Buying Mangalsutra For Women Has Become Cheaper, Why Did Piyush Goyal Say This?

‘Mangalsutra’ is the most precious thing for a married woman in India. The emotional value associated with this is so much that in the Meenakshi temple of Madurai, married women touch their Mangalsutra at the feet of the Mother Goddess and then wear it. But in recent times, making Mangalsutra for women has become very expensive, so Union Minister Piyush Goyal now says that making Mangalsutra has become cheaper in the country. After all, what is the reason for this?

Mangalsutra is made by stringing black pearls, but the gold pendant is the most important part. Sometimes a gold chain is also used instead of a black pearl necklace. Gold comes to India only through imports, and the Modi government has reduced import duties on gold.

Buying Mangalsutra for women becomes cheaper

Union Commerce and Industry Minister Piyush Goyal says import duties on gold have been reduced in the country. Therefore, women will no longer have any problem in purchasing Mangalsutra. Piyush Goyal said in a program that the price of gold has fallen due to reduction in import duties. With this, our mothers, sisters and all other women in the country will now be able to easily buy big and heavy Mangalsutra.

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When Finance Minister Nirmala Sitharaman announced the full budget in July this year, she had slashed import duties on gold. Thanks to this, the import of gold into the country has become cheaper. Piyush Goyal also said that there has been a long-standing demand to reduce taxes in the gold industry. The question arose that the tax on gold should be removed so that traders and customers can remain profitable.

Promote the country’s tourism in jewelry stores abroad

Piyush Goyal made a unique request to the Gems and Jewelery Export Promotion Council (GJEPC). He asked jewelers to promote Indian tourist places through overseas gold shops. This will help and benefit the country and the entire region. Many Indian jewelers have huge businesses from Singapore to Malaysia, Thailand and the Gulf countries. In such a situation, Indian tourist destinations can be promoted in these stores.