Tag Archives: FM

Union Finance Minister Nirmala Sitharaman on Friday met with Jyotiraditya Scindia, Civil Aviation Minister, representatives from travel, tourism, and hospitality sectors to discuss various banking-related issues. Travel, tourism and hospitality sectors are among the worst hit due to the COVID pandemic. The industry leaders from these sectors have been pitching for financial support from the government.

FM Nirmala Sitharaman made a slew of announcements to stimulate consumer spending and capital expenditure, including a special LTC (Leave Travel Concession) cash voucher. She said LTC funds could be used to spend on goods and items in the 12% GST category. However, FAITH and TAAI expressed disappointment stating that LTC funds of government employees will now be redirected to buy consumer goods.