National News
GJEPC, BDB Hold Outreach Session On New Income Tax Regime
New Income-Tax Act, 2025 Introduces A Simpler, More Transparent, Technology-Driven and Taxpayer-Friendly Framework
GJEPC and Bharat Diamond Bourse (BDB) co-organised an outreach programme under the ‘Prarambh 2026’ initiative in Mumbai, on 8 May 2026. The programme focused on the Income-Tax Act, 2025 and Income Tax Rules, 2026, with emphasis on international taxation and transfer pricing.
Nirupama Kotru, IRS, Chief Commissioner of Income Tax (International Taxation & Transfer Pricing), Western Zone, Mumbai, attended as chief guest, while Mohit Jain, IRS, Chief Commissioner of Income Tax, Mumbai, was the guest of honour.
Senior officials from the department included Sanjay Deshmukh, Principal Commissioner of Income Tax (International Taxation); Alok Kumar, Commissioner of Income Tax (Transfer Pricing); Ramapriya Raghavan, Commissioner of Income Tax (Transfer Pricing); Nischay Samaiya, CIT-OSD; and Sanjeet Nair, Additional Commissioner of Income Tax.
The dignitaries were welcomed by Shaunak Parikh, Vice Chairman, GJEPC; Khushboo Ranawat, Western Regional Chairman, GJEPC; Mehul Shah, Vice President, BDB; Mittal Doshi, Convenor – BITC, GJEPC; and Bharat Ghori, Co-Convenor, MSME, GJEPC.
Addressing the gathering, Â Kotru said the new Income-tax Act, 2025 introduces a simpler, more transparent, technology-driven and taxpayer-friendly framework. She said the department launched outreach initiatives to strengthen engagement with taxpayers, encourage voluntary compliance, and build greater trust between industry and government.
National News
MCX Gold Futures Traded Flat,Silver Prices Decline
​A Firm U.S. Dollar and Elevated U.S. Treasury Yields Kept Precious Metals Under Pressure As Investors Maintained A Cautious Stance
Domestic gold futures traded flat on Tuesday while silver prices moved lower, dragged down by a stronger U.S. dollar and elevated bond yields, even as surging crude oil prices driven by escalating Middle East tensions offered underlying support.
​MCX gold futures were virtually unchanged at Rs 151,101 per 10 grams, while silver futures slipped 0.37% to Rs 231,830 per kg.
​A firm U.S. dollar and elevated U.S. Treasury yields kept precious metals under pressure as investors maintained a cautious stance ahead of the Federal Reserve’s upcoming interest rate decision. However, sharp gains in energy markets limited deeper losses in bullion.
​Crude oil rallied to three-month highs following fresh military escalations between the U.S. and Iran. Brent crude futures traded near $107 per barrel, while West Texas Intermediate (WTI) hovered around $103 per barrel.
​In retail physical markets, domestic 24-carat gold held steady around indicative levels of Rs 154,080 per 10 grams, while silver was quoted near Rs 244,900 per kg, subject to regional taxes and making charges.
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