This conference brought together leading orthopedic experts to address the key challenges and advancements in orthopedics and sports medicine
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Indians are still divided on the newly-introduced Goods and Services Tax (GST) in the country; its effects will be realistically known after some time.
The World Gold Council, meanwhile, has posted a report that forecasts how the precious metal - a major investment for Indians - will play out, primarily due to GST.
. Demand: From 650-750 tonnes in 2017, demand in India will likely touch 850-950 tonnes by 2020.
. Transparency: The three per cent GST on the precious metal will bring greater transparency to the supply chain, which would bring more of the gold market into the formal sector.
. State revenues: GST should boost central government and state revenues by ?3.9 trillion.
. Pure play: The new tax regime will make it harder for retailers to under-carat their customers.
. Legalities: Regional and national jewellery chains account for only 30 per cent of the market; with GST, it will be difficult for grey- and black-market sellers to operate, thus ensuring legal means of transactions for gold.
This conference brought together leading orthopedic experts to address the key challenges and advancements in orthopedics and sports medicine
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