Leosty
  • Home
  • Health and Fitness
  • Makeup
    • Beauty Tips
  • Style
    • Mens Fashion
    • Women Fashion
  • Shopping
    • Jewellery
    • Wedding
  • Accessories
  • Contact Us
  • Pages
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
No Result
View All Result
  • Home
  • Health and Fitness
  • Makeup
    • Beauty Tips
  • Style
    • Mens Fashion
    • Women Fashion
  • Shopping
    • Jewellery
    • Wedding
  • Accessories
  • Contact Us
  • Pages
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
Leosty
No Result
View All Result

EC vigilance makes life hard for jewelry, wholesale markets in TN

Lillie Garza by Lillie Garza
April 23, 2019
in Jewellery
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Tamil Nadu keeps to live up to its notoriety as a State that pioneered the coins-for-vote practice. Seizure of cash with the aid of the Election Commission of India (ECI) within the run-as much as the Lok Sabha elections in the State is 4 times extra than its nearest rival Uttar Pradesh. As of March 25, of the overall of ₹143.47 crore seized across the country, ₹36.6 crore turned into from Tamil Nadu, accompanied with the aid of Uttar Pradesh (₹8.26 crore), and West Bengal (₹6.Forty three crores), according to facts released by way of the ECI.

Recommended Post

Meet the poorest candidate this season, contesting from Muzaffarnagar

Global Jewellery and Loose Diamond Market

Contraceptive jewelry’ ought to prove an attractive delivery manipulate option for ladies

The State has been subjected to better surveillance to ensure there’s no repeat of cash-for-vote strategy as changed into allegedly adopted recently in RK Nagar in Chennai, and within the past in Thirumangalam byelection (2009) and Sathankulam byelection (2003). The ECI has ensured that its flying squads throughout the State carry out random checks of automobiles, consisting of -wheelers.

This has affected clients and cash-primarily based agencies in positive sectors, as an example in jewelry, electronics and wholesale markets including Koyambedu and Broadway in Chennai, and those in other components of the State.
Crunch in jewelry sales

Despite it being the marriage season, jewelry shops are seeing negative footfalls due to regulations in sporting coins.

Jewelry income has dropped by using 35-40 in keeping with cent ever because the model code of behavior got here into effect, stated N Anantha Padmanaban, Managing Director of NAC Jewellers and Chairman of the All India Gem and Jewellery Domestic Council. “We have approached the Chief Election Officer (CEO) to prevent harassing of real jewelry customers,” he instructed BusinessLine.

An individual who has saved ₹5 lakh over a time frame to buy jewelry will not be able to show the supply of coins. Nearly 60 in keeping with cent of jewelry buy takes place via coins transactions, he delivered.

It is not just the customers who are affected. Even if the goods are accompanied by using right files which are in accordance with the provisions of the Goods and Services Tax Act, officers are turning in the consignment to the Income Tax Department for in addition research, the Council instructed the CEO.

Jithendra Vummidi, Managing Partner, Vummidi Bangaru Jewellers, stated harassment by officials has been adverse to all corporations.
Futile workout

A flying squad at the doorway of Ritchie Street in Chennai, India’s largest electronics bazaar, is constantly monitoring the movement of humans. Sales are down by using 60-sixty five consistent with cent as human beings are involved approximately carrying coins, stated B Nimbaram of Shankar Electronics.

R Chandalia, Secretary, Chennai Electronics and Infotech Traders Association, too voiced a comparable challenge. “Harassment is a first-rate hassle,” he said.

But most traders are resigned to face this situation till April 18, when the State goes to polls.

Previous Post

How to accent layout and art have come collectively for this jeweler

Next Post

Pandora seeks to charm China with locally-inspired jewelry

Related Posts

Meet the poorest candidate this season, contesting from Muzaffarnagar

Meet the poorest candidate this season, contesting from Muzaffarnagar

April 23, 2019
Global Jewellery and Loose Diamond Market

Global Jewellery and Loose Diamond Market

April 23, 2019
Contraceptive jewelry’ ought to prove an attractive delivery manipulate option for ladies

Contraceptive jewelry’ ought to prove an attractive delivery manipulate option for ladies

April 23, 2019
Pandora seeks to charm China with locally-inspired jewelry

Pandora seeks to charm China with locally-inspired jewelry

April 23, 2019
How to accent layout and art have come collectively for this jeweler

How to accent layout and art have come collectively for this jeweler

April 23, 2019
A study the breathtaking jewelry from the film, as seen on Alia Bhatt, Madhuri Dixit and Sonakshi Sinha

A study the breathtaking jewelry from the film, as seen on Alia Bhatt, Madhuri Dixit and Sonakshi Sinha

April 23, 2019
Next Post
Pandora seeks to charm China with locally-inspired jewelry

Pandora seeks to charm China with locally-inspired jewelry

About Us

Leosty

Leosty is a blog where you get the latest tips about love and relationship and many more so don't forget to subscribe to our newsletter to never miss an update from us.

Categories

HEALTH AND FITNESS
MAKEUP
STYLE
SHOPPING
ACCESSORIES

Recent Post

  • How to Impress a Girl in the First Meeting
  • Mahindra XUV300: Comprehensive list of accessories to be had with this compact SUV
  • Beauty recommendations: putting the point of interest on each eye and lips
  • Home
  • About Us
  • Anti Spam Policy
  • Contact Us
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

© 2020 leosty -All Rights Reserved to Us

No Result
View All Result
  • Home
  • Health and Fitness
  • Makeup
    • Beauty Tips
  • Style
    • Mens Fashion
    • Women Fashion
  • Shopping
    • Jewellery
    • Wedding
  • Accessories
  • Contact Us
  • Pages
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions

© 2020 leosty -All Rights Reserved to Us