National News
Jewellery Manufacturers Seek Tax Relief As Rising Gold Prices Inflate Inventory Valuations
Higher Gold Prices Sustained Turnover Value, But Jewellery Volumes Declined As Consumers Adjusted To Costlier Purchases.
Jewellery manufacturers in Coimbatore have submitted a representation to the Government of India seeking a review of the existing methodology for valuation of gold inventory for income tax purposes, citing significant financial pressures arising from the sharp increase in gold prices.
According to industry representatives, the closing stock value of gold held by jewellery manufacturers and retailers is currently determined on the basis of the weighted average cost of inventory available at the end of the financial year. The sector has highlighted that gold prices witnessed an increase of approximately 65 per cent between March 2025 and March 2026, resulting in a substantial rise in the book value of inventory.
Industry stakeholders have stated that while the monetary value of sales turnover may have remained comparable to the previous year due to higher gold prices, the actual quantity of jewellery sold has declined as consumers adjust to elevated price levels. Consequently, manufacturers contend that the appreciation in inventory value is being reflected in taxable income despite the absence of corresponding realised sales and cash flows.
The industry has further represented that maintaining adequate gold inventory is essential for meeting consumer demand for a wide range of designs and product categories. As a result, manufacturers are unable to significantly reduce stock holdings without affecting business operations and market competitiveness.
Particular concern has been expressed by micro and small-scale jewellery manufacturers, who report increased working capital requirements and liquidity constraints arising from taxation linked to inventory appreciation. Industry associations have requested that the Government examine alternative valuation or taxation mechanisms that more accurately reflect realised business income and cash generation.
The representation seeks consideration of suitable policy measures to address the financial impact of inventory value appreciation on jewellery manufacturers while ensuring continued compliance with taxation requirements and supporting the sustainability of the sector. Hence, the government should take separate statement of the gold stock with the manufacturers every year. It should collect advance tax based on the sales.
National News
PM Narendra Modi Becomes India’s Longest-Serving Prime Minister, Marks 4,399 Consecutive Days In Office
Celebrating 4,399 Days Of Shri Narendra Modi’s Leadership As Prime Minister Of India — A Journey Shaped By Vision, Reform, Empowerment, and Nation-Building.
In a landmark moment in India’s political history, Hon’ble Prime Minister Shri Narendra Modi completed 4,399 consecutive days in office on June 10, 2026, becoming the longest-serving Prime Minister of India. The achievement marks a significant milestone in the nation’s democratic journey and reflects a sustained commitment to public service, transformative governance, and nation-building.
Over the course of the past 12 years, Prime Minister Modi’s leadership has been characterized by bold decision-making, far-reaching reforms, and an unwavering focus on inclusive development. His tenure has witnessed extensive efforts aimed at empowering the poor, farmers, women, and youth, while simultaneously strengthening India’s economy, enhancing the country’s global stature, and ensuring that the benefits of development reach every section of society.
Over the last 12 years, these guiding mottos have reflected the spirit of governance and progress:
- Public Service is the Resolve
A commitment to service-driven governance and citizen welfare.
- From Empowerment to Prosperity
Focusing on opportunity, inclusion, and economic growth.
- Nation First — The Core Mantra
Placing national interest at the center of policy and progress.
- Virasat Bhi, Vikas Bhi
Preserving heritage while accelerating development.
- Nation Building is the Mission
Working toward a stronger, more resilient, and future-ready India.
The occasion also commemorates 12 Glorious Years of Lok Seva, a period marked by transformative initiatives across infrastructure, digital governance, financial inclusion, healthcare, education, entrepreneurship, and social welfare. These efforts have contributed to reshaping India’s development landscape and accelerating its progress toward becoming a leading global power.
To celebrate this historic achievement, a comprehensive set of documents highlighting the key milestones, flagship initiatives, and achievements of India’s transformational journey has been released. Beginning on the morning of June 10, 2026, these materials are being shared to facilitate broader public outreach and awareness.
The documents are expected to serve as valuable reference material for creating social media campaigns, digital content, graphics, videos, communication collateral, and public engagement initiatives, enabling stakeholders to showcase the impact and achievements of the government’s developmental agenda over the last twelve years.
As India marks this historic milestone, the occasion stands as a reflection of a leadership journey focused on development, empowerment, reform, and national progress, while reaffirming the vision of a stronger, more inclusive, and globally influential India.
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