The Hallmarking of jewellery/artefacts is required to enhance the credibility of gold Jewellry and Customer satisfaction through third party assurance for the marked purity/fineness of gold , consumer protection. This step will also help to develop India as a leading gold market center in the World.
Deadline For Mandatory Hallmarking Of Gold Extended To June 15 The government on Monday extended its deadline for mandatory hallmarking of gold jewellery to June 15 from its previous deadline of June 1.
Updated: May 25, 2021 12:28 pm IST
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present.
The government on Monday extended its deadline for mandatory hallmarking of gold jewellery to June 15 from its previous deadline of June 1. Hallmarking of Gold Jewellery is set to begin from 15th June 2021. In view of Covid, Government accepted the request of stakeholders to give jewellers some more time to get prepared for implementation and resolve issues. Earlier it was expected to be implemented from 1 June 2021, Ministry of Consumer Affairs, Food & Public Distribution said in a press release.
Compulsory Hallmarking Of Gold Jewellery Deferred By Two Weeks; To Begin From June 15
by Arun Kumar Das - May 25, 2021 05:20 AM
Inside view of a jewellery shop in Connaught Place New Delhi. (Pradeep Gaur/Mint via GettyImages)
Snapshot
BIS (Hallmarking) Regulations were implemented from June 14, 2018.
The hallmarking of jewellery and artefacts is required to enhance the credibility of gold jewellery and customer satisfaction through third-party assurance for the marked purity and fineness of gold.
At present, only 30 per cent of Indian gold jewellery is hallmarked, leading to authenticity concerns.
Hallmarking of gold jewellery is set to begin from June 15 this year as in view of Covid, the government has accepted the request of stakeholders to give jewellers some more time to get prepared for implementation and resolve issues.
New Yorkers like mobile banking but have security concerns: study
New Yorkers like their smartphones and do not mind using them for banking, a study by the Department of Consumer Affairs (DCA) reveals.
Virtually all (96 percent) of New Yorkers own a cellphone, with most of them (80 percent) being smartphones. That trumps the respective national averages of 87 and 71 percent. The underbanked, young (18-29), wealthy and people who moved to New York from other countries exhibit especially high smartphone usage.
The DCA partnered with the Cities for Financial Empowerment Fund (CFE Fund), Capital One and the MetLife Foundation to to look at all aspects of how mobile usage can improve financial inclusion.
Notably, the production and domestic availability of oilseeds in India falls way short of the needs of domestic demand for edible oil. A big volume of edible oil is imported each year.