21 October,2020 04:38 PM IST | New Delhi | IANS
Photo for representational purpose
The Union Cabinet on Wednesday approved productivity linked bonus and non-productivity bonus for the financial year 2019-20 for over 30 lakh non-gazetted employees.
The bonus will be given in a single installment, through Direct Benefit Transfer, before 'Vijayadashami'. It will cost the government a total of Rs 3,737 crore and benefit a total of 3.67 crore non-gazetted employees.
This comes as a reason to cheer for the government employees ahead of the festive season.
On October 12, the finance minister announced a number of measures to induce government employees to spend in the upcoming festive season, including a 'LTC Cash Voucher Scheme' and a 'Special Festival Advance Scheme'.
ALSO READ
CREDAI warns of increase in housing prices if 18% GST imposed on FSI charges
India's Constitution stands the test of time over 75 years: Nirmala Sitharaman
India has taken robust measures to regulate fintech industry: Finance ministry official
The Trump administration's policy decisions will greatly impact global trade
CM Stalin: Finance Commission recommendations must meet states' expectations
Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.
Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
