The authorities on Wednesday determined to present Rs 3,737 crore bonus to 30.67 lakh central authorities staff to encourage spending in the course of the competition season and add to demand within the economic system.
The resolution to present a productivity-linked bonus and non-productivity-linked bonus for 2019-2020 was taken on the Union Cabinet assembly, Minister of Information and Broadcasting Prakash Javadekar informed reporters.
The cupboard additionally permitted the extension of a scheme below which cooperative NAFED will procure 12 lakh tonne apple in Jammu and Kashmir in the course of the present 2020-21 season.
Here are the important thing choices taken by the Union Cabinet in Wednesday’s assembly:
Adaptation of the Jammu & Kashmir Panchayati Raj Act, 1989 bought the cupboard’s approval. This transfer will assist set up all of the three tiers of grass-root degree democracy like in different elements of the nation.
The Cabinet additionally permitted productiveness linked bonus and non-productivity linked bonus for 2019-2020. More than 30 lakh non-gazetted staff will probably be benefited by the bonus announcement and whole monetary implication will probably be Rs 3,737 crore.
The bonus will probably be given in a single installment, by Direct Benefit Transfer, earlier than Vijayadashami.
The resolution to increase the Market Intervention Scheme for procurement of apples in Jammu & Kashmir for the yr 2020-21 was additionally permitted. It will guarantee remunerative costs for apples leading to total revenue enhancement of farmers within the union territory.
Among different choices, the Cabinet permitted a Memorandum of Understanding (MoU) between India and Nigeria on cooperation within the exploration and makes use of of outer house for peaceable functions.
Follow us on Google News