Union Budget by Mr Jignesh Mehta, Founder & Managing Director, Divine Solitaires

The budget presented for 2020 has listed some interesting initiatives. Firstly, bringing down the direct tax rates is likely to positively impact people's consumption patterns. This is a good thing for the gems & jewellery industry.  Also, the boost that the government intends to give to the MSMEs could tremendously encourage development in the rural areas, which in turn will encourage growth.