LIVE: Cabinet approves Rs 22,810-cr outlay for 'Atmanirbhar Bharat' scheme
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Topics Today News | top news of the day | Moratorium
BS Web Team | New Delhi
Last Updated at December 10, 2020 00:23 IST
EVENT HIGHLIGHTS
The Union Cabinet on Wednesday approved Rs 22,810 crore outlay for a new employment scheme that aims at encouraging businesses to do fresh hiring. Under the Atmanirbhar Bharat Rojgar Yojana, the government will for two years provide employee and employer contribution to the retirement fund for new hires by businesses and entities, Labour Minister Santosh Gangwar said. The scheme would till 2023 entail an outgo of Rs 22,810 crore and would benefit around 58.5 lakh employees.
The Justice Ashok Bhushan-led Supreme Court Bench on Wednesday adjourned hearing to Monday in the petitions in loan moratorium case. Solicitor General Tushar Mehta told the top court on Tuesday that a complete waiver of interest during the six-month loan moratorium period had a cost associated with it. "If we waive off the interest, there is a cost associated with it. Either the banks take it or the government. The government cannot and depositors cannot," the Solicitor General said.
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