Jamshedpur, March 5: Jewelers all over the country are on strike against the proposed excise duty on gold and silver since March 2.
On the fourth day of the all-India strike, Jamshedpur Jewelers’ Association, which comprises more than 700 jewelers and artisans, recited Hanuman Chalisa and prayed for wisdom of Union government and the Union finance minister Arun Jaitley.
Earlier in the day they took out a bike rally, which started from Dalda Line in Sakchi and traversed through Golmuri, Baridih, Telco Colony, Birsanagar, Burmamines and terminated at Bistupur, where a large gathering took place.
Addressing the gathering, Jamshedpur Jewelers’ Association secretary Vipin Adesra, said, “The step taken by the Union government is an effort to wipe out the gold business.
If the government doesn’t roll back the excise duty not only will the gold business will be over, but several thousand people will face starvation.”
Gold traders along with Karigar Sangh, Swarnkar Sangh, Banabhasi Sangh and people from other organizations were also present at the Hanuman Chalisa recital and bike rally. The traders announced that they would continue their protest on Sunday. They have announced that the strike will continue till March 7 until further directives from the national body.
A leading jeweler said the imposition of excise duty would add to corruption and increase the burden of record keeping on the jewellers.
With marriage season going on, many customers are now facing the brunt of the strike as they are not able to receive their orders.
A Bistupur based jeweler said they will not open shop till the government decides to roll back on the excise duty.
Significantly, Singhbhum Chamber of Commerce and Industry (SCCI) president Suresh Sonthalia has written a letter to Arun Jaitley, Union Finance Minister and has urged him to remove separate imposition of Excise Duty on Gold.