Pursuits
Jewelers in India End Three-Week Strike on Minister Assurance
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Jewelers in India, the biggest bullion buyer, suspended the longest nationwide strike after the government assured them it will consider their concerns on a tax on non-branded gold ornaments.
The 21-day strike ended after their meeting with Finance Minister Pranab Mukherjee, who imposed a 1 percent levy for non-branded jewelery for the first time and doubled import duties on gold bars, coins and platinum in his March 16 budget speech, according to an e-mailed statement from the All India Gems & Jewellery Trade Federation.