Wednesday, July 2, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Diamonds, artwork, watches and more: A peek into India’s Toshakhana

by Parvathi Benu
November 5, 2022
in Business
Reading Time: 4 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


A silver diamond-emerald jewellery set, a few Rado watches, multiple Mont Blanc pens, daggers, vases, carpets, paintings and ancient coins. As enthralling as all of it sounds, nobody owns any of these. These are gifts received by public servants over the last few years and were deposited in the Toshakhana or the provincial treasury.

India’s Toshakhana is a repository of articles or gifts received by ministers, diplomats and heads of armed forces while discharging their official duties, from foreign sources. According to the data available with the Ministry of External Affairs, between January 2019 and April 2022, Toshakhana received 2,036 items, that cumulatively have a value of ₹7.76 crore. A 1978 Gazette states that each gift received by public servants is assessed by the Ministry of External Affairs and a rate is assigned to it based on its worth in the Indian market. Recipients are allowed to keep items that are valued lesser than ₹5,000. If it exceeds the limit, they can retain it by paying extra.

According to the Ministry of External Affairs, “Some of the expensive gifts received from the foreign dignitaries have been sent to the National Museum for appropriate display from time to time. Several important gifts have been displayed at the Official Residence of the Prime Minister and in this Ministry (MEA).” Some articles, like jewellery or items that are not likely to be required for presentation are also auctioned off by the government. These items are kept in a double-locked iron box. Gold coins or government mintage are made over to the treasury, while animals presented are sent to the nearest army service corps for early sale or handed over to zoological gardens.

In 2022, until the end of April, Toshakhana received 84 items. All of them cumulatively have a value of ₹8.04 lakh. The most expensive of these gifts is a small ring with a carved idol of Lord Ganesha that Prime Minister Narendra Modi received on April 7. This is valued at ₹81,000. This is followed by a pearl pendant set that External Affairs Minister S Jaishankar received ( ₹72,000) and a pen set gift packet that Modi received ( ₹48,000).

While Jaishankar received 25 items this year that got deposited in the Toshakhana, he is followed by V Muraleedharan, Union Minister of State for External Affairs and Parliamentary Affairs, who contributed nine items. Modi received seven articles in 2022.

In the last few years, the number of items that Toshakhana received has been going down. For instance, the repository received around 768 items in 2018, while it came down to 401 in 2019. In 2020, during the pandemic, it further went down to 117. It was slightly up in 2021 — 127.

Between 2019 and 2022, the most expensive item that the Toshakhana received was a silver diamond emerald jewellery set. This was received by Sushma Swaraj, when she was the External Affairs Minister, on April 3, 2019. This was valued at ₹6.70 crore.

SHARE

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on November 5, 2022





Source link

Tags: DiamondsartworkIndiasPeekToshakhanaWatches
Previous Post

Universal Corp (UVV) Q2 2023 Earnings Call Transcript

Next Post

Best 4K TV for 2022

Related Posts

JBS N.V. Stock: Buy Before The Market Wakes Up To This Global Value Play (NYSE:JBS)

JBS N.V. Stock: Buy Before The Market Wakes Up To This Global Value Play (NYSE:JBS)

by Abdul-Rahman Bhery
July 2, 2025
0

This text was written byObserveI'm an enthusiastic fairness analysis and funding analyst with a powerful curiosity in making use of...

Nifty IT top sectoral gainer today; Infosys, TCS, Wipro lead

Nifty IT top sectoral gainer today; Infosys, TCS, Wipro lead

by zee business
July 2, 2025
0

Info Expertise (IT) shares noticed shopping for motion in Wednesday's commerce (July 2, 2025), lending assist to the headline indices...

Nothing Phone 3 Price In India, US, UK, Europe — Check Full Specs, Playful New Design, Powerful Camera

Nothing Phone 3 Price In India, US, UK, Europe — Check Full Specs, Playful New Design, Powerful Camera

by NDTV Profit Tech
July 2, 2025
0

Chipset: Qualcomm’s Snapdragon 8s Gen 4 processor.OS: Android 15-based Nothing OS 3.5, 5 years of Android updates, seven years of safety updates.RAM/Storage: 12GB + 256GB, 16GB...

Megasoft to divest 36.5% in Swiss arm Extrovis AG for  mn

Megasoft to divest 36.5% in Swiss arm Extrovis AG for $15 mn

by Euro Times
July 1, 2025
0

Megasoft Restricted has determined to promote its complete 36.52 per cent holding in Extrovis AG, Switzerland, an affiliate firm, for...

Airlines want retroactive exemption on compensation claims

Airlines want retroactive exemption on compensation claims

by Stav Livne
July 2, 2025
0

Some Israeli and overseas airways and tour operators have requested Minister of Transport Miri Regev, Minister of Finance Bezalel...

Mega trend emerging in silver, time to sell gold and top up in silver? Gautam Shah answers

Mega trend emerging in silver, time to sell gold and top up in silver? Gautam Shah answers

by Euro Times
July 1, 2025
0

Gautam Shah, Founder, Goldilocks Premium Analysis, says after a interval of great good points in gold, which he efficiently traded,...

Next Post
Best 4K TV for 2022

Best 4K TV for 2022

Scatec ASA (STECF) Q3 2022 Earnings Call Transcript

Scatec ASA (STECF) Q3 2022 Earnings Call Transcript

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SoftBank’s acquisition of AI chip designer Ampere may be facing an FTC probe

SoftBank’s acquisition of AI chip designer Ampere may be facing an FTC probe

July 2, 2025
After Binance, BitMart Launches in Syria With New AI Tool

After Binance, BitMart Launches in Syria With New AI Tool

July 2, 2025
Santander doubles down on UK presence amid Spain’s banking M&A turmoil

Santander doubles down on UK presence amid Spain’s banking M&A turmoil

July 2, 2025
Arizona governor vetoes Bitcoin reserve fund bill for the third time

Arizona governor vetoes Bitcoin reserve fund bill for the third time

July 2, 2025
DroneShield secures .7M counter-drone deal in Latin America

DroneShield secures $9.7M counter-drone deal in Latin America

July 2, 2025
JBS N.V. Stock: Buy Before The Market Wakes Up To This Global Value Play (NYSE:JBS)

JBS N.V. Stock: Buy Before The Market Wakes Up To This Global Value Play (NYSE:JBS)

July 2, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

SoftBank’s acquisition of AI chip designer Ampere may be facing an FTC probe

After Binance, BitMart Launches in Syria With New AI Tool

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In