Heena Sharma Blog

The Union commerce ministry has sought a reduction in the import duty on gold in the coming Union Budget , with a view to pushing manufacturing and export of the gems and jewellery sector, a source said. In last year’s Budget, the government raised the tariff on gold to 12.5 per cent. Since then, the global price of gold has risen nearly 20 per cent, magnifying the rise in customs duty. These, the gems and jewellery sector has pleaded, are choking the high-jobs generating sector. Jewellery retailers and exporters have urged the tariff be cut and also the goods and services tax (GST) on jewellery certification. “ In the past 12-18 months, at least 20 per cent of a skilled workforce of an estimated million has migrated to other services, including food delivery chains like Swiggy and public car transportation services like Ola and Uber. Migrated skilled workers, according to them, earn around Rs 45,000 a month, which the jewellery industry cannot match due to a slowdown in do...

Apple was undertaking trial production for the 6S models since April                      Companies News : The second iPhone to get the tag of 'Made in India' after iPhone SE is iPhone 6S. According to the Economic Times report, local production of 6S model started last week at the Bengaluru facility of its Taiwan-based contract manufacturer Wistron. Wistron, which will assemble iPhones in Bengaluru, is one among the few original design manufacturers Apple employs to build its iPhones. The company has previously won contracts abroad to manufacture lower-cost iPhone 5c, 5s, and SE devices, while larger partners such as Foxconn have handled production of flagship iPhone models. The Cupertino-based maker of iPhones and Mac computers started manufacturing iPhone SE in India last May and it is now ready to add a second model to the manufacturing line. Apple was undertakin...