GJ Town India

Vividly coloured medallion honours tradition! The ancient, festival of lights-Diwali is celebrated by millions around the world in October or November each year depending on the cycle of the moon. Deities honoured during this five-day period in particular are Lakshmi, the goddess of wealth and prosperity, and Ganesha, the god of intellect and over comer of obstacles. An outstanding keepsake to mark the occasion, this vividly coloured medallion honours traditional depictions of the deities with a carefully considered design. Happy Diwali: The reverse of the medallion features a coloured representation of Lakshmi and Ganesha sitting on lotus flowers against decorated panels. Lakshmi holds lotus flowers and is dropping coins from her palm into a bowl at her feet. Ganesha grasps a bowl of sweets, a lotus flower and a conch shell symbolising victory. P-mintmark and the Rangoli: A mouse offers the god a delicacy from the selection before him. The design includes ...

Skill Development Programmes 2020 to benefit 10mn youth The Ministry of Skill Development and Entrepreneurship (MSDE) implements the PMKV Yojana (2016 - 2020) to encourage and promote skill development for the youth throughout the country. The scheme aims to benefit 10 million youth over the period of four years (2016- 2020). The benefits under the scheme can be availed by any anyone fulfilling the criteria specified in guidelines. In addition, a Special Project is being implemented at 40 locations in 13 states namely Andhra Pradesh, Delhi, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Puducherry, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal by Muthoot Fincorp Pvt Ltd. 80% of the trained candidates will be placed with Muthoot itself (Captive Placement). As per the details available so far 1679 candidates have been trained and 569 placed under project. The three Corporations under Ministry of Social Justice and Empowerment also implement Ski...

A more challenging environment Tumbles buying sentiment YoY! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2019.   Bruce Cleaver, CEO, De Beers Group, said: “While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.”   Particular: Cycle 5 2019 (provisional) [1] Cycle 4 2019 (actual) [2] Cycle 5 2018 (actual) Sales value [3] ($m) 390 416 581 Notes to this table: [1]   Cycle 5 2019 provisional sales value represents sales as at 24 June 2019. [2]   Cycle 4 2019 actual sales value is restated following the earlier publication of a provisional figure for the fourth sales cycle...

Teal colour meenakari offer Fifty shades of Blue RK Jewellers   Ultimate jewellery destination of luxury diamonds & gold ‘RK Jewellers South Extension 2’ presents ‘Celestial Affairs’ - it is latest captivating assortment in vibrant hues of blues captures the power of loyalty, wisdom and strength. Each piece in fascinating design has been divinely crafted to reflect the essence of the authenticity of Indian tradition. Blue being the colour of trust and freedom, the collection brings together the best of different worlds of blue to showcase enticing range to have one and all in awe! The collection comprises of teal colour bangle in meenakari, maharani ring in midnight blue, artistic peacock drop earrings and many more to exuberate the beauty of Indian designs. Crafted in 18 K white and yellow gold and adorned with precious blue gemstones & white pearl, the collection takes you to the era of 90’s. Mr. Rohan Sharma, Managing Director, RK Jewellers Sou...

Ghaghoo diamond mine The primary asset in Botswana Gem Diamonds Limited has entered into a binding agreement with Pro Civil (Pty) Ltd for the sale of 100% of the share capital of Gem Diamonds Botswana Proprietary Limited (GDB). Pro Civil is a company registered in Botswana. GDB's primary asset is the Ghaghoo diamond mine in Botswana which has been on care and maintenance since March 2017, and which is wholly owned by GDB.    GDB reported for the period ended 31 December 2018, loss before tax of BPW 49.5 million (US$ 4.9 million) and, as at the same date, had gross assets of BWP 42.3 million (US$ 3.9 million). Under the share sale agreement, Pro Civil will make a once-off upfront payment of US$5.4m for the share capital of GDB.   Gem Diamonds will use the sale proceeds for general corporate purposes.   In addition, Pro Civil will assume the environmental liability currently associated with GDB.          ...

HK Group celebrated 5 th International Yoga Day More than 4,914 yoga enthusiast participated in the event With an aim of improving health and physical fitness, Hari Krishna Group celebrated International Yoga Day (IYD) by organising a Yoga event for its employees with families and well-wishers, at Jio Garden, BKC in Mumbai and in HK Campus, Surat. Over 4,914individuals participated with great enthusiasm and spirit to support this initiative. The participants then rolled out their mats to perform various yoga Asanas and Pranayama as per the common yoga protocol. The major purpose of this event was to spread awareness about how practicing yoga on daily basis benefits our health and mind. Hari Krishna (HK) Group promotes a culture of employee wellbeing, and is dedicated to empower employees with yoga to create healthier, happier lives. The organisation also conducts focussed Yoga Shibirs in Surat for a month in the first half of every year. The management of the grou...

