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Time of India
24-05-2025
- Business
- Time of India
Ahmedabad jewellers seek transparency in gold TRQ allocation under India-UAE Comprehensive Economic Partnership Agreement
1 2 3 4 Ahmedabad: Jewellers in Ahmedabad raised concerns over the opaque allocation process for gold import quotas under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) for FY 2025–26. In a formal representation to the Directorate General of Foreign Trade (DGFT), the Jewellers' Association of Ahmedabad (JAA) urged the govt to publish clear eligibility criteria for tariff rate quota (TRQ) allotment and scrap the Rs 25 crore turnover threshold, which they say disadvantages smaller jewellers and distorts market competition. Under the current TRQ application process, jewellers, bullion traders, and manufacturers were required to submit past turnover figures and pay a non-refundable Rs 1 lakh fee. However, many applicants said they were unaware of any turnover threshold at the time of applying in Feb. "A turnover-based eligibility rule which was rescinded in 2023 was quietly reinstated, restricting access for smaller jewellers and bullion traders," said JAA president Jigar Soni. "This not only runs contrary to the spirit of CEPA, which is to promote wider market participation, but also creates an uneven playing field in favour of larger corporates." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Transforme sua disposição com esta solução natural recomendada por especialistas AlwaysFit Undo Several applicants said they had no knowledge of the Rs 25 crore qualifying bar until results were announced. "I submitted a complete TRQ application, paid the Rs 1 lakh fee, but had no idea about any turnover requirement," said Hardik Choksi, a jeweller from Manek Chowk in Ahmedabad. "This essentially means small businesses like ours are not even in the running, and the benefits of the duty concession will be concentrated among big traders. We will end up buying gold at higher prices from them, which affects our margins and market standing." The issue gained further traction after the DGFT, in a meeting on April 29, disclosed that it received over 3,000 TRQ applications—a 253% rise over the previous year, but only about 1,400 were approved. Officials reportedly prioritised firms with "considerable business size" and "manufacturing capacity", a move that sparked calls for greater transparency. "The turnover clause was officially scrapped last year," said Bhavin Patalia, a chartered accountant who filed over 100 TRQ applications. "If the govt planned to bring it back, applicants should have been clearly informed." Box: CEPA and the TRQ system The India-UAE Comprehensive Economic Partnership Agreement (CEPA), signed in 2022, allows for duty concessions on select goods to enhance bilateral trade. Under this, India permits the import of up to 200 metric tonnes of gold annually from the UAE at a 1% duty discount — lower than the standard import duty — through a tariff rate auota (TRQ) mechanism. Jewellers, bullion traders, and manufacturers must apply to the Directorate General of Foreign Trade (DGFT) for TRQ certificates to access this concession. The quota is distributed based on eligibility criteria, which applicants say lacked transparency this year. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !


Pink Villa
21-05-2025
- Entertainment
- Pink Villa
Sakamoto Days Chapter 214: Natsuki Disables X's Guns; Recap, Release Date, Where To Read And More
The last Sakamoto Days chapter, titled Resistance, began with Shin's ESP compelling an entire district to fire their guns into the ground. Though he suffers a nosebleed from the strain, he continues, moving on to Nerima and succeeding again. Heisuke proposes using the Sky Tower to broadcast nationwide. As Shin's group climbs, the JAA intervenes, and Kindaka holds them off. A jet then crashes into the tower, and X confronts Shin. Before X can shoot, Natsuki Seba's hack disables all guns in Japan. X then draws a katana to kill Shin. Sakamoto Days Chapter 214 will likely continue with Shin attempting to survive against X, who now wields a sword. Shin may try to defend himself or flee using physical or ESP-based maneuvers. Boiled, Heisuke, or Asakura could intervene to protect him. With the firearms now rendered useless, X may change tactics or alter his broader plan for national control. The chapter may also touch on how the rest of Japan responds to the sudden end of gun usage and the chaos surrounding the Sky Tower. Sakamoto Days Chapter 214 will be released on Monday, May 26, 2025, at 12 am JST. However, fans worldwide will likely be able to read it on Sunday, May 25, around 3 pm GMT / 7 am PT / 10 am ET. Please note that the exact timing may vary depending on your time zone. The latest chapters are available on various online platforms. Viz Media provides access to the series in the US and Canada, while Shueisha's MangaPlus also releases new chapters. Additionally, readers can find Sakamoto Days Chapter 214 in Weekly Shonen Jump 2025 Issue 26. For more updates from the Sakamoto Days manga, keep an eye on Pinkvilla.

