Exporters postpone gem and jewellery show to July

PTI New Delhi | Updated on March 09, 2020 Published on March 09, 2020

The Gems and Jewellery Export Promotion Council (GJEPC) has rescheduled its international gem and jewellery show in Jaipur from April to July on account of coronavirus outbreak.

In a statement, the council has said due to concerns related to the global coronavirus outbreak, it has decided to postpone the dates to July 18-20.

There are serious concerns globally pertaining to the outbreak of respiratory illness caused by coronavirus, adversely affecting everyone’s travel plans, it said.

“Considering the concerns and sensitivities of the countries impacted, the health and safety of exhibitors and visitors, after much deliberation with buyers and other stakeholders, there was no option but to reschedule the show,” it added.

The council said over 600 buyers from 56 countries which includes Algeria, Argentina, Australia, Bangladesh, Belgium, Brazil, Canada, Denmark, and England, have registered so far.

Over 230 exhibitors have confirmed their participation from all over India.

During April 2019 to January 2020, exports declined 4.78 per cent to Rs 2,16,076.06 crore as compared with Rs 2,26,933.91 crore during the ten months period of 2018-19.

The council also said that in view of the recent action taken by the Reserve Bank of India on Yes bank, all exhibitors and visitors are advised not to deposit any cheques/NEFT/RTGS/IMP in that bank with immediate effects.

“GJEPC May not be able to provide credit for cheque’s deposited in Yes Bank after March 5, 2020 in view of the restrictions imposed on transaction with Yes bank,” it added.

The Reserve Bank last week imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseding the board of the private sector lender with immediate effect. PTI RR BAL 03091608

Published on March 09, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.