{"id":6873,"date":"2025-01-22T18:31:46","date_gmt":"2025-01-22T13:01:46","guid":{"rendered":"https:\/\/www.class24.study\/exams\/?p=6873"},"modified":"2026-02-24T12:51:18","modified_gmt":"2026-02-24T07:21:18","slug":"diamond-imprest-authorization-scheme-dia-to-boost-india-s-global-diamond-trade-7888","status":"publish","type":"post","link":"https:\/\/www.class24.study\/current-affairs\/diamond-imprest-authorization-scheme-dia-to-boost-india-s-global-diamond-trade-7888\/","title":{"rendered":"Diamond Imprest Authorization Scheme (DIA) to Boost India\u2019s Global Diamond Trade"},"content":{"rendered":"<p dir=\"ltr\"><span style=\"color:#000000\">On January 21, 2025, the Department of Commerce launched the Diamond Imprest Authorization (DIA) Scheme to build India&#39;s global diamond sector position. Natural Cut and Polished Diamonds under &frac14; Carat may enter India duty-free and diamond exporters must boost item value by 10%. This scheme helps Two Star Export Houses with more than US $15 million in exports to operate as MSME exporters. The program works to support our diamond processing industries while creating work opportunities keeping investments at home and pushing more diamond exports out. The new rules begin taking effect from April 1, 2025.<\/span><\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Scheme Introduction: <\/strong>On January 21, 2025, the Diamond Imprest Authorization Scheme launched under India&#39;s Department of Commerce aimed to improve India&#39;s international diamond business position.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Implementation Date:<\/strong> Starting from April 1, 2025, the program will begin to operate.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Duty-Free Import:<\/strong> The program lets businesses import Natural Cut and Polished Diamonds duty-free when these pieces weigh less than 25 Cents to increase diamond value and boost export volumes.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Export Obligation: <\/strong>Under this scheme diamond exporters must boost product quality by 10% to remain competitive in international gemstone markets.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Eligibility Criteria:<\/strong> Exporters with Two Star Export House status and annual exports over US $15 million may take advantage of this program.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Global Competitiveness: <\/strong>The program aims to level the diamond export playing field between MSMEs and larger companies by giving them better odds against countries Botswana, Namibia, and Angola which offer diamond processing benefits.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Protecting Domestic Industry:<\/strong> The program stops money from leaving India to diamond-mining regions which preserves local diamond manufacturing jobs and maintains domestic employment.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Employment Generation: <\/strong>The approach will produce new diamond processing jobs that will help build skilled professionals in this field.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Boost to Exports: <\/strong>The DIA scheme wants more Cut and Polished Diamonds to leave India while helping the nation keep its diamond market leadership position.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Rejuvenating the Sector: <\/strong>The initiative will restore India&#39;s diamond market by helping its export troubles while saving jobs.<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\"><span style=\"color:#000000\">Implications and Potential Benefits:<\/span><\/h3>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Boost to Global Trade:<\/strong> The scheme helps India connect better with worldwide partner nations by selling enhanced diamond products. The policy will boost India&#39;s position in worldwide diamond trading by sending the best diamond export quality to overseas buyers.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Strengthening the &lsquo;Make in India&rsquo; Initiative:<\/strong> Under this plan India&#39;s Make in India strategy aims to grow diamond exports by adding value to the product structure.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Sustainable Growth: <\/strong>The scheme lets India&#39;s diamond industry process more materials at home to boost diamond and linked industrial sectors like retail and tourism while promoting long-term financial development.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Job Creation and Skill Development: <\/strong>More diamond industry jobs will create more skilled workers who boost both national development and economic progress.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Addressing International Competition: <\/strong>Indian diamond exporters use the DIA scheme to compete better in the international diamond production and trading markets. Because of these policies, India maintains its strength within the worldwide diamond supply chain even when other countries impose strict beneficiation rules.<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\"><span style=\"color:#000000\">Challenges<\/span><\/h3>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Logistical and Regulatory Hurdles:<\/strong> Smooth implementation depends on making it easier to handle official paperwork.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\"><strong>Environmental Concerns:<\/strong> More demand for diamonds will lead to new solutions for responsible mining that protects the environment.<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\"><span style=\"color:#000000\">Way Forward<\/span><\/h3>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\">The company needs to invest more in diamond technology research to protect its market leadership position from business rivals.<\/span><\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\"><span style=\"color:#000000\">By supporting cooperation between private and public organizations we promote small businesses that operate within the diamond sector.