Skip to main content

FADF monitors the Indian jewelery industry


FATF says India's jewelery industry needs to be monitored, 
 
FADF monitors the Indian jewelery industry

 Risks being used to finance terrorism


 NEW DELHI, France-based financial watchdog FATF has warned that high-volume transactions in India's gems and jewelery sector are likely to be used as tools for money laundering and terrorist financing.

In this regard, the organization's statement said


As the trade in navarat gems and gold jewelery has grown in India, there is a risk of their smuggling and black money transactions also increasing.

Removal of ban on gold loan to IIFL


Mumbai, 'I.I.F. RBI has removed restrictions imposed on the gold loan business of L. Finance, the company said.

 I.I. F. RBI had imposed restrictions on the gold loan business of L. Finance Company on March 4. They have now been withdrawn, the company said in the stock exchange.

Through this, the company has been allowed to engage in gold loan business again.

monitoring


In this sector, there are about 1.75 lakh distributors in India, but only 9,500 members are registered with the Gems and Gold Jewelery Export Development Council.

In the high-value jewelery industry, there is a lack of monitoring of those involved in illegal money transfers and smuggling. India should be serious in curbing the smuggling of navarat gems, jewellery, unaccounted movements and illegal money transactions through it, however small it may be.

Illegal

The government should improve the statistics on import, export, domestic balance and exchange rate. Otherwise, there is a risk that the illicit transactions of the jewelery industry will be used to finance terrorism. It has been said.



Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

Emmvee Photovoltaic Power Share Price Target 2030: Is It a Buy?

The renewable energy sector, particularly the solar energy segment, is growing rapidly. If you are looking for long-term growth opportunities in this sector, 'Emmvee Photovoltaic Power' is a company that warrants your attention. Based on recent market studies and financial reports, we outline the company's key operational metrics here and analyze why market analysts recommend it as an excellent long-term investment. Emmvee Photovoltaic Power: Key Stock and Market Metrics As of July 16, 2026, the company’s stock boasts strong fundamentals, supported by robust operating profit margins and excellent capital utilization. Metric | Details / Statistics Current Share Price (as of 16.07.2026): ₹365.35 Market Capitalization: ₹24,696 Crore Analyst Recommendation: Buy Recommended Investment Horizon: 5 years Expected Target Price (by 2030): ₹628.00 A Detailed Look at Financial and Valuation Ratios To understand why analysts are confident that Emmvee Photovoltaic Power will reach a targ...
Post a Comment
Read more

What are the weekly employment news updates and notifications?

Learn how weekly employment news updates and notifications help job seekers track new vacancies, industry trends, recruitment announcement, and career growth opportunities. Interested in joining a medical education institute? A notification has been released for vacancies at a postgraduate medical education and research institute operating under the Central Government. There is a total of 60 vacancies, including 54 for MTS, 1 for Medical Officer, 1 for Pharmacist, and 1 for Computer Operator. Educational Qualifications: 10th Standard / D Pharm / MBBS. Age Limit: 18–30 years (as of 19.10.2026). Selection Process: Online examination, skill test, and certificate verification. Application Method: Online. Application Fee: ₹1,500 (₹800 for SC/ST categories). Last Date: 19.10.2026. For details: pgimer.edu.in Engineer Positions at National Power Company A recruitment notification has been released for vacancies at the National Thermal Power Company. There is a total of 17 vacancie...
Post a Comment
Read more

What is the future prediction of Vedanta share in 2026?

To enable investors to choose sectors that align with their preferences, the Vedanta Group has demerged into four separate entities, which were listed on the stock exchange the day before yesterday.  What is the outlook for the four newly listed Vedanta entities over the next six months? Stock market expert Reji Thomas shares his insights regarding their performance and the outlook for the next 3–6 months. Vedanta Aluminium Metal Price: 471 Operations: India’s leading integrated aluminium producer, covering the entire value chain—from bauxite mining and refining to the manufacture of products for sectors such as construction, automotive, power, and packaging. Business Outlook: Driven by large-scale infrastructure, low production costs, and steady demand, this is considered the strongest business among Vedanta's four new entities. Next 3–6 Months: Revenue and market valuation are expected to rise in the coming quarters, supported by international price stability and strong domesti...
Post a Comment
Read more