Monday, Jul 23 2018 | Time 15:33 Hrs(IST)
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Business Economy Share

Govt revokes notification covering jewellers under PMLA

New Delhi, Oct 6 (UNI) The government today withdrew the notification that covered businessmen with a turnover more than Rs two crore in the jewellery sector under the Prevention of Money-Laundering Act, 2002.
The Finance Ministry said that it was made aware of ‘certain incongruities’ in the notification wherein dealers in precious metals, precious stones and other high value goods were notified as person carrying on designated business and professions under the Prevention of Money-Laundering Act, 2002.
The government said that it had received representations from various Associations in the Gems and Jewellery sector for the same.
An official statement said, “After considering various aspects of the issue, the Government has decided to rescind the said notification. A separate notification after due consideration of points raised and wider stakeholder consultation in this regard, shall be issued separately.”
UNI ASH SHK 2021
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23 Jul 2018 | 3:17 PM

Chennai, July 23 (UNI) Following is the bullion
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Piaggio opens two new dealerships

23 Jul 2018 | 3:13 PM

Chennai, Jul 23 (UNI) Piaggio Vehicles Private Limited on Monday announced opening of two new dealerships for its iconic Vespa and sporty Aprilia in the city.

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Kozhikode Coir market

23 Jul 2018 | 2:19 PM

Kozhikode, Jul 23 (UNI) Following were the rates in the
Kozhikode Coir market today per quintal.

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Kozhikode Oil Market

23 Jul 2018 | 2:18 PM

Kozhikode, Jul 23 (UNI) Following were the rates in the
Kozhikode Oil Market today per quintal.

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Kozhikode Spices market

23 Jul 2018 | 2:18 PM

Kozhikode, Jul 23 (UNI) Following were the rates in the
Kozhikode Spices market today per quintal.

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