<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\"><span style=\"color:#000000\">Conclusion:<\/span><\/h3>\n<p dir=\"ltr\"><span style=\"color:#000000\">The Diamond Imprest Authorization Scheme helps India stay as a diamond industry leader by keeping its businesses competitive and protecting jobs while making India a stronger diamond nation in world markets. The plan will restore the diamond sector by helping companies add value and increase exports which will create lasting advantages for both industry members and their employment markets.<\/span><\/p>\n<h1 dir=\"ltr\" style=\"text-align:center\"><span style=\"color:#000000\">Mind map<\/span><\/h1>\n<h3 dir=\"ltr\" style=\"text-align:center\"><span style=\"color:#000000\">Netaji&#39;s Birth Anniversary: Parakram Diwas from January 23 to 25, 2025<\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Full Name<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Subhash Chandra Bose<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Birth Date<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">January 23, 1897<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Birth Place<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Cuttack, Odisha, India<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Role in Indian Freedom Struggle<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Leading figure in the Indian independence movement, founder of the Azad Hind Fauj (Indian National Army)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Famous Slogan<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">&quot;Give me blood, and I shall give you freedom!&quot;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Education<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Graduated from Scottish Church College, Kolkata. Later studied at Cambridge University in the UK.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Civil Services<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Secured 4th position in the Indian Civil Services Examination (ICS) in 1920, but resigned to join the freedom movement.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Political Affiliation<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Indian National Congress (INC), later formed Forward Bloc<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Key Leadership Positions<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">President of the Indian National Congress (1938 &amp; 1939), leader of the Indian National Army (INA)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Indian National Army (INA)<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Established in 1942 in Southeast Asia to fight against British rule.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">INA&#39;s Role<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">The INA fought alongside Japan during World War II to liberate India from British colonial rule.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Allied with Axis Powers<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Formed an alliance with Nazi Germany and Imperial Japan during World War II.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Disappearance<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Disappeared on August 18, 1945, under mysterious circumstances after a plane crash in Taiwan.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Legacy<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Celebrated as a national hero, honored with the title of &ldquo;Netaji&rdquo; (Respected Leader), and known for his leadership and patriotism.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Parakram Diwas<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">January 23, Netaji&#39;s birth anniversary, is celebrated as Parakram Diwas (Day of Valour) in his honor since 2021.<\/span><\/p>\n<p dir=\"ltr\"><span style=\"color:#000000\">Cuttack, Odisha, is set to host a historic three-day celebration of Parakram Diwas from January 23 to 25, 2025<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Major Works and Books<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Authored books such as The Indian Struggle, discussing India&#39;s fight for independence.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Notable Quotes<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">&quot;I am not a pessimist, I am an optimist because I believe in the strength of the people.&quot;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">Commemoration<\/span><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\"><span style=\"color:#000000\">The Netaji Birth Place Museum in Cuttack, Odisha, is dedicated to his life and legacy.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>On January 21, 2025, the Department of Commerce launched the Diamond Imprest Authorization (DIA) Scheme to build India&#39;s global diamond sector position. Natural Cut and Polished Diamonds under &frac14; Carat may enter India duty-free and diamond exporters must boost item value by 10%. This scheme helps Two Star Export Houses with more than US $15 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-6873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/6873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/comments?post=6873"}],"version-history":[{"count":1,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/6873\/revisions"}],"predecessor-version":[{"id":6893,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/6873\/revisions\/6893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/media\/6874"}],"wp:attachment":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/media?parent=6873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/categories?post=6873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/tags?post=6873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}