Jaipur rush leaves Delhi bullion market panting- The Economic Times

Jaipur rush leaves Delhi bullion market panting- The Economic Times: "NEW DELHI: The $3-billion bullion market of Delhi is heading for a crisis as business is moving to Jaipur. Even the minuscule 0.75% tax difference after Delhi embraced the value-added tax (VAT) has come as an incentive for jewellers and bulk buyers to source gold, silver and jewellery from neighbouring Jaipur.

Rajasthan's decision to keep itself away from VAT has not only resulted in a revenue loss for Delhi but also indicates higher prices of gold and silver jewellery in the coming marriage season.

Bullion trading, in particular, is expected to hit hard by this differential tax structure. Most of the bullion traders including the single largest bullion trader in the Indian subcontinent, MMTC Ltd plans to dump Delhi in favour of Jaipur. "

Jaipur to get its own IT hub - The Economic Times

Jaipur to get its own IT hub - The Economic Times:

"JAIPUR: Greater Noida's IT city has become the model for setting up a similar venture in the Rajasthan capital.

The decision to model the IT city in Jaipur on the lines of Greater Noida was taken after minutely studying the master plans of several other big cities, Lalith Panwar, Commissioner of Jaipur Development Authority, said.

He said already a high- level committee comprising of experts on town planning, law and order, architect and township developers has been constituted to suggest necessary amendments in the existing Jaipur Master Plan for developing the proposed IT city.

Initially, proposals for setting up an IT corridor on the Ajmer Road state highway and an IT park on a sprawling 25,000 sqm. area in Durgapura locality had been made. "