Ujjain : Faced with rapid exhaustion of their financial muscle power with continued fixed expenses and “nil” income for more than a month, the striking jewellers have decided to call off their indefinite strike till April 26, next parliament session.

All the shops including that of Sarafa, Chhota Sarafa, Lakherwadi and Freeganj will open on Wednesday. Jewellers began indefinite strike on March 1, immediately after Finance Minister Arun Jaitley announced 1% excise duty levy in the Union Budget 2016-17 on February 29. “We were hoping that the strike would create a pressure on the government and the excise levy would be rolled back as done on the past two occasions. But, the government is adamant this time. How long are we going to continue in this manner? The worst thing is that the government has made the entire jewellery industry susceptible with people have started looking at us with suspicious eyes,” said a jeweller.

Another jeweller said, it was all loss for them as the business was affected due to strike and the fixed cost including energy bill, maintenance of shop and labour costs, were incurred by them.  They said it will all be counted in overall annual income as they would be able to recover the loss in last month. The jewellers of the city have already incurred loss on occasion of Gudi Padva and now they are not willing to miss the ‘Abujh Muhurta’ falling in coming days. Such muhurta are heaven for marriages as astrological significance is needed on the day.

(To download our E-paper please click here. The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal