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From medicines to diamonds, what will attract zero tariff? Commerce Minister Piyush Goyal told

Admin — Sat, 07 Feb 2026 11:34:46 +0000

After the interim trade agreement between India and America on Saturday (February 7), Union Commerce and Industry Minister Piyush Goyal has called it a big deal in the interest of both the countries. The Union Minister said in the press conference that America has imposed 35 percent tariff on our neighboring countries China and 20 percent tariff on Bangladesh, whereas it will impose only 18 percent tariff on India.

Piyush Goyal said that there are many items on which America will not impose any tariff. Under this agreement, the US will remove tariffs on some Indian exports such as generic medicines, gems, diamonds and aircraft parts. He said that the $30 trillion economy opens up for our exporters with most preferred duty. Late last night, the joint statement decided between India and America was put before the world. It has been welcomed everywhere. Goyal said that today will be written in golden letters in the history of India.

What was said about Developed India 2047
The Union Industry Minister said that today is an important day in the path of Developed India 2047. Trade talks between India and the US started in February 2025, with the aim of achieving an export trade of $ 500 billion per year. He praised the leadership of Prime Minister Modi and US President Trump for presenting a grand, visionary vision while strengthening bilateral relations.

These goods will be tariff free
He said that this agreement is expected to increase opportunities for Indian exporters, especially small and medium enterprises, farmers and fishermen. Under the India-US trade agreement, there will be no duty on exports of many major goods to America. Gems and jewelery as well as pharmaceutical products will now get tariff free access, which will enhance India’s export competitiveness and also support Make in India.

Piyush Goyal said that diamonds, pharma, coffee, mango and many other items will be exported to America tariff free. Many Indian products in the agricultural sector can now be exported to America without any tariff. These include tea, spices, coconut oil, vegetable wax, betel nuts, Brazil nuts and many types of fruits and vegetables. According to Piyush Goyal, there will be no reciprocal tariff on vegetable roots, grains, barley, bakery products, cocoa products, sesame seeds, poppy seeds and citrus fruit juices and now they will become tariff free in the American market.

How much tariff on China and Bangladesh
He further said that many goods which earlier attracted 50 percent tariff, will now go to the American market with zero tariff. Highlighting a major win for Indian exporters under the new India-US trade framework, Piyush Goyal said 35 per cent tariff has been imposed on China, while 25 per cent tariff has been imposed on Bangladesh and Vietnam.

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How many diamonds can be kept in the house at a time? Know the matter of work

Admin — Sat, 27 Sep 2025 05:24:44 +0000

Like gold, diamond is considered not only jewelery but also a very precious means of investment. The demand for hero in India has always been high. On marriage, engagement or family occasions, the diamond has special significance due to its brightness and inflation. At the same time, many people also keep it as investment, but the question arises that how many diamonds can be kept in the house and whether there is any law for it.

How many diamonds can be kept at home?

No limit is fixed for how many diamonds can be kept in homes in India. Which means that you can keep diamonds according to your property. However, it is necessary to have transparency in the purchase and maintenance of high value diamonds. This not only ensures security, but any dispute or legal problem in the future can also be avoided.

Tax and Custom Rules on Diamond Purchase

3 percent GST is applicable in India on the purchase of diamonds. On the other hand, if you are bringing diamonds from abroad, then it is mandatory to declare it in custom. Jewelery duty up to 1 lakh for women and up to 50 thousand rupees for men can be brought free. Custom duty on more value jewelery can be up to 38.5 percent. At the same time, it is very important to keep these voice certificates and insurance documents for the purchase and maintenance of diamonds. It is also necessary to keep diamonds in the house because it is more likely to spoil. In such a situation, you can use the jewelery box to keep the diamond safe and you can save the photo of every diamond in digital form. This can prove to be helpful in the event of theft or loss, apart from this, documents are also prepared during the custom and GST.

What should be kept in mind while buying a diamond

While buying cucumbers, it is necessary to first understand the quality of diamonds. Jewelers assess diamonds on the basis of 4C i.e. cut, color, clarity and carat. Apart from this, it is necessary to have a authentic certificate of diamonds like Gia, IGI or HRD. So that his true identity can be ensured. If you are buying a diamond, it is also necessary to check its setting and construction, because the real diamond is strong and does not break easily.

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Top Diamond Producing Countries: Which country has the most diamonds in the world? Know the names of top-10 countries

Admin — Mon, 15 Sep 2025 15:35:37 +0000

Top Diamond Producing Countries: Diamonds are one of the most prestigious natural resources in the world. It is also known for its brightness and beauty as well as extraordinary rigor and industrial applications. Diamonds are used in many important industries until harvesting and drilling as well as polishing. Let us tell you that diamonds are a symbol of wealth, love and prestige. Today we are going to tell you about the world’s top 10 diamond producing country. So let’s know.

Russia

The major mines of Russia include eg, Mirni, Jubilee, Grib. If you talk according to the quantity, then Russia is the largest diamond producer. Russia is dominating the Industrial and Ratna Hira Bazaar with a technology technically better mining structure and large -scale operations.

Botswana

The main mine of Botswana is Joaneng and Pararapa. This place is the top diamond producers according to the price due to its high quality stones. Let us tell you that diamonds are a foundation for the country’s economy. They provide a lot of money for infrastructure, education and healthcare. Especially the Jawaung mine is one of the most rich mines in the world.

Canada

The main mine of Canada is Diawick, Ekat and Gocha well. Let us tell you that this country has made an international recognition for moral and trasable diamond meaning. The diamonds here follow quality, transparency and environmental standards well and that is why they are very popular worldwide.

Democratic Republic of Congo

The major mine here is the butchers area. Let us tell you that this place is filled with natural resources and mostly produces diamonds of industrial category. But there is informal mining here and some challenges like regulation affect transparency in production.

Australia

The main mines here are Argil mine. This place is very famous for pink diamonds and other rare gems. But let us tell you that this mine was closed in 2020 and this place was a big source of colorful hero. But despite this, Australia remains one of the top producers.

South Africa

The major mines of South Africa are Venesia, Kalinan, Finsh. There is a historical heritage in diamond mining here. Here both types of gems of big and more luck are produced. This country plays an important contribution in the global market and is famous for the gems used in jewelery around the world.

Angola

The major mines here are Catoca and Luale. It is one of some main diamond producers of Africa. Let us tell you that alone Katoka mine holds a large part of the country’s production.

Zimbobwe

The major mine here is a marriage area. Alluvial diamonds originate here. At the same time, this region is very much under development, but international concerns related to transparency and administration are affecting the industry here.

Namibia

The major mine or region of Namibia is an offshore marine mining. This place is known for its sea diamond mining. You will be surprised to know that stones come out of sea level here. Strict environment or rules are followed here to ensure that the operation is durable and also finds good quality diamonds for international markets.

Brazil

The main mines here are Minas Gerace and Mato Groso. It is the largest diamond producer in South America. Let us tell you that Brazil Ratna provides both quality and industrial types of diamonds. But the production here is less than African and Russian production. But despite this, Brazil remains a special source of unique stones in the global market.

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