 "central govt employees")
The Union Cabinet on Wednesday approved a Rs 3,737-crore bonus for central government employees for the fiscal year 2019-2020. The move would benefit 3.067 million employees and put an end to uncertainty over the annual announcement ahead of the festival season because of the pandemic.
The bonus ahead of Vijayadashami and Diwali would encourage the middle-class to go out and spend, and thus add to demand in the economy, said Information and Broadcasting Minister Prakash Javadekar after the Union Cabinet meeting. The bonus will be disbursed in a week's time.
The announcement came days after Finance Minister Nirmala Sitharaman on October 12
