CURRENT AFFAIRS

Detailed explanation-1: -The Government has approved the proposal for grant of ex-gratia monetary compensation to 1, 08, 714 workers and officers of the Food Corporation of India (FCI) including 80, 000 labour who are working 24x7 to supply food grains across the country amidst the outbreak of Coronavirus pandemic.

Detailed explanation-2: -What is the ex gratia payment granted to borrowers under the scheme announced by GOI? Under this scheme, the bank/ lending institution will provide ex gratia payment, which is the difference between compound interest and simple interest on loan accounts with sanctioned limits and outstanding up to Rs.

Detailed explanation-3: -As per the central government of India, after the death of a government servant during their duty period, their family is eligible for an ex gratia payment.

Detailed explanation-4: -What Is an Ex Gratia Payment? An ex gratia payment is made to an individual by an organization, government, or insurer for damages or claims, but it does not require the admittance of liability by the party making the payment.

Detailed explanation-5: -Accordingly, it has been decided that, on death of a Government servant in the performance of bona fide duty also, payment of ex-gratia lump sum compensation may be made to a member or members of the family in whose favour a nomination is made by the Government servant during service.