Notopedia is a nonprofit organization with a mission to provide free learning support to all. Click here to donate or volunteer  

Notopedia has a mission to provide free learning support. Click here to donate or volunteer.

Gold hallmarking has become mandatory in India

fsjd_icon1 CURRENT AFFAIRS

save
banner
Gold hallmarking has become mandatory in India
fsjd_icon1 CURRENT AFFAIRS

Description

Gold hallmarking has become mandatory in India

Date - 16th Jun 2021

Gold hallmarking has become mandatory in India since June 16, 2021. The process will be phased across the country, starting in 256 districts; the Union ministry of Consumer Affairs Minister Piyush Goyal tweeted:

“Continuing our government’s efforts to better protect and meet customer needs, there will be mandatory branding in 256 districts from June 16, 2021. No fines will be imposed until August 2021 ”.

Click on the image to view the official tweets


Center for the formation of a new committee

A committee of representatives from all stakeholders, revenue officials and lawyers will be formed to examine issues that may arise during the implementation of the mandatory gold hallmarking scheme. It was previously planned that the mandatory hallmarking of gold jewelry will begin on June 15.

The Department of Consumer Affairs noted that the number of analysis and branding centers (A and H) has increased by 25 percent over the past five years. The number of such centers has increased from 454 to 945 over the past five years.

Currently, there are about 940 assaying and hallmarking centers, of which 84 have been established under the government subsidy scheme in various districts. The existing centers A and H are capable of producing about 1,500 items per day. They are estimated to produce about 14 million articles per year.

According to the World Gold Council, there are about 4 million jewelers in India, of which only 35,879 are BIS certified. In India, branding is carried out for both gold and silver jewelry.

For more Updates and Information - Click here 

For access to more than 10,000 Colleges - Click here

For Latest Sarkari Jobs - Click here

For Comprehensive Preparation of Competitive Exams - Click here

For School Studies and Exams Preparation across Eight Boards - Click here

The Notopedia Bulletin Board

News about the latest admissions, results, upcoming government jobs, Sarkari exams and many more.

bulletin images
RESULTS

Latest and upcoming results

Explore
bulletin images
ADMISSIONS

Get important alerts

Explore
bulletin images
JOBS

Latest job postings

Explore
bulletin images
SCHOOL

ICSE, CBSE and State Boards

Explore
bulletin images
COLLEGE

Get latest college updates

Explore
bulletin images
EXAM

Latest exam news

Explore
bulletin images
CURRENT AFFAIRS

Latest Current Affairs

Explore


Request For Material

Close Submit
Submit Material

Close Submit