Browsed by
Tag: special

Finance Minister introduces LTC Cash Voucher Scheme and Special Festival Advance Scheme makes a one-time comeback

Finance Minister introduces LTC Cash Voucher Scheme and Special Festival Advance Scheme makes a one-time comeback

  • Finance Minister Nirmala Sitharaman introduced two two schemes today to boost consumer spending in the Indian economy — the LTC Cash Voucher Scheme and the Special Festival Advance Scheme.
  • The LTC Cash Voucher Scheme divides the LTC fare component into three flat-rate slabs.
  • The new scheme will let employees use their fare allowance to purchase goods with 12% GST or more.

Finance Minister Nirmala Sitharaman is introducing new proposals to ‘stimulate demand in the economy’. According to her, the government’s previous policies addressed the needs of the poor. This time, the proposals are divided into two categories — consumer spending and capital expenditure.

“Supply constraints have somewhat eased, but consumer demand still needs to be given a bit of a boost,” she said.

Within consumer spending, there are two components — LTC Cash Voucher Scheme and the Special Festival Advance Scheme.

The Special Festival Advance Scheme was a part and parcel of government employees pay package up until the 6th Pay Commission. It’s introduction this year is a one-time come back to boost spending.

Impact of LTC Cash Voucher scheme:
Cost to central government ₹5,675 core
Cost to PSBs and PSUs ₹1,900 crore
Expected demand infusion by central government employees ₹19,000 crore
Expected demand infusion by state government employees ₹9,000 crore
Total expected addition consumer demand generation ₹28,000

“Our estimates are on the conservative side. We expect actual spend to be higher,” said Union Minister Tarun Bajaj.

LTC Cash Voucher SchemeThe new LTC Cash Voucher Scheme divides the LTC fare component into three flat-rate slabs depending on the class on entitlement. Any fare payment will continue to be tax free.

According to Sitharaman, savings have increased due to lockdown especially. “We would like to incentivise them to contribute to the revival of demand for the benefit of the less

Read the rest
South Bend schools gets creative in serving preschoolers with special needs | Education

South Bend schools gets creative in serving preschoolers with special needs | Education

SOUTH BEND — Being an educator means being able to adapt to any situation.

They’ve seen it it all. Open a teacher’s desk drawer or cabinet and you will find a solution to any problem that you can think of — and a few that never crossed your mind.

Most of those classroom adaptations are the result of a teacher, school nurse or counselor having years of experience in meeting the needs of their students. That’s why the average teacher’s desk or cabinet is filled with pencils, pens, erasers and facial tissue. If a teacher has faced a problem, that teacher likely has an answer.

What happens when educators confront a challenge that no teacher has seen in at least 100 years? That has been the problem confronting educators since March when COVID-19 closed school buildings and has kept them closed until districts cautiously began reopening over the last few weeks.

Educators working in the South Bend schools’ preschool program for special needs students adjusted when the pandemic stopped in-person classes at schools throughout the area in March.

Even though schools had closed, staff members still had a legal obligation to assess students for special education needs, and come up with individualized education plans for those who need them.

So the team adapted by moving the classroom, desks toys and materials, outside into the courtyard at the Studebaker school building. Moving the program outside, combined with wearing masks and social distancing, allowed the assessments to be conducted in a safer environment.

Sybil Snyder, special education supervisor, said the team, which consists of a psychologist, a special education specialist, a speech therapist and a social worker, has to meet with students in person to get the best snapshot of a student’s needs.

Each team member evaluates the child. For example, the

Read the rest