TIL Desk/Business/New Delhi/ Addressing a news conference on Monday, Finance Minister Nirmala Sitharaman on Monday said the coronavirus pandemic has affected the economy, and that the government unveil new proposals to stimulate demand.
Government to give Rs 10,000 special festival advance all its employees as one-time measure to stimulate demand in the economy.
To stimulate demand, expenditure will be front-loaded; new schemes include LTC cash voucher scheme and special festival advance, she says.
Government to give cash to employees in lieu of LTC ticket fare component for buying items attracting 12 pc or more GST, Sitharaman announces.
The central government’s payout on cash-in-lieu-for-LTC will be Rs 5,675 cr, and Rs 1,900 cr for PSUs and banks, she says.
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