Govt launches 'Diamond Imprest' scheme to boost diamond exports

Govt launches 'Diamond Imprest' scheme to boost diamond exports

Daily Current Affairs   /   Govt launches 'Diamond Imprest' scheme to boost diamond exports

Change Language English Hindi

Category : National Published on: January 24 2025

Share on facebook
  • To maintain India's leadership in the global diamond industry, the Department of Commerce announced the Diamond Imprest Authorization (DIA) scheme on January 21, 2025.
  • Under the DIA scheme, duty-free import of natural cut and polished diamonds weighing less than ¼ carat will be allowed, provided the exporters meet the condition of at least 10% value addition.
  • The objective of the DIA scheme is to help India maintain its leadership in the global diamond industry, while also incentivizing exporters and ensuring the protection of domestic interests.
Recent Post's
  • Sudarshan Venu appointed Chairman and MD of TVS Motor effective August 25, 2025.

    Read More....
  • Flipkart gets RBI nod to lend directly to customers and sellers via NBFC licence.

    Read More....
  • Sara Errani and Andrea Vavassori win French Open 2025 mixed doubles title.

    Read More....
  • Census 2027 to include caste data, will be held in two phases across India.

    Read More....
  • Khichan and Menar wetlands in Rajasthan designated as new Ramsar sites.

    Read More....
  • MoSPI releases 'EnviStats India 2025' on World Environment Day.

    Read More....
  • S Mahendra Dev appointed as new Chairman of Economic Advisory Council to PM.

    Read More....
  • Kumar Mangalam Birla receives USISPF Global Leadership Award 2025.

    Read More....
  • Central Bank of India buys stake in Future Generali worth ₹451 crore.

    Read More....
  • Government launches ‘Ayush Nivesh Saarthi’ portal to boost investment in traditional medicine.

    Read More....