Tanishq Eyes on Government Policy to Revive Gold Harvest Scheme
Jeweler | 2014-06-05 05:46:47
Titan Company has been looking forward to boost up the business with the jewellery purchase scheme of its subsidiary company Tanishq. It is said that the company is waiting for the government’s revival of the gold harvest scheme.
By Paul Ploumis
MUMBAI (Scrap Monster): Titan Company has been looking forward to boost up the business with the jewellery purchase scheme of its subsidiary company Tanishq. It is said that the company is waiting for the government’s revival of the gold harvest scheme.
As per the report, Tanishq stopped its gold jewellery purchase scheme, golden harvest savings scheme, since April because the RBI imposed the new company act that no deposit can pay more than 12.5% as return, the scheme had turned illegal.
Tanishq offered the customer to pay a fixed amount every month for 11 months with the 12th month installment paid by Tanishq.
Tanishq is a prominent jewelry brand of India. It pioneered the concept of branded jewellery and ornaments in India. It is a division of Titan Company Limited a company promoted by the Tata Group, one of India's largest conglomerates, in collaboration with the Tamil Nadu Industrial Development Corporation (TIDCO).
