New Delhi: In the cabinet meeting held on Friday under the chairmanship of Prime Minister Narendra Modi, a big gift has been given to the central employees. The Cabinet has approved the proposal to give bonus. This decision of the government will benefit 30 lakh employees. This information was given by Union Environment Minister Prakash Jawadekar during a press conference.
The Union Minister said, “The Union Cabinet has approved productivity related bonuses and non-productivity related bonuses for 2019-2020. More than 3 million non-gazetted employees will benefit from the bonus announcement. The total financial expenditure will be Rs 3,737 crore. “
Bonus money through Direct Benefit Transfer
He said, “Before Vijayadashami or Durga Puja, the bonus money will be given to the Central Government employees in a single installment through Direct Benefit Transfer. This will increase the demand in the market and the money will be in the hands of the middle class during the festival season. “
Which department employees will get Diwali bonus
Union Minister Prakash Javadekar informed that the government’s commercial establishments like Indian Railways, Post Office, Defense Productions, EPFO, Employee State Insurance Corporation (ESIC) 17 Gazetted Employees will be given a Productivity Linked Incentive (PLI) bonus of Rs. 2,791 crore. Apart from this, 13 lakh employees working in the Central Government will be given Non-Productivity Linked (Non-PLI) bonus of Rs. 906 crore.
How to get Diwali bonus announced by the center
Prakash Javadekar has clarified that the Diwali bonus announced by the Central Government will be transferred directly to the bank account of the government employees i.e. through Direct Benefit Transfer (DBT). With this they will not have to face cash crunch during the festive season. Javadekar said that this bonus will give money to the middle class.
How much will the bonus burden the government treasury?
For the financial year 2019-20, productivity related bonuses and non-productivity linked bonuses will directly benefit more than 3 million non-gazetted government employees. This will place an additional burden of Rs 3,737 crore on the exchequer.
On what basis will government employees get bonus
The amount of Diwali bonus will be different for different employees. In fact, the PLI bonus announced by the government for its commercial establishments is related to the performance of the employees and the establishment. Simply put, these bonuses will vary depending on the year-round performance of the employee and the establishment. Therefore, it is difficult to provide accurate information. Contact HR for details of your bonus.
Government announces Diwali bonus for many
Central employees have been waiting for a long time for the announcement of Diwali bonuses. Meanwhile, dissatisfaction among employees was growing with reports of bonuses not being given this time due to the coronavirus epidemic. In many places, the employees had also protested, but now the government has given a chance to all the employees to be happy by announcing the bonus.
What will be the benefit to the economy of the country?
The country’s economy is suffering due to declining demand in the midst of the Corona Crisis. In such a situation, the government is constantly trying to increase the demand in the market by increasing the per capita expenditure. The government believes that the arrival of money directly in the pockets of the people during the festive season will increase the demand and will support the economy. Earlier, the purpose of the LTC Cash Voucher Scheme and Special Festival Advance Scheme announced by the Center for government employees was to support the economy by increasing demand.
