Gem, jewellery sector sees little relief from Budget

6 Jul 2009, 1538 hrs IST, REUTERS               Text: MUMBAI: India’s federal budget on Monday brought little relief to the gem and jewellery sector as lack of a cut in interest rates took away cheer from the excise exemption on branded jewellery sales, industry officials said. “The Budget is not very encouraging for the gems and jewellery industry,” said Vasant Mehta, chairman,…

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