Latest news with #Rakshabandhan
Time of India
2 days ago
- Business
- Time of India
Government introduces hallmarking for 9 karat gold
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The government on Friday notified hallmarking of nine karat gold jewellery which the industry said will help to revive demand for light weight gold jewellery when high price of gold is keeping consumers away from the yellow notification was made by the ministry of consumer affairs which till now had specified hallmark standards for gold of 24, 23, 22, 20, 18 and 14 karats. This comes at a time when gold sales by volume fell by 60% in June, the steepest fall since Covid.'We had been urging the government to introduce hallmarking of 9 karat gold for over a year. The government's decision will spur movement of gold in the rural areas where the budget for gold jewellery purchase is much lower than urban," said Surendra Mehta, national secretary of the India Bullion & Jewellers Association (IBJA). He said even in urban areas, younger consumers will now buy gold price of 9 karat of gold is estimated to be Rs 37,000 per 10 gm, which is much lower than Friday's 24 karat gold rate of Rs 97,828 per 10 gm. With a 3% goods and services tax, 9 karat gold costs Rs 38,110 per 10 gm at the retail end while it crosses Rs 1 lakh per 10 gm for higher jewellery industry is particularly happy since the announcement came ahead of the crucial festive season when gold sales is expected to increase. Demand typically increases from Rakshabandhan in August and continues till Diwali, followed by the winter wedding season which begins from annually consumes 800-850 tonnes of the yellow metal. Of this, nearly 60% is consumed by rural India, as per the Russia-Ukraine war, gold price has been on a boil and has rallied by over 25% in the last one year. Due to this, several large jewellers have recently started selling 9 karat jewellery to attract executives said the hallmarking for 9 karat will help jewellers to reduce their working capital requirement which had shot up due to price surge. 'Many gold jewellery units have started shifting from manufacturing high karatage jewellery to 14 karat and 9 karat jewellery. The hallmarking for 9 karat jewellery will further boost this shift,' said a senior gold trade Sen, managing director & CEO of jewellery chain Senco Gold , said modern designs come out smartly in 9 karat gold allowing for design innovation. "Hallmarking will give confidence to customers. It will also boost exports of gold jewellery from the country,' he said BIS will take at least one month to put in place all the formalities at the hallmarking centres spread across the country for 9 karat gold hallmarking
Time of India
12-07-2025
- Business
- Time of India
Silver shines at record Rs 1.1 lakh per kg in Ahmedabad
Ahmedabad: Silver prices reached an all-time high of Rs 1.10 lakh per kg in the Ahmedabad bullion market on Saturday, driven by global geopolitical tensions and strong industrial demand. Bullion traders attribute the surge to heightened uncertainties in international markets, including conflicts in Europe and West Asia, alongside growing silver consumption in sectors such as electronics, solar energy, and electric vehicles. "Silver is increasingly seen as a hedge in uncertain times, similar to gold. At the same time, demand from industries is pushing prices up steadily," said Haresh Acharya, director of India Bullion and Jewellers' Association (IBJA). "However, the rally has left jewellers concerned, particularly with the festive season around the corner. With Rakshabandhan approaching, silver coins and gift articles typically witness a spike in demand, but the steep prices may dampen consumer sentiment," he added. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad While investors may see silver as a safe bet, retail buyers are likely to turn cautious. If prices continue to climb, jewellers fear that demand for silver jewellery, bars, and gift items may remain subdued in the upcoming festive months.
Hindustan Times
09-07-2025
- Politics
- Hindustan Times
Vice Chancellors of JNU will be referred to as Kulgurus, says MP CM
Bhopal, Vice Chancellors of the Jawaharlal Nehru University will be henceforth referred to as "Kulgurus", drawing "inspiration" from a similar decision of the Madhya Pradesh government last year, Chief Minister Mohan Yadav said on Wednesday. Vice Chancellors of JNU will be referred to as Kulgurus, says MP CM Addressing ministers ahead of the state cabinet meeting, Yadav stated that JNU has adopted the "navachar" introduced by the state government. "Like Madhya Pradesh, the Vice Chancellor of JNU will now be known as 'Kulguru'," he said. However, the chief minister did not clarify whether JNU has formally implemented this change or if an official administrative order has been issued. Yadav noted that the decision draws inspiration from a decision taken by the Madhya Pradesh government last year, which renamed the university post of Vice Chancellor to 'Kulguru.' He had stated that the change aligns with Indian sanskriti and Guru Parampara , and that the term "Kulpati" could be problematic for women officeholders due to its awkward connotation. The chief minister on Wednesday reiterated that women beneficiaries of the Ladli Behna Yojana will receive a special assistance of ₹250 for Rakshabandhan, in addition to their regular monthly financial aid. Beneficiaries will receive the amount directly into their accounts on July 12. To mark Guru Purnima on July 10, Yadav announced a two-day Guru Purnima Utsav in all schools and colleges. District ministers, public representatives, prominent citizens, and saints will participate in the celebrations. On this occasion, Sandipani Vidyalaya will be inaugurated in Bhopal, he added. Yadav claimed the removal of BRTS has reduced road accidents by 51 per cent and fatalities by 70 per cent, which he said is a "pleasant outcome of the decisions taken by the Madhya Pradesh government in public interest". The government had decided to remove BRTS in January 2024. This article was generated from an automated news agency feed without modifications to text.
