City jewellers protest against govt's tax imposition on gold

March 25, 2011

Mangalore, March 25: Protesting against the doubling of tax on gold jewellery by the state government, Dakshina Kannada district unit of Jewellers' Association on Friday staged a demonstration in front of Town Hall here.

The protest is a part of state-wide bundh of gold ornament dealers called by the Association.

A press release issued by the Association states that although the central government had levied a uniform tax of one percent on the sale of gold ornaments, the state government has now put an additional burden of one percent on the same.

“This will be added burden on the middle income group. They will have to shell out about Rs 40 per gram of jewellery over and above the cost of gold. Because of this fact, the customers may go to other states to buy their requirement of gold jewellery, which will adversely affect the gold merchants in the state. The state government had earned a revenue of Rs 70 crore as tax out of gold sale last year, and it is expected to go up to Rs 100 crore this year. Even the gold market might slump because of this additional tax,” says the release.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Mangaluru: Resort owner and manager arrested after pool claims lives of 3 college girls

News Network

November 18,2024

Mangaluru: The Ullal police have arrested Manohar, the owner of Vazco Beach Resort, and its manager Bharath in connection with the drowning of three college girls from Mysuru at the resort’s swimming pool on November 17.

City Commissioner of Police Anupam Agrawal confirmed the arrests, stating that a case has been registered under Section 106 of BNS. The bodies of the victims, all in their twenties, have been handed over to their parents. The women had arrived at the resort for a weekend getaway on November 16.

Following the tragic incident, the resort was sealed by officials led by Mangaluru Assistant Commissioner Harshavardhan. The trade license of the resort, issued on June 13, 2024, has been suspended, and the tourism department has temporarily revoked the resort's registration. These actions prohibit the resort from engaging in any tourism-related activities until further notice.

Someshwara TMC Chief Officer stated that the suspension was due to the resort's failure to implement adequate safety measures, which resulted in the loss of three lives. Further investigations are underway.

Comments