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The jewellery strike caused a loss of 60k-70k crore

The Gems and Jewellery Export Promotion Council (GJEPC) reported that the 18 day strike initiated by the jewellery industry has caused a loss of 60,000-70,000 crore to the jewellery industry. The protest was against the proposed 1% excise duty of non-silver jewellery. A three member committee is supposed to submit a report to the government on the issue.

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