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Jewellers in the city downed shutters again
Posted on: 11/Mar/2016 10:20:53 AM
Jewellery shops remained shut for four days from March 2 as part of a protest against the one per cent excise duty.After a gap of few days, jewellers in the city downed shutters again on Wednesday seeking a rollback of excise duty levied on gold jewellery. This time, they have decided to go on an indefinite strike that would coincide with a nationwide protest.
Of the 35,000 jewellery shops across the State, nearly 7,000 that are participating in the strike are in Chennai. Members of the Madras Jewellers and Diamond Merchant Association said they decided to continue the strike as there was no progress on the meeting of their demands. The Association president Jayanthilal Challani said that goldsmiths and staff of hallmarking centres are also participating in this strike. The business loss is estimated at Rs.70 crore every day in the city
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