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GJNRF Receives Prestigious Award for Outstanding Contribution to Social Consciousness

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The Gem & Jewellery National Relief Foundation (GJNRF) was honored with the “Award for Outstanding Contribution to Social Consciousness” at the World CSR Day event held at Taj Lands End, Bandra. Presented by the World CSR Congress and Awards, this accolade celebrates GJNRF’s impactful work in corporate social responsibility, sustainability, and community development. The foundation has been recognized for its tireless efforts in improving social welfare, promoting environmental sustainability, and driving positive change within the gem and jewelry industry.

GJNRF’s initiatives, ranging from education and healthcare to disaster relief, have made a lasting impact on marginalized communities and environmental preservation. This prestigious award reflects the foundation’s commitment to fostering social consciousness and creating a better future through corporate responsibility, collaborating with industry leaders, non-profits, and government bodies to create lasting, transformative change.

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National News

GJEPC, IFSCA and IIBX Hold Webinar On Gold and Silver Supply Mechanism For Exporters

International Spot Prices Also Strengthened: Spot Gold Climbed Above $4,200/oz

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GJEPC, in collaboration with the International Financial Services Centres Authority (IFSCA) and India International Bullion Exchange (IIBX), organized a webinar on 19 June to explain the newly liberalized framework that enables GJEPC Registration-cum-Membership Certificate (RCMC) holders to access gold and silver directly through IIBX for export purposes. More than 200 industry participants attended the session.

Delivering the special address, Ramakrishnan Padmanabhan, General Manager, IFSCA, spoke about the regulator’s efforts to broaden access to bullion imports and strengthen India’s bullion ecosystem.

Initiative is expected to improve access to precious metals for export manufacturing and provide a major boost to exporters, particularly MSMEs.

The technical session was led by Ashok Kumar Gautam, Managing Director & Chief Executive Officer, India International Bullion Exchange (IIBX). Officials from IFSCA and IIBX presented the operational framework of IIBX, detailing onboarding procedures, trading and settlement mechanisms, depository systems, vault infrastructure and customs processes. Participants were informed that eligible GJEPC RCMC holders can import gold and silver duty-free for export purposes under the prescribed customs framework.

 K.K. Duggal, Senior Director – Policy, GJEPC, highlighted the significance of the recent regulatory change that recognizes all GJEPC RCMC holders as Qualified Jewellers on the IIBX platform.

The webinar concluded with an interactive question-and-answer session, during which queries from participants were addressed by officials from GJEPC, IFSCA and IIBX. Exporters were encouraged to onboard as Qualified Jewellers and leverage the IIBX ecosystem for transparent, efficient and globally competitive bullion sourcing.

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