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Into that heaven of Economic Happiness Let Indian diamond Community awake

 
   

Artisan's sharp eyesights enable them to reshape – beauty processing uncut gem-diamond . The unique single product global trade and services with invisible value-addition, it construes service export.

The diamond global trade and services needs large –scale business. finance and working capital finance-flow. India should strive to set up standard international norms in terms of diamond financing needs.

Bhavani Gems have already registered IGI-certified 5 NANO diamond processed pieces each having 57 facets with volume 0.003 carats or 0.0006 grams. ROSY BLUE Mumbai workshop has processed First ever in India a 100 + carat voluminous single piece diamond. 14+ energetic Youth engage itself in hot sheds chiseling roughs in SURAT & MUMBAI diamond workshops.

May the Unique Identification Authority of India under its logo AADHAAR intend to access diamond artisans' data through the diamond Exporters' Association / Export Promotion Council ! UIAI discovers Realtors Associations providing / furnishing construction labour data; why not EPC repeat the show with diamond labour data ?
All the taxes on trade-transactions are undesirable as tradep-mobility is marred thereby. Nevertheless the free services of the government have to be financed by taxation. Good base is windful gains.

If the direct taxation strategy follow net income less savings rule, the windful gains would provide exchequer the good revenue. e.g. Needbased optimum commercialized Diamond Bourses if enjoy such windful gain may be taxed as and when under windful gain proviso.
5000 + unlisted diamond firms may be converted into Limited Liability Partnerships (e. 01.4.09) as LLP conversions do not attract Gains Tax as per 2010 budget latest guidelines. Legal luminary HARISH SALVE elaborates : Projects that create wealth and employment serve social justice by providing economic opportunities for inclusive growth.

 
Rajesh Bajaj - MD
rajesh@heerazhaveraat.com
 
 
" Bhavani Gems have already registered IGI-certified 5 NANO diamond processed pieces each having 57 facets with volume 0.003 carats or 0.0006 grams. "
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