The latest news is that Diwali bonus will be given to government employees

The Modi government has decided to give bonuses to about 30 lakh government employees before Diwali.  The government has taken this decision to boost demand by increasing consumer spending in the market at a time when India’s economy is going through a bad time due to the Corona virus.  .  લાખ 30 lakh 67 thousand government employees benefit will be credited before Dussehra Finance • Government is making decision to increase demand

The government has announced productivity and non-productivity lease bonuses for the financial year 2019-2020 as the government continues to make efforts to increase demand.  Following this announcement of the government, 30 lakh 67 thousand non-gazetted government officials and employees will get benefits.

The money will be available just before Dussehra. After this announcement, a burden of Rs 3737 crore will fall on the exchequer.  Union Minister Prakash Javadekar said the bonus would be declared in a single installment and the amount would be received by all employees and officials before Vijayadashami through direct benefit transfer.

It is noteworthy that the government is giving a lot of benefits to government employees and officials.  Earlier, Sir LTC had come up with a cash voucher scheme.  Corona virus has hit the Indian economy hard, India’s economic affairs secretary Tarun Bajaj said, adding that the economy would improve as the number of cases of corona virus decreased.  He said departments have been asked to increase costs so that more benefits can be seen.

A major decision has been taken in the cabinet meeting chaired by Prime Minister Narendra Modi.  The cabinet has announced Diwali bonuses for 30 lakh government employees.  Informing the decision of the cabinet.  Union Minister Prakash Javadekar said that the money would be transferred directly to the employees’ accounts through DBT i.e. Direct Benefit Transfer.  The money has been ordered to be transferred immediately, he said.

Center employees will be able to take advantage of the LTC scheme. Let me inform you that Finance Minister Nirmala Sitharaman has also announced a special LTC scheme in view of the impact of Kovid 19 on the economy.  It will benefit central government employees.  In this scheme, employees will get cash vouchers instead of LTAs.  However, it must be used before March 31, 2021.  However, to avail this facility, the government has given some guidelines which have to be followed.