Efforts in the direction of financial reforms, the Modi authorities has given an enormous reward to the staff throughout the festive season. It was introduced by Union Finance Minister Nirmala Sitharaman. The Finance Minister mentioned that in LTC voucher scheme, authorities staff can take vouchers in lieu of holidays. These vouchers can solely be used to buy non-food gadgets that appeal to GST.
Nirmala mentioned that underneath the LTC Money Voucher Scheme, authorities staff can go for money for the vacations. He mentioned that the quantity could be given prematurely for expenditure to encourage demand and particular competition advance scheme could be began. Clarify that each 4 years, the federal government provides LTC to its staff to journey to any vacation spot of their alternative. As well as, an LTC is given to them to journey to their house state.
The Finance Minister mentioned that LTC money voucher scheme and particular competition advance scheme will probably be launched. The quantity will probably be given prematurely for LTA expenditure to stimulate demand. The federal government’s expenditure on money for LTC could be Rs 5,675 crore. 1,900 crore will probably be given to PSUs and banks.
Additionally, 10,000 rupees will probably be given to authorities staff as competition advance. In order that authorities staff have cash for buying throughout festivals.
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