28% GST on luxury, sin goods to continue

The government intends to continue with the top GST slab of 28 per cent for luxury and sin goods, but is open to discuss narrowing down the three slabs of 5, 12 and 18 per cent into two, Revenue......

Gems, jewellery: A cut in duty sought

India is home to the world largest diamond processing center and plays a dominant role in the processing of gem and jewellery in the world. It is also largest consumer of gold and silver jewellery......

Highlights of Union Budget 2022-23

Finance Minister Nirmala Sitharaman presented her fourth Budget in the Lok Sabha on Tuesday. Illustration: Dominic Xavier/Rediff.com Following are the highlights of the Union Budget 2022-23......

Hit by EU move, Indian jewellers plan to woo European buyers

India processes around 90% of the world's supply of rough diamonds. Faced with a sharp decline in exports owing to removal from the European Union's preferential list, Indian jewellers plan to woo......