NEW DELHI : Central government employees can submit multiple lists of goods and services purchased in their own name to take advantage of the LTC (Leave Travel Concession) cash voucher program, according to the Ministry of Finance. The Department of Expenses, under the Ministry, has published a set of frequently …
Read More »Employees can opt for the cash equivalent of LTC, ₹ 10,000 up front
To boost consumer spending during the holiday season, the Delhi government announced on Thursday that its employees can take the cash equivalent of the Leave Travel Grant (LTC) if they opt for it. “Taking into account the difficulties of the employees due to the COVID pandemic and the shutdown, the …
Read More »LTC Cash Coupon Scheme Offers Option to Take Advantage Without Travel, Government Clarifies
Clearing up doubts about LTC’s latest cash voucher scheme, the Finance Ministry said the latest scheme offers employees an option to “spend on more than just travel.” To boost consumption, the central government introduced the LTC cash voucher scheme on Monday. Central government employees and UPMs are now eligible to …
Read More »LTC Cash Coupon Scheme: Should you spend Rs 3 lakh to get Rs 30,000 LTA tax sop? | India Business News
NEW DELHI: The government relies on broad participation from the private sector to drive licensing travel (LTC) cash voucher system. As is the case with most of these schemes, it is designed for central government employees, with suggestions to extend it to a larger base in the private sector, where …
Read More »‘Timely moves’: Prime Minister Modi after Nirmala Sitharaman’s 73 billion rupee stimulus
Prime Minister Narendra Modi praised Union Finance Minister Nirmala Sitharaman on Monday after she announced measures worth 73 billion rupees to stimulate consumer spending in the economy in an effort to combat the slowdown due to to the coronavirus pandemic. “Today’s announcements from FM @nsitharaman Ji are timely moves that …
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