Yahoo
20-05-2025
- Automotive
- Yahoo
People parked in airport's North Hourly Garage could get their cars by Wednesday
We're learning more about how - and when - some travelers parked in the Jacksonville International Airport's Hourly Garage, the site of Friday's damaging fire, could get their vehicles back. The Jacksonville Aviation Authority held a conference Monday providing new updates on the fire that damaged 50 cars and shut down the airport on Friday, providing some new details on several points of issue. JAA officials confirmed that a vehicle caught fire, and it spread to dozens of others. An exact cause has not yet been released, but officials confirmed it was not a Tesla that started the fire. JAA has confirmed ATF -- The Bureau of Alcohol, Tobacco, and Firearms-- is investigating. They could not confirm yet whether it was an accident or caused intentionally, as the investigation remains active. The Hourly Garage remains closed and officials confirmed it will stay that way for the foreseeable future. Mark Vanloh, the CEO of JAA, said demolition of the garage is expected in the near future. However, officials are hopeful that people parked in the section of the Hourly Garage that was not impacted will be able to get their cars as early as Wednesday. 'Beginning on Tuesday, you will be contacted if you uploaded your information into the database with your vehicle, your license, and your contact information,' said Tony Cugno, Chief Operating Officer for JAA. 'So you will be contacted on Tuesday that you can get your vehicle out on Wednesday and what the orderly process will be to remove those vehicles in the section of the garage that was not impacted by the fire.' With the South Hourly Garage out of service, that means so are the 600 parking spots inside of it. When asked when the airport may allow cars to park in the 600 north hourly parking garage spots again, airport managers said they were working on it. 'The primary goal right now is to get the vehicles out,' said Cugno. 'Then once all the vehicles are out, then we can assess how to return back to normal operations for those 600 spaces.' Back in April JIA got approved to move forward with a garage expansion that will add over 2,000 additional parking spaces. However, that project won't be completed until at least December 2026. In terms of a short-term parking solution, JAA says passengers should try to get dropped off if possible – whether its by family, friends, or a ride-share service. 'We will work with the ride share and off-site parking to ensure that there is ample parking and ample transportation to and from the airport,' said Cugno.' Another thing that was pointed out during the JAA meeting today is that there are no fire sprinklers installed inside the South Hourly Garage. 'The garage is not equipped for fire sprinklers and the reason being is when that garage was built many, many years ago, that was not part of code.' 'The garage is not equipped for fire sprinklers, and the reason being is when that garage was built many, many years ago, that was not part of the code,' said Cugno. JAA confirmed with Action News Jax that the hourly parking garage was built in 1989. According to the National Fire Protection Association, it wasn't until 2023 that fire sprinkler systems were required in new parking garages. Cugno did note that there are fire extinguishers as per code that are mounted on the wall inside the hourly parking garages. [SIGN UP: Action News Jax Daily Headlines Newsletter] Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
Yahoo
17-05-2025
- Yahoo
Heading to JIA? Parking options limited after fire sweeps through airport parking garage
As flight operations at Jacksonville International Airport returned to some semblance of normal May 17, travelers were told that "all on-airport parking is currently full" in the aftermath of the previous day's fast-moving parking garage fire. JAX told travelers via X, formerly Twitter, that they "should find alternate means of transportation to the terminal, park at off-airport lots, or get dropped off at the terminal." The Jacksonville Aviation Authority (JAA) said the Hourly Garage is "closed indefinitely to vehicles and pedestrians due to structural damage." Vehicles won't be allowed to enter or exit the facility until further notice, according to a JAA news release. The airport's Daily Garage and Daily Surface Lot are closed to incoming vehicles. However, passengers with vehicles already in the Daily Garage and Daily Surface Lot can exit those two facilities, JAA said. After the fire: Here's what to do if your car was damaged in the JAX airport parking garage fire In addition, travelers with flights over the next few days, weeks and months were encouraged to seek alternatives to on-site airport parking. Those alternatives included parking facilities along Airport Road, alternate means of transportation to the airport such as Uber, Lyft or taxi; or getting picked up or dropped off at the terminal, according to the news release. JAA also said travelers parked in the Hourly Garage can go to the JIA website and sign up to get periodic updates, when available, about the status of airport parking facilities. To sign up, travelers will be asked to provide contact information as well as the license plate number of their vehicle, JAA said. Meanwhile, flight operations were getting back to a normal schedule. As of 10:35 a.m. May 17, a half-dozen departures were listed as canceled. No arrivals were canceled, according to the JIA website. This story was updated to add a video. This article originally appeared on Florida Times-Union: After Jacksonville airport garage fire, parking options limited


Jordan News
12-05-2025
- Business
- Jordan News
Justice minister: Jordan seeks to become 'regional' hub for arbitration - Jordan News
Justice minister: Jordan seeks to become 'regional' hub for arbitration Minister of Justice, Dr. Bassam Talhouni, said Jordan aspires to become "a regional center for arbitration," stressing the importance of this model as an alternative to dispute resolution. اضافة اعلان The minister added that this approach contributes to reducing burden on courts and expediting the adjudication of cases, particularly in commercial and investment cases. During a meeting with president and members of the Jordanian Arbitrators' Association (JAA) on Sunday, Talhouni stated the Ministry of Justice supports all efforts aimed at updating legislation regulating arbitration and providing an "advanced" legal environment that keeps pace with economic changes. Talhouni indicated added that resorting to arbitration aligns with the Economic Modernization Vision as an "effective" means of dispute settlement. At the legislative front, he said Jordanian Arbitration Law is a "modern" regulation that keeps pace with global economic and investment developments. Meanwhile, JAA President noted the association seeks to promote the culture of arbitration in Jordan under training courses and workshops to raise "efficiency" of Jordanian arbitrators to meet international standards. Concluding the meeting, both sides stressed the need to strengthen the partnership between the Kingdom's public and private sectors in the arbitration field, which would contribute to raising level of alternative justice. Petra