Diwali Bonus For 30 Lakh Govt Employees

Rs 3737 Crores bonus for 30.6 lakhs Central govtemployeesOn Wednesday Union Minister of Information & Broadcasting Prakash Javadekar said this Diwali gift will benefit non-gazetted employees including those in autonomous central government Organisations.

[ Img : Prakash Javedkar ]

Announcement for financial year 2019-20 is aimed at providing productivity-linked bonus ( PLB ) as well as non-productivity-linked bonus or ad-hoc bonus to non-gazetted government employees.

Union Cabinet has approved to pay PLB for the year 2019-20 to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, EPFO, ESIC will be benefitted and the non-financial implication would be Rs 2,791 crores, “mentioned in the official statements

The bonus aimed at at boosting public spending will be given in a single installment through DBT ( Direct Bank Transfer ) before Dussehra festival on October25, minister said.

” This will encourage the middle class to spend and thus add to the demand in the economy,” minister said.

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