October 27, 2020

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How government plans to boost consumer demand

Union finance minister Nirmala Sitharaman on Monday announced a slew of measures for central govt employees as part of its plan to increase consumer spending to spur demand. As a one-time measure, an interest-free advance of Rs 10K will be given to all central govt employees which can be repaid in 10 instalments. Staff to receive cash vouchers in lieu of LTC this year....

Union finance minister Nirmala Sitharaman on Monday announced a slew of measures for central govt employees as part of its plan to increase consumer spending to spur demand. As a one-time measure, an interest-free advance of Rs 10K will be given to all central govt employees which can be repaid in 10 instalments. Staff to receive cash vouchers in lieu of LTC this year.

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