Alrosa, the 4 th Top among   Global mining companies! Alrosa, the world’s largest diamond mining company, ranked fourth globally and first in Russia among mining companies by total shareholder return (TSR) in the 2019 Value Creators report, a ranking compiled by The Boston Consulting Group (BCG). TSR is a key metric that shows the return to a company's shareholder, combining share price movements and dividends paid. The 2019 Value Creators ranking covers companies whose capitalisation exceeds USD 3.5 bn. According to the BCG analysts, Alrosa delivered an average TSR of 29.9% over the five years from 2014 through 2018, well above the industry’s median of 3.1%. The Value Creators Rankings have been published annually since 1999. This year, it covered around 2,250 companies that trade at least 20% of their shares in public capital markets and have been listed on a world stock exchange for the last five years. The companies are organised into 33 industry groups an...

Good exchange and ideas To forge the way forward for KP KP Plenary Session scheduled To be held Delhi in November 2019 India, as the KP Chair for 2019, successfully hosted the KP Intersessional meeting in Mumbai. The meeting which started on 17thJune concluded today, 21st June 2019. The Kimberley Process Certification Scheme (KPCS) Intersessional Meeting 2019 is an annual mid-year event of KPCS – a tri-partite mechanism that unites participating governments, diamond industry and civil society. KPCS is an international mechanism mandated by UN to reduce the flow of conflict diamonds which were being used to finance wars against legitimate governments. Mr. Alok Vardhan Chaturvedi, KP Chair and Director General of Foreign Trade (DGFT) hosted and addressed over 200KP delegates from 82 countries including the US, Russian Federation, European Union, Canada, China, Israel, Australia, UAE, and several producing countries from Africa– Sierra Leone, DR Congo, Angola, ...

Risky exporters are 3.5% of the total exporters! Why Manual checks in IGST refunds introduced! Some newspapers have highlighted a perceived set-back to the automated process of refunds for exporters under GST on account of the introduction of manual checks to curb large scale frauds in IGST refunds. These news items regrettably create a misleading impression that genuine exporters would suffer on account of the newly introduced verification process. The CBIC has recently instructed its Customs and GST formations to verify the correct availment of input tax credit (ITC) by few exporters who are perceived as “risky” on the basis of pre-defined risk parameters. Only 5,106 risky exporters have been identified so far as against about 1.42 lakh total exporters.   Thus the risky exporters are only 3.5% of the total exporters.   Further, in the last two days i.e. 17.06.2019 and 18.06.2019 only 1,436 Shipping Bills filed by total 925 exporters have been inter...

US$345K industry training initiative When Nicholas Simukoko and Sonny Kanyinji enrolled at the University of Zambia and Copperbelt University respectively, they had dreams of completing their studies, working in the mining industry and improving their families’ lives. While they were exceptional students, both men faced financial hardships that threatened to cut their studies short and derail any hopes they had of providing a better life for their families. “It was hard for me to concentrate at school because it was difficult to raise my school fees. I could not study peacefully,” said Mr Simukoko, who was being supported by his single parent mother and was not on the government bursary programme. Mr Kanyinji faced a similar struggle. But they did not give up, and despite all the hardships they faced, they concentrated on their studies and excelled at their schoolwork. Their hard work paid off when they were selected to benefit from Kagem Mining’s US$345,000 industry...

Irasva offers, Where…Sky is the limit! Irasva, the newest jewellery destination for liberated women, introduces its foremost collection of invigorating jewels with encouraging stories - Skyward Bound by Irasva. The essence of this collection lies in the beauty of assertively soaring high to achieve lofty ambitions, braving all storms, setbacks and lulls. The collection pays tribute to this determination that finds magnificent forms to be embraced with pride every day. The Skyward Bound Collection captures the memoirs of the adventurous journey towards achieving one’s ambitions. Each piece of this collection narrates a rare story of its own, celebrating the well- deserved wings of freedom. The collection offers a wide range of options to choose from, inspiring every woman to adorn her favorite version. Artistically crafted in white, pink and yellow gold each piece exhibits a different version of freedom that the motif wings signify. Combined with superlative in-house...

CCI begins Market Study Findings expected at end of August The Competition Commission of India (CCI) is conducting a Market Study on E-commerce in India (‘Study’). In view of the rapid growth of electronic commerce (‘e-commerce’) and the rising importance of online trade in a large number of goods and services in India, the study will allow the CCI to develop a better understanding of the functioning of e-commerce in the country and its implications for markets and competition. The preliminary findings of the study will be presented at a Workshop to be held in the end of August 2019. All relevant stakeholders will be invited to share their views and deliberate on identified issues at this workshop. The final study report is expected to be published in the third quarter of 2019-20. The e-commerce study is 20th in the series of market studies that have been conducted by the CCI till date. Market studies contribute significantly to the capacity of competition authoriti...