Bullion traders protest: Ink, eggs thrown at Narendra Modi, Arun Jaitley posters; cops book 150 people
Bullion traders protest: As many as 150 people have been booked in connection with smearing of black ink and throwing eggs at the posters of Prime Minister Narendra Modi and Finance Minister Arun Jaitley in Meerut during a demonstration by the businessmen and bullion traders four days ago. (PTI) Meerut: Traders and jewellers carry black flags during a protest against Central Government over the proposed hike of excise duty in the Union budget, in Meerut on Wednesday.
Bullion traders protest: Bullion traders and jewellers are protesting against the Budget proposal to impose 1 per cent excise duty on jewellery. In his Budget 2016, FM Arun Jaitley sought to impose an excise duty of 1 per cent without input tax credit or 12 per cent with input tax credit on articles of jewellery excluding silver other than studded with diamond or some other precious stone with a higher exemption and eligibility limit of Rs 6 crore and Rs 12 crore, respectively. Manufacturers and dealers of gold jewellery all over India are agitated against the budgetary proposal. (PTI) Ahmedabad: Jewellers and workers holding a march demanding roll back of excise duty hike on jewellery in Ahmedabad on Saturday.
Bullion traders protest: The FIR was registered today under sections 147 (rioting), 341 (wrongful restraint) and 505 (public mischief) of the Indian Penal Code in which traders' leader Rajkumar Bharadwaj, General Secretary of Meerut Bullion Traders Association Survesh Kumar Saraf and three others have been named while 145 are unknown, police said. They said the process to identify others involved in the incident is on. (PTI) Gurgaon: Police detain jewellers who were protesting against excise duty hike on jewellery in Gurgaon on Saturday.
Bullion traders protest: According to police, on March 23 on the occasion of Holi, city-based businessmen and bullion traders had organised a demonstration during which protesters at Begumpul smeared the posters of the Prime Minister Narendra Modi and the Finance Minister Arun Jaitley with ink and also threw eggs at them. (PTI) Bikaner: Jewellers demonstrate during their hunger strike against propose hike in excise duty on jewellery, in Bikaner on Sunday.
Bullion traders protest: The bullion traders association has, however, denied being involved in the smearing of posters. "The Association has no link with the people who were involved in blackening the posters and throwing eggs at them. Police should take action against those involved in the incident and not against the innocent," Saraf said. Meanwhile, Congress has also threatened to stage protest if cases against the businessmen were not withdrawn. (AP)Mirzapur: Jewellers block the road during a protest against hike in excise duty on gold in Mirzapur on Monday.
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ANALYSIS / EXPERT COMMENTS
- Meghnad Desai
India needs a body like the UK’s Office of Budget Responsibility
- Anita Rastogi
In addition to simplifying the taxation structure, implementation of the GST regime will help eliminate most indirect tax issues
- Nirvikar Singh
Repressive regimes fail to deliver inclusive and substantive economic growth
- Anwar Shirpurwala
Extend duty incentives for mobile phones and tablets to all Information Technology Agreement goods
- Eric Mehta
Will this Budget be an enabler for ‘Make in India’, ‘Make for India’ and, most importantly, ‘Make India’ is something that will soon be answered