National Development Council consisting of all political parties had resolved to discontinue Leave Travel Concession to all employees in the year, 1992-93. But, Leave Travel Concession was not discontinued for about 10 years. The Central Government had to pay Leave Travel Concession to employees. Leave Travel Concession was discontinued since two years.

But, in the Budget of 2003-04, the Finance Minister, Shri Jaswant Singh has introduced it again.

There are two crore seventy nine lacs (2,70,00,000) Organized employees of the Central Government, Public Corporations and Companies. It is unfortunate that by incurring debts the Central Government and the State Governments give Leave Travel Concession and it is in India the employees get moneys to enjoy vacations on Hill-Stations.

Rs.10,000 crore can be saved by the Central Government, State Government, Banks and Public Sector Corporations, if L.T.C. is discontinued.