With the onset of the new financial year jewellers too are preparing for new norms for sale of gold. Akash Diwan, director of HM Diwan Jewellers, said, "The new policies that suggest that we can only give Rs 10,000 cash in exchange of gold to the client. These new norms come in the wake of demonetisation also and may have an impact on banking transactions too in the jewellery industry. Vikas Diwan, another director in HM Diwan Jewellers in Park Street in Kolkata, sounded optimistic with this but believes in wait and watch policy. Also read:Remove PAN card rule for cashless purchase, says jewellery federation chief at India Today Conclave

Source: India Today March 31, 2017 18:33 UTC