New Delhi, Oct 21: The Union Cabinet has approved productivity-linked bonus and non-productivity linked Bonus for 2019-2020. More than 30 lakh non-gazetted employees will be benefited by the bonus announcement and total financial implication will be ₹ 3,737 crores, Union minister Prakash Javadekar said on Wednesday.
The money will be given in a single installment before Vijaya Dashami, Javadekar said, expressing hope that it would encourage spending and boost the economy.
In the backdrop of the coronavirus outbreak, there has been concerns on whether the government will offer bonus. Earlier this year, as the lockdown started, Dearness Allowances or DA was suspended for Central government employees. A chunk of employees in various state governments had to forego part of their salary.