LTC scheme clarification: LTC scheme an option to avail the benefit without travelling: FinMin clarifies

The Finance Ministry on Tuesday clarified reports (including one in ETMarkets.com) that raised doubts over the usefulness of its LTC voucher scheme, saying it actually offers government employees an option to “spend on something other than travel” the money that one may fail to claim for being unable to travel.

The ministry said analysts raising doubts over the scheme were basing their arguments on the erroneous assumption that leave travel

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FinMin announces Travel cash voucher, special festival advance schemes for government employees



a man sitting on a kitchen counter: FinMin announces Travel cash voucher, special festival advance schemes for government employees


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FinMin announces Travel cash voucher, special festival advance schemes for government employees

In an attempt to stimulate demand and boost consumer spending ahead of the upcoming festive season, Finance Minister Nirmala Sitharaman on Monday announced a Travel (LTC) cash voucher and special festival advance schemes for government employees.

“Indications are that savings of govt. and organized sector employees have increased, we want to incentivize such

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Hotels, restaurants tell FinMin banks not cooperating in loan restructuring; may ‘succumb’ by year-end

The 10 PM deadline will further hurt business.Hotels and restaurants sought rationalizing and cutting down the number of licenses under ease of doing business policy.

Ease of Doing Business for MSMEs: Indian hotels and restaurants are likely to “succumb” by the end of the year due to the lockdown impact if immediate action is not taken by the government, Federation of Hotel & Restaurant Associations of India (FHRAI), which represents 5 lakh restaurants and 55,000 hotels, told

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