How will it work? Should you go for it?

Finance Minister Nirmala Sitharaman announced on Monday an LTC cash voucher program for central government employees to boost consumption ahead of the holiday season. Employees will now be able to purchase goods and services in lieu of the tax-exempt portion of the Leave Travel Grant or Leave Travel Permits (LTC …

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IMF projects India’s GDP to shrink 10.3% in 2020

The International Monetary Fund (IMF) projected on Tuesday that India’s gross domestic product (GDP) would plunge in fiscal year 21 by 10.3%, revised down from its June forecast of a 4.5 drop. %, which reflects a severe contraction of what was anticipated in economic activities in the first year. quarter …

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