with all stakeholders —including the government, banks, jewellers, gold depositors, and temple trusts—in the larger national interest and for the sustainable growth of the GJ industry.

The Gold Monetization Scheme (GMS) in India was launched with the primary objective of reducing gold imports by mobilizing the vast amount of idle gold held by households, institutions, and temple trusts, thereby decreasing the country’s heavy reliance on gold imports. By encouraging depositors to bring their unused gold into the formal banking system, the scheme puts this dormant gold into productive economic purposes, such as meeting the needs of jewellers and industries without requiring fresh imports.

Additionally, the scheme allows depositors to earn interest on their gold deposits instead of keeping gold idle at home, transforming a non-yielding asset into an income-generating investment while simultaneously strengthening India’s gold supply chain and reducing the trade deficit.

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Father’s Day Gift Guide – Reia Diamonds: Timeless Diamonds For The Man Who’s Always Been Your Constant

From Timeless Diamond Rings to Understated Everyday Essentials, Reia’s Father’s Day Gifting Guide Celebrates Dads With Meaningful Lab-Grown Diamond Jewellery Designed For Lasting Style and Personal Expression

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Fathers rarely ask for much. Which is why Father’s Day is the perfect moment to gift something lasting — a piece that quietly reflects strength, legacy, and everyday style. This year, move beyond predictable presents and choose lab-grown diamond jewellery from Reia: timeless, meaningful, and designed to be worn for years to come. Reia’s gifting collections focus on thoughtful jewellery crafted with certified lab-grown diamonds and personalised design sensibilities

1. For the Dad Who Keeps It Classic: Signature Solo Diamond Stud Earrings

A modern essential with timeless appeal, these solitaire studs bring understated sophistication. Clean, versatile, and quietly confident — much like him.

2. For the Minimalist Dad: Aisle Diamond Ring (Silver Finish)

For dads who appreciate clean lines and contemporary design, this sleek ring offers subtle brilliance without feeling overdone. Minimal, polished, and easy enough for everyday wear.

3. For the Dad Who Loves Details: Aisle Star Diamond Band

Sometimes the smallest design details make the strongest statement. This gold band with celestial-inspired motifs feels personal and elevated — ideal for the dad who notices craftsmanship.

4. For the Dad Who Believes Less Is More: Timeless Solitaire Ring

Elegant and effortlessly wearable, this ring strips design back to its essentials — letting a single diamond become the focal point. A forever piece for the man who never needs excess.

Whether your dad is a minimalist, a style enthusiast, or someone who values timeless classics, jewellery has become an increasingly meaningful gifting category — chosen not just for occasions, but for memories that last. Communities discussing Father’s Day gifting increasingly lean toward gifts that feel personal and enduring over generic options.

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