LTC Cash Voucher: Centre extends scheme to non-central govt employees : Bulletin: Business Today
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LTC Cash Voucher: Centre extends scheme to non-central govt employees

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Vivek Punj | October 30, 2020

Competition for jobs in India 30% higher in 2020 than last year: LinkedIn

Even as India's job scenario continues to recover after seeing a sharp dip due to the coronavirus pandemic,  the competition for finding jobs is higher than last year. The job scenario in the country saw a recovery at a 12 per cent year-on-year growth rate in August 2020, according to LinkedIn's labour market data. At the same time, the competition among professionals for jobs is 30 per cent higher than 2019.

Procter & Gamble India announces Rs 400 crore growth fund

Procter & Gamble (P&G) India has announced a growth fund of Rs 400 crore to give a hand to the government's vision of a self-reliant country. The fund would be utilised to localise manufacturing of finished products, procurement of raw materials and packaging materials and to adopt go-to-market innovations and technology.

'Stress, burnout, job insecurity': Tough for women in COVID-19 world

The pandemic has led everyone to make drastic changes in their lives but it has taken a heavy toll on working women. Nearly 82% of women surveyed said their lives have been negatively disrupted by the pandemic. These findings are a part of the survey done by Deloitte Global of nearly 400 working women around the globe to ascertain the pandemic's impact on their work/life balance and well-being.

Rs 1 lakh crore credit card loans at risk of COVID-19; biz degrows 3% in FY21

The phrase 'what goes up must come down' fits well with the current nervousness in the credit card business of banks and pure play credit card players. The credit card issuers have suddenly turned cautious in increasing their exposure to weak customers in terms of leverage or people with history of payment delays and defaults and also segments like commercial or corporate cards which are risky in nature.

Maruti Suzuki gets Japanese liquidity push to ease COVID-19 pain

The Japan Bank for International Cooperation (JBIC) has joined hands with State Bank of India (SBI) to set aside $1 billion to help India's biggest automobile maker Maruti Suzuki by providing loans to the company's suppliers, dealers and customers through the SBI network. The amount is expected to help component suppliers, dealers and others part of the supply chain of Maruti Suzuki to meet their short and medium term financial requirements.

LTC Cash Voucher: Centre extends the scheme to non-central govt employees

The central government on Thursday announced extension of the income-tax exemption for payment of deemed LTC fare for non-central government employees also, in order to provide the benefits to other employees who were not covered under the LTC Cash Voucher Scheme. Accordingly, the payment of cash allowance, subject to maximum of Rs 36,000 per person as deemed LTC fare per person (Round Trip) to non-central government employees, shall be allowed income-tax exemption subject to fulfillment of specified conditions.

US pitches cheaper solar tech to India amid conflict with China

The United States wants India to explore manufacturing a cheaper alternative to silicon solar cells, U.S. Energy Secretary Dan Brouillette said on Wednesday, amid high dependence on Chinese technology. Brouillette, who was addressing a virtual press conference at the conclusion of the India energy forum at the IHS CERA Week, said India was "perfectly positioned as a potential manufacturer" of perovskite cells, on which the U.S. was conducting research at its national laboratory in Colorado.

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