Finance Minister Nirmala Sitharaman today announced a special Festival Advance Scheme for central government employees revived as a one-time measure. 3) The government expects to disburse ₹4000 crore under this advance scheme 4) If given by state governments, another ₹8000 crore is likely to be disbursed. To stimulate demand in the economy, the government also announced giving out cash vouchers …
Finance Minister Nirmala Sitharaman today announced steps to stimulate consumer demand including advance payment of a part of the wages of central government employees for spending during the festival season, part of efforts to bolster the economy hit by the coronavirus pandemic. Here's are highlights of Finance Minister Nirmala Sitharaman's press conference: -We estimate that the measures announced today, for …
The government on Monday announced two measures aimed at increasing consumer spending — the LTC Cash Voucher scheme and Special Festival Advance Transfer scheme. The schemes primarily focus on offering cash benefits to central government employees as the government believes that it will lead to higher consumer spending during the festive season. Here is all you need to know about …
