All jewellers on Wednesday called off their strike. About 60 percent of jewellers had already called off the strike after the government's assurance that the Ashok Lahiri Committee will consider all their demands. The jewellers had gone on a strike since March 2 after Finance Minister Arun Jaitley in his Budget announced a 1% percent excise tax on non-silver jewellery. Sanjeev Agarwal, CEO, Gitanjali Export Corporation, says although the industry is not happy that the duty has not been rolled back, he is relieved that jewellers are back in business. The company will make an attempt to recoup at least a part of its losses, says Agarwal.
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