Nitin Khandelwal, Chairman, GJF on Union Budget 2017-18


By K. Vivek Mob: 09820310487 Email:


Nitin Khandelwal, Chairman, All India Gems & Jewellery Trade Federation (GJF) said “The budget tabled by the honorable Finance Minister is a populous budget and gives some cheer to the entire nation. The initiatives taken to boost the rural India are commendable.

The rural development and spends proposed for agriculture will help the farmers. With these initiatives we can expect increase in agri-produce which in return will have a significant impact on the GDP growth of the country. GJF appreciates the Union Budget 2017-18 and the initiatives to Shift to digital platforms and focus on increase transaction on digital platforms. However, the cash transaction limit upto 3 lakhs may affect consumers who still believe in cash. Gold jewellery purchases, being of high value, with majority of the customers based in rural segments may find difficulties. We are hopeful that soon Government will consider increasing the PAN card limit and hope there will be a good reduction in Import Duty of Gold.


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