Diwali of private employers will improve, Modi government may announce this new scheme

Diwali of private employers will improve, Modi government may announce this new scheme

 Along with Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Singh Thakur is also working to boost the economy affected by the Korona virus epidemic.  He said the central government was ready to take further steps to worsen the state of the economy.  He also hinted that the picture on LTC (Leave Travel Allowances) benefits for private sector employees would be clarified soon.  Referring to the recently announced incentives, he said the government's intention was to provide necessary help to the deprived and poor.  Although the package was announced for government employees, the cost will be on some items that will directly benefit small traders.

 When will the picture be clear on the LTA for the private sector?R

egarding the provision of LTA benefits to private sector employees, he said that clarifications would be made soon about those employees who have adopted the new tax system or who have already availed of the LTA.  A clarification on this may be issued in the coming weeks.

In an interview to the English newspaper Times of India, Anurag Thakur said that both the stimulus package and its impact on the economy said that we need to see a bigger picture.  Criticism will happen naturally.  India is the only country where 800 million people have been given free food for 8 months.  Apart from this, Rs 68,000 crore has been transferred to the bank accounts of the poor.

 The condition of the rural economy improved

 Regarding the rural economy, Anurag Thakur said that it is in a good condition.  The rural economy is not just about MNREGA or agriculture.  Work is also being done on the infrastructure level.  Which is creating new employment opportunities.  Demand for tractors, motorbikes, four-wheelers and houses is on the rise in rural areas.  Now people are starting to spend.


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