$10 Billion demand boost
Central Govt employees will get festival advance of INR 10000 interest free in form of Rupay card.
This is recommended by the Govt for state govts psus and private sector too. LocalCircles should perhaps do a survey so if private sector employees want it their employers do it.
Attached details. more
Govt's proposal seems to be without home work. Reason...
Scheme is for employees.
An employee gets Rs. 20000 to some lakh as LTC..
So the employee has to spend Rs. 60000 to 3 times his total LTC benefit....
Some employees can buy TC, AC, Bike...etc. for 20000 - 60000 range...
But, the employee who gets a lakh and has to spend 3 lakhs, what will he buy?
Already one of the anchors of a business channel has stated today morning "who will avail and who will spend?" more
Where will Rs.73,000 come from? By printing more money? By diverting funds used for other expenditures? If so, how the recipients of those expenditures will be impacted? I did not read all the verbiage, but hope it addresses these points. Smt. Sitaraman is a smart cookie, so I am sure she has formulated this initiative nicely. more
Tax payers money is wasted as as too much salaries to Govt employees .On the other hand ,money can be made to spent on agriculture,textile ,transport ,power ,energy sector.Supporting the real ,relevant export sector can be encouraged,Health security is important and our people can think of investing in this industry. more