National News
WGC Cautions Against Gold Import Duty Hike in Budget 2025
The World Gold Council (WGC) has raised concerns over the potential impact of an increase in gold import duties in the upcoming Union Budget for 2025. The government’s decision to lower the import duty on gold in July 2024 had a significantly positive effect on the industry. It led to a reduction in informal gold imports, stabilized official channels, and fostered a more transparent and organized market. The WGC highlighted that raising duties now could lead to a surge in smuggling, drive up domestic gold prices, and negatively impact the sector’s growth.
Sachin Jain, Regional CEO of WGC India, emphasized the importance of maintaining the current customs duty to ensure continued stability in the market. He pointed out that any increase in import duties could reverse the progress made over the last year, especially as the gold industry contributes approximately 1.3% to India’s GDP and provides employment to 20-30 lakh people. Jain called on the government, financial institutions, and industry players to work together to preserve the positive momentum in the market, fostering an environment where the gold sector can continue to thrive.
The government’s budget announcement on February 1 will be closely watched, particularly as India grapples with weak GDP growth and a slowdown in consumption. With expectations for progressive, industry-friendly measures, the WGC hopes that the government will maintain its stance on reducing gold taxes and focus on measures that support economic growth while benefiting all stakeholders in the gold industry.
National News
Talla Jewellers Successfully Hosts Free Health Checkup Camp with Fortis Escorts Amritsar and Live For Others Foundation
Talla Jewellers, in collaboration with Fortis Escorts Amritsar and the Live For Others Being Helpful Foundation, successfully conducted a Free Health Checkup and Medical Consultation Camp on 1st December at its Janipur Store.
Held from 8:00 am to 12:30 pm, the initiative saw strong participation from the local community, with residents walking in for complimentary services that included complete body checkups, doctor consultations, health screenings and expert medical guidance. Participants also received their medical reports directly on WhatsApp for convenience.
The event aimed to promote early detection and encourage preventive healthcare, offering accessible medical support to individuals and families. The camp concluded with positive feedback and appreciation from attendees, reinforcing Talla Jewellers’ commitment to community well-being.
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