Diamonds
Surat diamond industry faces labour issues
The past few weeks have seen reports of job losses in the diamond industry, including Surat which is supposed to be the global processing headquarters of the industry. Diamond Workers Union is among those...
https://www.freepressjournal.in/analysis/gold-smuggling-turn-the-spotlight-from-kerala-to-govt-policies
Gold smuggling - I
Part II can be found at http://www.asiaconverge.com/2020/10/gold-smuggling-ii-a-cleanup-is-urgently-needed/)
A beneficiary of flawed government policies.
RN Bhaskar
There’s an apocryphal story about a man blinded because he stole the gold that he saw lying unattended on the table in his master’s...
https://www.freepressjournal.in/analysis/policy-watch-gold-mining-an-agenda-for-the-government
Gold mining IV
What the government should do?
RN Bhaskar
When it comes to gold, politicians, government officials, media and the general public can be quite misinformed to the point of hysteria.
Consider how – on 21 February 2020 -- an unsuspecting public...
http://www.dnaindia.com/money/report-dna-launches-its-policy-report-on-the-gems-and-jewellery-industry-2057473
A policy report on the gems and jewellery industry
dna has just put forth before the government a policy paper on “How to revive the gems and jewellery industry in India, and build on its employment and revenue potential".
A copy...
Source: http://www.moneycontrol.com/news/business/economy/duties-taxes-corruption-how-the-government-abets-the-smuggling-of-gold-2324877.html
Gold - II
Part I can be found at http://www.asiaconverge.com/2017/07/india-loves-gold1/
Part III can be found at http://www.asiaconverge.com/2017/07/can-the-govt-clean-up-the-gold-trade/
Smuggling, corruption and poor low credibility afflict this industry
RN Bhaskar Jul 13, 2017 03:11 PM IST | Source: Moneycontrol.com
The government itself has abetted the...
https://www.freepressjournal.in/analysis/jatin-mehta-files-a-usd-5-billion-suit-against-de-beers-stanchart-and-kroll
Indian diamond industry in a tizzy -- Jatin Mehta files a $ 5 bn suit against De Beers, Stanchart and Kroll
RN Bhaskar
For most market watchers in India, Jatin Mehta is a renegade, an absconder from Indian law (https://www.businesstoday.in/latest/corporate/story/cbi-files-two-fresh-firs-against-absconding-diamantaire-jatin-mehta-207129-2019-06-11) ,...
https://www.freepressjournal.in/analysis/jatin-mehta-files-a-usd-5-billion-suit-against-de-beers-stanchart-and-kroll
Kroll's refusal to face facts
The Jatin Mehta submissions before the Surat court have squarely put the blame on Kroll, which it says acted in concert with De Beers and SCB. Also see report at https://asiaconverge.com/2022/07/jatin-mehta-sues-debeers-stanchart-kroll-for-5-bn/
From the court documents, it...
SRK founded by Govindbhai Dholakia is a name to reckon with in diamonds
Shree Ramkrishna Exports (the SRK empire) , founded by Govind bhai Dholakia, is among the largest and most renowned players in earth-mined diamonds. It is globally a...
https://www.freepressjournal.in/analysis/when-the-inr-falls-it-is-easy-to-blame-gold-writes-rn-bhaskar
A weak INR and growing CAD are a result of poor gold policies
By RN Bhaskar
The RBI in its recent report (https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=21137#FN14) states “Gold imports at US$ 2.6 billion in June 2022 were almost half the level of US$ 6.0...
https://www.freepressjournal.in/analysis/policy-watch-clean-up-the-gold-trade-quickly-as-a-national-priority
Gold smuggling- II: Cleaning up the gold trade is a national priority
RN Bhaskar
(Part I of this series can be found at http://www.asiaconverge.com/2020/10/gold-smuggling-i-is-encouraged-by-flawed-government-policies/)
Why should gold be a national priority?
There are three reasons why gold assumes immense significance for the integrity...
