Page 38 - Bullion World Issue 11 March 2022_Neat

Bullion World | Issue 11 | March 2022

SEBI Gives Nod To

BSE For Introducing

Electronic Gold Receipt

Capital markets regulator SEBI has given in-principle
approval to BSE for introducing Electronic Gold
Receipt (EGR) on the stock exchange's platform.

For final approval for the introduction of the EGR
segment, the exchange has been advised to submit
additional information, according to a regulatory filing.
SEBI, in January, came out with a framework for
operationalising the gold exchange, wherein the yellow
metal will be traded in the form of EGRs

Source: https://www.outlookindia.com

India-UAE Free Trade

Agreement to boost GJEPC Expects New CEPA Deal

gold jewellery exports to Provide Huge Boost to India's

from India: Malabar Gold Jewellery Sector

Gold MD India and the United Arab Emirates (UAE) signed the path breaking

Comprehensive Economic Partnership Agreement (CEPA). The trade
deal is expected to benefit import and export trade between the two
The India-UAE Free Trade Agreement (FTA), countries. In particular, it will provide significant boost to the gems
which will be signed shortly, will boost gold and jewellery sector.
jewellery exports from India, generate employment
and enhance skill development opportunities in According to BVR Subramanyam, Commerce Secretary, the
jewellery manufacturing and supply chain, said agreement gives UAE a tariff quota rate of 200 tonnes. The tariff in
Shamlal Ahamed, managing director, international perpetuity will be 1% less than tariff charged from the rest of the world
operations of Malabar Gold & Diamonds. or on most favoured nation basis.

Ahamed is a member of the official trade Source: https://www.scrapmonster.com
delegation of UAE which is visiting India to have
trade talks with the Union ministry of commerce
and Indian businesses.

Source: https://economictimes.indiatimes.com
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