Post-Budget Quote – Prithviraj Kothari, MD and CEO, RSBL
![Mr. Prithviraj Kothari](https://mediabulletins.com/wp-content/uploads/2022/02/Mr.-Prithviraj-Kothari-1.jpg)
Mr. Prithviraj Kothari
“Union Budget 2022 failed to add glitter to the Bullion Industry as there is only one change of Custom duty cut on Diamonds from 7.5% to 5%. Bullion Industry had a lot of expectations from this budget from approval of setting up of Bullion bank to tax breaks on income from the sale of old gold and on earnings from sovereign-gold bonds, from the removal of CTT to the reduction of GST rate on making handcrafted jewellery and job work changes and much more. I hope all such expectations are met in the near future to develop a transparent and encouraging Gold ecosystem in our country.”
-Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL)