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Indian diamond industry: Looking forward


08 march 2021
22 february 2021
Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs. The Indian diamond trade has asked the Government for an amendment in taxation provisions to allow the sale of rough diamonds in the Special Notified Zone (SNZ) in Mumbai; and exemption of two-per cent equalization levy on rough diamond sales. According to industry members, miners could pay a ‘turnover tax’ not exceeding 0.16%, which is the prevailing rate in Belgium. Labourers are also demanding implementation of labour laws and Factory Acts in the diamond factories, claiming that around 10 polishers across the state had committed suicide in the last few months due to joblessness. ....

United States , Hong Kong , United Kingdom , South Africa , City Of , De Beers , Free State , Andhra Pradesh , New Zealand , Vipul Shah , Shri Piyush Goyal , Sanjay Shah , Suvankar Sen , Paul Rowley , Sabyasachi Ray , Tinto Argyle , Arupa Dutta , Shailesh Sangani , Ajoy Chawla , Shri Uddhav Thackeray , Aruna Gaitonde , Yevgeny Agureev , Shri Suresh Kumar , Colin Shah , Sanchi Jain , Shri Senthil Nathan ,

Increased funding to working capital grants program will help prevent bankruptcies


Increased funding to working capital grants program will help prevent bankruptcies - PM Karins
2021-02-18
Photo: Saeima
RIGA - Increased funding to the working capital grants program will enable businesses to avoid bankruptcies, Prime Minister Krisjanis Karins (New Unity) said at the government meeting Thursday. 
The government has endorsed the Economics Ministry s proposal to increase the amount of funds available under the working capital grants program more than fourfold up to EUR 310.8 million.
Karins pointed out that his Cabinet is sometimes criticized for not providing sufficient support to businesses but today s decision proves the opposite. This support will help prevent many companies from going bankrupt and will enable them to resume operations as soon as the situation permits, the prime minster said.  ....

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How can Budget 2021 unleash greater potential for healthcare and pharma sector


How can Budget 2021 unleash greater potential for healthcare and pharma sector
Similar to the anticipation for the COVID-19 vaccination, the healthcare industry is also looking forward to an incentive booster in the upcoming Union Budget
The medical devices sector and pharma sector play an indispensable role in improving healthcare access
The Indian healthcare industry has significantly evolved in the last decade. However, healthcare provision still remains inequitable. The basic challenge is accessibility to quality and affordable healthcare in most parts of the country. Further, factors such as changing demographics, rising life expectancy, and growing public awareness have contributed to a higher demand for medical care. The medical devices sector and pharma sector play an indispensable role in improving healthcare access. ....

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