The price of gold is all time high on the day of budget, know how much it will cost 10 grams
Gold Price: While most government stocks skyrocketed on Budget Day, gold prices skyrocketed. On Budget Day, gold futures touched an all-time high of Rs 83,360 per 10 grams. The gold contract distributed in April on the Multi Commodity Exchange (MCX) touched a record high of Rs 83,360 per 10 grams in early trade.
However, it later declined marginally and was trading at Rs 82,233 per 10 grams, up Rs 1,127 (1.35 per cent). The contract entered into the open interest of 16,273 lots. On the previous trading day, gold was trading at Rs 82,233 per 10 grams. Silver also gained Rs 1,150 to Rs 94,150 per kg. On the previous day, silver was trading at Rs 93,000 per kg.
What was said in the budget?
Relief in income tax
No tax will be levied on annual income up to Rs 12 lakh. Further, income of Rs 16 to 20 lakh will be taxed at 20 per cent and Rs 20 to 24 lakh at 25 per cent.
Schemes for farmers
The Kisan Credit Card (KCC) limit has been increased from Rs 3 lakh to Rs 5 lakh. “Announcement of PM Dhan Krishi Yojana””, under this low yield farmers will be supported.”
Support for small industries
A special credit card scheme for small industries, in which 10 lakh cards will be issued in the first year. The credit guarantee will be increased from Rs 5 cr to Rs 10 cr.
Improvements in the education sector
75,000 seats in medical education will be increased in the next 5 years. WiFi connectivity will be provided to all govt. secondary schools and primary health centres.
Investment in health sector
There is a plan to set up ‘day care’ cancer centres in all district hospitals, with 200 centres to be set up in the first year.
Increase in infrastructure
The government has promised to invest more in infrastructure, which will boost growth and job creation.
Special Schemes
Special schemes have been announced under Make in India to promote the toy industry. Formation of Makhana Board in Bihar, which will benefit small farmers and traders.
