Finance Ministry issued orders for the payment of Dearness Allowance at revised rates from 1.7.2014

Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 01.07.2014 F.No.1/2/2014-E.II (B) Government of India Ministry of Finance Department of Expenditure North Block, New Delhi Dated: 18th September, 2014. OFFICE MEMORANDUM Subject:- Payment of Dearness Allowance to Central Government employees - Revised Rates effective from … [Read more...]

Setting up of a Committee to examine un-claimed amount remained in PPF, Post Office Savings Schemes etc.

A large amount of money is estimated to be lying as unclaimed amounts with PPF, Post Office, Savings Schemes etc. these are mostly out of investments belonging to the senior citizens and on their demise... No.13/20/2014-NS.II Government of India Ministry of Finance Department of Economic Affairs (Budget Division) 236, North Block, New Delhi-110001 Dated the 03rd … [Read more...]

What difference between FDI and FII

What difference between FDI and FII While presenting the Union Budget for 2013-14, the Finance Minister announced as follows: “In order to remove the ambiguity that prevails on what is Foreign Direct Investment (FDI) and what is Foreign Institutional Investment (FII), I propose to follow the international practice and lay down a broad principle that, where an investor has a … [Read more...]

Fixation of pay on promotion : Finmin issued clarification on Fixation of pay on promotion carrying the same grade pay…

No.10/02/2011.E.III/A Government of India Ministry of Finance Department of Expenditure New Delhi, the 7th January, 2013 OFFICE MEMORANDUM Subject:—Fixation of pay on promotion to a post carrying higher duties and responsibilities but carrying the same grade pay. The undersigned is directed to invite an attention to the provisions contained in Rule 13 of the CCS(RP) … [Read more...]

Allotment of Grade Pay of Rs. 5400/- in PB-2 for Group ‘B’ Gazetted Officers and Grade Pay of Rs.4800/- in PB-2 to Supervisors in the Railways

Rejection by MOF of proposal of Railway Board for Grade Pay of Rs.5400 to Group 'B' officers... No.22/02/2009-IC-II Government of India Ministry of Finance Department of Expenditure New Delhi, dated the 15th May, 2012 OFFICE MEMORANDUM Subject : Allotment of Grade Pay of Rs. 5400/- in PB-2 for Group 'B' Gazetted Officers and Grade Pay of Rs.4800/- in PB-2 … [Read more...]

FM APPROVES RAJIV GANDHI EQUITY SAVINGS SCHEME FOR RETAIL INVESTORS

FM APPROVES RAJIV GANDHI EQUITY SAVINGS SCHEME FOR RETAIL INVESTORS The  Union  Finance Minister, Shri. P. Chidambaram approved a new tax saving scheme called “Rajiv Gandhi Equity Saving Scheme“(RGESS), exclusively for the first time retail investors in securities market. This Scheme would give tax benefits to new investors who invest up to Rs. 50,000 and whose … [Read more...]

Clarification on the admissibility of House Rent Allowance to the Central Government Employees posted at Greater Noida — regarding.

No. 2(8)12012-E.(B) Government of India Ministry of Finance Department of Expenditure New Delhi, 6th August, 2012 OFFICE MEMORANDUM Subject:- Clarification on the admissibility of House Rent Allowance to the Central Government Employees posted at Greater Noida — regarding. It has been observed that payment of HRA @ 30% of Basic Pay is being made by certain … [Read more...]

Payment of Transport Allowance to Central Government Employees in Faridabad, Gurgaon, Ghaizaibad and Noida

  No.21(8)12010-E-U(B) Government of India Ministry of Finance Department of Expenditure   Dated, the 1st August, 2012   OFFICE MEMORANDUM   Subject:- Payment of Transport Allowance to Central Government Employees in Faridabad, Gurgaon, Ghaizaibad and Noida.   It has been brought to the notice of this Ministry that … [Read more...]

Agent Commission on Savings Schemes

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Agent Commission on Savings Schemes The payment of commission to agents of Public Provident Fund (PPF) Scheme and Senior Citizens Savings Scheme has been discontinued, with effect from 1st December, 2011. Commission under all other schemes (except MPKBY Agents) has been reduced from 1% to 0.5%. However, commission to Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) agents will … [Read more...]

Issue of Postal Life Insurance Government of India Special Floating Rate Security, 2022

Government of India Ministry of Finance Department of Economic Affairs New Delhi, dated the March 30. 2012 NOTIFICATION Issue of Postal Life Insurance Government of India Special Floating Rate Security, 2022. F. No. 5 (12)-PD/2001: Government of India hereby notifies the issue of Postal Life Insurance Government of India Special Floating Rate Security. 2022, (hereinafter … [Read more...]