UP jewellers observe strike over making PAN card mandatory

Image
Press Trust of India Lucknow
Last Updated : Apr 17 2015 | 8:42 PM IST
Jewellers in the state today observed a strike by closing their showrooms in protest against the Centre's decision to make PAN card compulsory for purchases above Rs 1 lakh.
Regional Director, Gems and Jewellery Federation Rajan Rastogi said UP Jewellers association associated with the Federation observed the strike by closing the showrooms.
He said in the Union budget, PAN has been made compulsory for purchases above Rs 1 lakh while earlier it was mandatory for purchases over Rs 5 lakh.
He said the decision has affected their business and added, "A large number of women who buy jewellery lie in this segment and they have no PAN. Centre should first ensure PAN card for everyone before making such arrangement," he said.
He said if their demands were not met, a country-wide agitation would be initiated.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 17 2015 | 8:42 PM IST

Next Story