Posts

MSME loans up to Rs1 crore within 59 minutes

Image
Transformative initiative in MSME credit space The loans are undertaken without human intervention Finance Minister launches web Portal www.psbloansin59minutes.com The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley launched here today a transformative initiative in MSME credit space. The web portal  www.psbloansin59minutes.com   will enable in principle approval for MSME loans up to Rs. 1 crore within 59 minutes from SIDBI and 5 Public Sector Banks (PSBs). It is a strategic initiative of SIBDI led PSB consortium incubated under the aegis of Department of Financial Services (DFS), Ministry of Finance. The Portal sets a new benchmark in loan processing and reduces the turnaround time from 20-25 days to 59 minutes. Subsequent to this in principle approval, the loan will be disbursed in 7-8 working days. A first in MSME banking credit space, www.psbloansin59minutes.com  is one of its kind platforms in MSME segment which integ...

Tariff hike on cut and polished diamond Import!

Image
Overall increases 2.5 to 5% duty on GJ items! Tariff measures taken to curb The imports of non-essential items In an endeavor  to strengthen Indian Rupee & to halt a growing CAD issue, the Union Government has taken a decision to hike up the Import duty on choicest 19 items. Out of these 19 items about six items are related to GJ (Gem-n-Jewellery) Industry & trade. The Central Government has taken tariff measures, by way of increase in the basic customs duty, to curb import of certain imported items. These changes aim at narrowing the current account deficit (CAD). In all the customs duty has been increased on 19 items, here are six which is related to GJ Industry & Trade: S. No. Item Tariff code (HSN) Basic customs duty From To 1 Non industrial diamond (other than rough diamonds), i.e., cut and polished diamond 71 5 7.5 2 Dia...

YUG launches three collections

Image
Darya, Myra, Triyo collection With Swarovski Zirconia Tanvi Gold Cast LLP (TGC) will extend itseponymous brand’s reach with the launch of a new jewelry collection at an upcoming GJIIF2018. Truly deeply recently launched the newbrand positioning and identity design for Indianjewellery brand YUG-The beginning of New Era.   The new brand was launched along with their latest Italian collection, Solitaire Products, at the GJIIF in Chennai providing Indian retailers a glimpse of YUG’s new image. Darya Collection: Inspired by a mysterious and magical underwater world, ‘Dyra’ The Dyra jewelry collection reflects the charming beautyand fascinating elegance of the Italian actress,and features a smooth design and craftsmanuse of materials that confer timeless charm toprecious rings, bracelets, earrings and necklaces for women. Myra Collection : The YUG jewelry and Myra collection, with a stylistic motif that drawsinspiration from the company brand, is anexpression of si...

Amy unveils three collections!

Image
Dazzling, Pendulum, Sparkle Collections With Swarovski Zirconia Dazzling Collection: Amy proudly presents the whole new Dazzling Collection. These incredibly pretty earrings are inspired by the nature. Because when it comes to beauty, nature knows best. The collection is completely studded with Swarovski Zirconia. We have used latest jewellery technologies to make the design more lightweight. We are providing each pair of earrings in an average gold weight of 4 gms.   Pendulum Collection : Nothing lifts a look like a decorative pair of earrings. Whether you favour a shape that drops down to your shoulders or an eye-catching earrings can transform your personality, presenting the pendulum collection. Amy brings the theme of pendulum into jewellery to make an elegant jewellery collection. We used pure brilliance Swarovski Zirconia along with 22 carat gold in this collection. We are providing each pair of earrings in an average gold weight of 7 gms. ...

Display of Indian tradition with Karnaphool

Image
A contemporary twist for the festive season Jewellery Connoisseur Tanya Rastogi presents the latest edition of Karnaphool adorned with 18K gold, pearls, gemstones and diamonds that display Indian tradition with a contemporary twist for the festive season. An expert in designing antique polki and kundan jewellery, Tanya Rastogi’s present collection is a modernistic take on ancient Indian karigari and motifs. The collection exhibits interesting interplay of renowned peacock and floral motifs of the yore with swanky vertical bead threads while its multi-coloured beads remarkably link ancient Indian karigari with designs in vogue. The collection also turns the popular water drop design upside down, borders it with layers of diamonds and gemstones to build statement danglers of high fashion. Curated for the festive season, Tanya Rastogi’s latest Karnaphool collection suits the ultrachic’s evening party soiree. Paired with a gown or a fit and flare dress,...

Breast Cancer Awareness Coin available

Image
Coin & Stamp Set order booking from on October 1 The United States Mint will begin accepting orders for the 2018 Breast Cancer Awareness Coin and Stamp Set (product code 18CL) on October 1 at noon ET. Priced at $39.95, this set includes one Breast Cancer Awareness Proof Half Dollar produced at the San Francisco Mint and one U.S. Postal Service Breast Cancer Research stamp. The obverse (heads) of the coin features two women. The older woman has her hands on her chest and a relieved expression on her face. The younger woman, with a scarf on her head, holds one hand over her chest and the other raised in a fist as if she is ready to fight. A butterfly flies above the two women. Inscriptions on the obverse are “Liberty,” “2018,” and “In God We Trust.” The coin’s reverse (tails) depicts a Tiger Swallowtail butterfly in flight, a symbol of hope. Inscriptions on the reverse are “United States Of America,” “Half Dollar,” “E Pluribus Unum,” and “Breast Cancer Awareness.” ...

Trade war tariffs will cause sticker shock!

Image
Family Owned Nebraska Retailer Says, Tariffs Will Hurt Small Businesses! At an event in Washington today featuring small business owners, manufacturers and a farmer harmed by tariffs, the owner of a Nebraska electronics and appliance store represented the National Retail Federation and discussed how the growing trade war will hurt his business and customers. “We couldn’t be more discouraged by this ongoing trade war and what it means for our family owned company that has been in business for more than 70 years,” said Ron Romero, an NRF member and owner of Schaefer’s TV and Appliance, an independent retail business based in Lincoln, Neb. “We were only given a week’s notice in some cases to prepare for this latest tariff onslaught that couldn’t have come at a worse time as we approach the holiday shopping season, a very important selling season of the year.” “Tariffs are taxes that will cause sticker shock for our customers and ultimately lead to fewer sales and mak...