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Headlines: Centre’s Gift To Employees, 30 Lakh Staffers To Get Diwali Bonus

The central government on Wednesday decided to give Rs 3,737 crore as bonus to 30.67 lakh non-gazetted employees with a view to encourage spending during the festival season. The decision to give productivity-linked bonus and non-productivity-linked bonus for 2019-2020 was taken at the meeting of the Union Cabinet, Minister of Information and Broadcasting Prakash Javadekar told reporters. The Union Cabinet has approved productivity-linked bonus and non-productivity linked bonus for 2019-2020. More than 30 lakh non-gazetted employees will benefit by the bonus announcement and total financial implication will be Rs 3,737 crore. The bonus, to be given in a week’s time, will encourage the middle-class to spend and thus, add to the demand in the economy, the minister said. “It will be given in a single installment, through Direct Benefit Transfer, before Vijayadashami.

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