06 December 2020

Shopping Sops

Saraswathi Kasturirangan
The Indian economy, which came to a halt after lockdown, has started gaining momentum. With the festive season around, the government announced various measures to enhance consumer spending and boost the economy. Let us look into the aspects related to the salaried class in these announcements. LTC Cash Voucher For Central Government (CG) Employees CG employees are entitled to receive Leave Travel Concession (LTC) upon undertaking actual travel. However, given COVID-related restrictions and challenges stemming from social distancing, employees have been unable to travel. It means that CG employees have to forgo the LTC benefit in the absence of an alternative. As a one-time measure, the government has announced the benefit. A proportionate benefit would be given to employees unable to spend the eligible amount. Moreover, to facilitate spending, employees will be allowed to draw 50 per...
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