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Dec 01, 2014
Early reports coming in about US retail sales for the Thanksgiving Day and weekend are not very encouraging. According to NRF’s Thanksgiving Weekend Spending Survey, released yesterday, November 30th, 55.1 per cent of holiday shoppers were or will be in stores and online over Thanksgiving weekend, down from 58.7 per cent last year. Overall, shopper traffic from Thanksgiving Day through Sunday, November 30 dropped 5.2 percent from 2013 (133.7 million unique holiday shoppers versus 141.1 million in 2013), the survey reports. Total shopping, including multiple trips by the same shopper, was also down this weekend (233.3 million versus 248.6 million last year).
Nov 30, 2014
The three-day India Gem & Jewellery Machinery Expo (IGJME) held at Surat drew to a close on Sunday with the flow of visitors peaking during the second half of the final day and exhibitors giving an overall positive rating to the second edition of the ‘machinery-only’ fair.
Nov 30, 2014
Exhibitors at the India Gem & Jewellery Machinery Expo (IGJME) by and large expressed their support for a standalone machinery show, even as Nirav Bhansali, Convener National Exhibitions Sub-Committee, GJEPC, said that the Council aims to develop it into the world’s premier machinery show for the industry by 2016.
Nov 29, 2014
While many exhibitors said they were satisfied over the steady stream of visitors to the IGJME during the second half of Day One, most also expressed the hope that the numbers would increase on the 2nd and 3rd days which fell on a weekend.
Nov 29, 2014
In what came as a surprise move for most, the 80:20 Scheme, as it has come to be well-known, was scrapped on Friday November 28th. A circular from the RBI stated quite baldly and without explanation: “It has been decided by the Government of India to withdraw the 20:80 scheme and restrictions placed on import of gold”.

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