While the Honourable FM has presented a well-balanced budget and revision in Income tax is a welcome move. The Gems & Jewellery Industry is deprived of their key budget recommendations such as Reduction in Gold Custom Duty, EMI on Gold Jewellery, Reduction in credit card commission levied by banks and many more issues are not highlighted in the Union Budget 2023-24. Gems & jewellery industry plays a very pivotal role in our nation’s GDP and we shall continue approaching the Ministry as this industry needs special attention towards our concerns and provide reliefs for the progress of the Industry.