- The Union ministry of commerce has announced a committee to draft guidelines for forming a domestic council to streamline the Rs 5-trillion gems and jewellery industry.
- The five-member committee is headed by Pramod Agrawal, chairman, Gems and Jewellery Export Promotion Council. It has members from the India Bullion and Jewellers Association, AIGJF and other trade bodies.
- The committee is meant to formulate the constitution and election rules of the proposed council, which the government hopes to announce shortly.
