Monday 11 April 2016

Jewellers Strike In Maharashtra.Reasons,Effects,Pros&Cons

Budget 2016: Jewellers to go on strike in protest over gold tax .

MUMBAI: Jewellers will go on indefinite strike from Tuesday in protest over the reintroduction after four years of sales tax on gold jewellery, trade body said. 

The strike could curb gold imports by the world's second biggest consumer and put pressure on global prices. 

Finance Minister Arun Jaitley announced an excise duty of 1 per cent on gold and diamond jewellery on Monday.