Time of India
09-07-2025
- Politics
- Time of India
Vice Chancellors of JNU will be referred to as Kulgurus, says MP CM
Vice Chancellors of the Jawaharlal Nehru University (JNU) will be henceforth referred to as "Kulgurus", drawing "inspiration" from a similar decision of the Madhya Pradesh government last year, Chief Minister Mohan Yadav said on Wednesday. Addressing ministers ahead of the state cabinet meeting, Yadav stated that JNU has adopted the "navachar" (innovation) introduced by the state government. "Like Madhya Pradesh, the Vice Chancellor of JNU will now be known as 'Kulguru'," he said. However, the chief minister did not clarify whether JNU has formally implemented this change or if an official administrative order has been issued. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 발톱무좀 너무 쉬운 이 방법? 직장인 꿀팁 저장소 더 읽기 Undo Yadav noted that the decision draws inspiration from a decision taken by the Madhya Pradesh government last year, which renamed the university post of Vice Chancellor (Kulpati) to "Kulguru." He had stated that the change aligns with Indian sanskriti (culture) and Guru Parampara (spiritual tradition), and that the term "Kulpati" could be problematic for women officeholders due to its awkward connotation. Live Events The chief minister on Wednesday reiterated that women beneficiaries of the Ladli Behna Yojana will receive a special assistance of Rs 250 for Rakshabandhan, in addition to their regular monthly financial aid. Beneficiaries will receive the amount directly into their accounts on July 12. To mark Guru Purnima on July 10, Yadav announced a two-day Guru Purnima Utsav in all schools and colleges. District ministers, public representatives, prominent citizens, and saints will participate in the celebrations. On this occasion, Sandipani Vidyalaya (Kamala Nehru School) will be inaugurated in Bhopal, he added. Yadav claimed the removal of BRTS (Bus Rapid Transit System) has reduced road accidents by 51 per cent and fatalities by 70 per cent, which he said is a "pleasant outcome of the decisions taken by the Madhya Pradesh government in public interest". The government had decided to remove BRTS in January 2024.
The Hindu
09-07-2025
- Politics
- The Hindu
Vice Chancellors of JNU will be referred to as Kulgurus, says Madhya Pradesh CM Mohan Yadav
Vice Chancellors of the Jawaharlal Nehru University (JNU) will be henceforth referred to as "Kulgurus", drawing "inspiration" from a similar decision of the Madhya Pradesh government last year, Chief Minister Mohan Yadav said on Wednesday (July 9, 2025). Addressing Ministers ahead of the state cabinet meeting, Mr. Yadav stated that JNU has adopted the "navachar" (innovation) introduced by the state government. "Like Madhya Pradesh, the Vice Chancellor of JNU will now be known as 'Kulguru'," he said. However, the Chief Minister did not clarify whether JNU has formally implemented this change or if an official administrative order has been issued. Mr. Yadav noted that the decision draws inspiration from a decision taken by the Madhya Pradesh government last year, which renamed the university post of Vice Chancellor (Kulpati) to 'Kulguru.' He had stated that the change aligns with Indian sanskriti (culture) and Guru Parampara (spiritual tradition), and that the term "Kulpati" could be problematic for women officeholders due to its awkward connotation. The Chief Minister on Wednesday (July 9, 2025) reiterated that women beneficiaries of the Ladli Behna Yojana will receive a special assistance of ₹250 for Rakshabandhan, in addition to their regular monthly financial aid. Beneficiaries will receive the amount directly into their accounts on July 12. To mark Guru Purnima on July 10, Mr. Yadav announced a two-day Guru Purnima Utsav in all schools and colleges. District Ministers, public representatives, prominent citizens, and saints will participate in the celebrations. On this occasion, Sandipani Vidyalaya (Kamala Nehru School) will be inaugurated in Bhopal, he added. Mr. Yadav claimed the removal of BRTS (Bus Rapid Transit System) has reduced road accidents by 51% and fatalities by 70%, which he said is a "pleasant outcome of the decisions taken by the Madhya Pradesh government in public interest". The government had decided to remove BRTS in January 2024.
