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Govt to give cash vouchers to staff in lieu of LTC this year, says Finance Minister Nirmala Sitharaman

Govt to give cash vouchers to staff in lieu of LTC this year, says Finance Minister Nirmala Sitharaman

The Minister has announced a slew of measures to spur spending and stimulate economic demand.

Finance Minister Nirmala Sitharaman unveiled new proposals to stimulate demand in the economy in the wake of the coronavirus pandemic.

Addressing a press conference, Ms. Sitharaman said that she has broadly classified the proposals into two different compartments — consumer spending and capital expenditure.

She said: “There is no gain saying that the pandemic has affected the economy adversely. The needs of the weaker and poor sections have been addressed somewhat in the various packages announced so far. Supply constraints have somewhat eased but consumer demand still needs to be given a bit of a boost. The proposals presented today are defined in such a way — by frontloading some expenditure or advancing some expenditure with some offsetting charges later. The others are directly linked to an increase in the GDP.”

Consumer spending proposals

The Finance Minister said that the consumer spending proposals include a LTC cash vouchers scheme and a special festival advance scheme. The LTC Cash Vouchers scheme is mainly targetted to employees in the government and other organised sectors.

The Minister described the scheme as follows: “Government and many organised sector employees have their jobs and salaries protected and some initial indications suggest savings have increased as many couldn’t spend their usual expenditure during the lockdown.”

She continued: “Central government employees, in a block of four years — between 2017-18 and 2020-21 — employees would have normally availed of one leave travel concession for any destination of their choice plus one visit to their hometown. If they didn’t choose leave travel to one destination of their choice, they would usually go twice to their native village. This would mean air or rail fare as per their pay scale is reimbursed to them.

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Looking For Creative Ways To Give Out Candy? CBS2 Has Your Halloween Guidelines

Looking For Creative Ways To Give Out Candy? CBS2 Has Your Halloween Guidelines

RUTHERFORD, N.J. (CBSNewYork) — Halloween is on in New Jersey despite the coronavirus pandemic, but safety will be key.

CBS2’s Vanessa Murdock has some ideas before you and your kids go trick-or-treating.

Ghosts and goblins await your arrival on All Hallow’s Eve.

“I’m actually really excited,” 9-year-old Angelica Mullahey said.

Angelica said she doesn’t want to miss trick-or-treating with friends again. Remember Superstorm Sandy? That’s why she’s thrilled her little sister, Lauren, is in the know.

“Yes, I heard it from my friend’s mom,” Lauren said, referring to Gov. Phil Murphy’s announcement that Halloween will be held this year.

“Us as adults, we have to adapt, but the kids … when you take things away from them, that’s a little sad,” Rutherford parent Ed Bucey said.

MORE: CDC: Trick-Or-Treating, Costume Parties Considered High-Risk This Halloween

You might say the news is music to Bucey’s ears. His 6-year-old daughter, Ella, loves Halloween and plans to be Elsa from Frozen.

Ten-year-old Ethan knows his stuff, saying safety must remain a priority.

“Don’t get carried away with all the candy and trick-or-treating. It’s still COVID. We can still get germs,” Ethan said.

For tips, Murdock turned to Dr. Sunitha Posina, who advised parent to assess your own risk and your neighborhoods.

“Really determine how the infection rates in your community are. That becomes the most important thing,” Posina said.

If you’re in a safe zone, plan accordingly.

“Masks are non-negotiable,” Posina said.

At the Fun Ghoul Costume Company in Rutherford shelves are stocked with everything you’ll need this Halloween, even the mask for under the mask.

“I guess you gotta wear something like this, a novelty one, ‘Taste the Blood of Dracula,” Fun Ghoul’s Cliff Witmyer said.

More important tips from Posina include kids not touching their face and “not eat candy

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