Yesterday's big news was related to gold. Gold reached its all-time high. The price of 10 grams 24 carat gold increased by Rs 623 to Rs 76,553. At the same time, the Dearness Allowance (DA) given to central employees has been increased by 3%.
Before tomorrow's big news, today's major events to keep an eye on…
- There may be a rise in the stock market today.
- Infosys-Wipro's second quarter results will come.
- Today is the last day of Hyundai India's IPO.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. Gold at all time high of ₹ 76,553: So far this year, it has become costlier by ₹ 13,201, can go up to ₹ 78 thousand by the end of the year.
Gold reached its all-time high on October 16. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 623 to Rs 76,553. A day before this, its price was Rs 75,930 per ten grams. Gold has become costlier by Rs 13,201 so far this year. Its price on January 1, 2024 was Rs 63,352 per 10 grams.
At the same time, the price of silver also increased. It increased by Rs 1,712 to Rs 91,512 per kg. A day before this, silver was at Rs 89,800. This year, silver has reached its all-time high of Rs 94,280 per kg on May 29.
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2. 3% increase in dearness allowance of central employees: Before Diwali, it increased from 50% to 53%, 49 lakh central employees benefited.
The Dearness Allowance (DA) received by central employees has been increased by 3%. The decision on DA increase was taken in the cabinet meeting held on Wednesday (16 October). After this increase before Diwali, dearness allowance has increased from 50% to 53%.
About 49.18 lakh central employees and 64.89 lakh pensioners will benefit from this. DA increases every 6 months. The increased DA will be applicable from July 1. That is, employees will get arrears of 3 months.
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3. MSP on wheat increased by ₹ 150, price ₹ 2,425 quintal: Mustard-oilseeds increased by ₹ 300; Increase in gram, lentils, barley and safflower also
The central government on Wednesday, October 16 increased the minimum support price (MSP) of 6 Rabi crops. The highest increase was made in mustard and oilseeds by Rs 300. Wheat price was increased by Rs 150 per quintal. In this way the minimum support price of wheat has become Rs 2,425 per quintal. The MSP of barley, gram, lentils and safflower has also been increased. This decision was taken in the cabinet meeting.
Rabi crops are sown at the time of retreating monsoon (October-November). These crops are usually harvested during the summer season in April. These crops are not much affected by rain. The major Rabi crops are wheat, gram, peas, mustard and barley.
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4. BEML will build the country's first indigenous bullet train: Contract worth ₹ 867 crores, rotating chair and onboard infotainment system will be available; Delivery will be by 2026
BEML, a company that manufactures equipment used in railways, defence, transport and mining, will make the coaches of the first indigenous bullet train. The company has got a contract worth Rs 867 crore for this.
This contract has been given to the company by Integral Coach Factory (ICF), Chennai. After the deal to buy Bullet Train from Japan did not reach its conclusion, Indian Railways had decided to build it in the country itself.
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5. Starlink will provide satellite broadband services in India: Government will not give spectrum through auction, Reliance-Airtel had demanded this; Musk had protested
The Government has decided to administratively allocate Satellite Communication (Satcom) spectrum. Earlier, Reliance Chairman Mukesh Ambani and Airtel Chairman Sunil Bharti Mittal had asked the government to allocate spectrum through auction.
On this decision of the government, Starlink and SpaceX owner Elon Musk has promised to provide satellite broadband service in India. He gave this information in his X post. Earlier, Musk had objected to the advice of both the Indian businessmen.
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Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow's share market and gold and silver…
Know the latest price of petrol, diesel and gas cylinder…
Graphics Source: VaskarAssets
