189%: Increase in India’s gems & jewellery exports in June 2020 over the previous month in value terms — from $570 million to $1,647.5 million.
- June saw some revival in the country’s export of gems & jewellery after a low in May and April (for which official data was not released).
- However, on a year-on-year basis, the value of exports in June this year was 34.72 per cent lower than that in the same month last year.
- During the April-June period of 2020, the value of India’s gems & jewellery exports stood at $2,750 million, 54.8 per cent lower than that in the same period last year.
- Cut & polished diamonds accounted for 65 per cent of April-June exports — at $1,802 million during, or 49.7 per cent lower on a year-on-year basis.
- Exports of gold jewellery and coloured gemstones in the quarter were lower by 79.1 per cent and 80.6 per cent, respectively, while those of silver jewellery were 93.2 per cent higher on a year-on-year basis.
A few links for further reading
Insecure and uncertain in insurance business as Covid-18 damage claims mount
Insurance companies around the world were sailing smoothly, helped by growth in emerging markets and strong capitalisation. Things changed in late February when markets realised that Covid-19’s impact on insurers could be significant. Insurers are yet to know the full impact of the crisis as governments and regulators nudge them to give moratoriums to policyholders and quickly settle claims too. India’s insurance regulator has set strict deadlines for medical insurers to settle Covid-19 claims. General insurers face damage claims from businesses devastated by the national lockdown to contain the disease. Is insurance secured to survive, Joydeep Ghosh explains
There was a time when pay cuts we see today were a complete no-no; govt and public sector jobs were considered safe, as pay and pensions were both assured. Not any longer, it seems, writes T N Ninan
Quick approval, grace period
The COVID-19 pandemic has brought home the significance of health and life insurance like nothing else earlier. Even those who were blasé about these covers in the past are now looking to buy a new policy or want to enhance the sum insured on their existing ones. Meanwhile, the Insurance Regulatory and Development Authority of India (IRDAI) has been issuing a slew of guidelines to health/general and life insurance companies aimed at easing matters for customers.