PUBLIC NOTICE FROM FINANCE MINISTRY – SUGGESTIONS / IDEAS ARE INVITED ON UNCLAIMED AMOUNT REMAINED IN PPF, POST OFFICE & BANKS DEPOSITS

Finance Ministry today published an important public notice on its portal that suggestions and ideas are invited on the proper utilization of the deposits remained unclaimed in various small Savings Schemes with Post Offices and Banks for welfare and protecting financial interest of Senior Citizens. Interested persons/organizations may submit their suggestions/ideas to the Joint Director National Savings […]

Clarification on Submission of Boarding Pass along with TA bills – Finance Ministry Orders on 8.10.2014

Dopt published a circular yesterday on this subject that the Boarding Pass need not submit along with settlement of TA claims. And also said in the order that simplify the procedure of settlement of TA claims, submission of Boarding Pass alongwith settlement of TA claim is dispensed with. No.19030/3/2014-E.IV Government of India Ministry of Finance […]

Purchase of Lap-Top Computer by Ministries/ Departments – Finance Ministry Orders

Finance Ministry issued revised guidelines regarding purchase of Note Book/Lap-Top, notepad, ultra pad, netbook or devices for higher officials… F. No. 8(25)/2012-EII (A) Government of India Ministry of Finance Department of Expenditure New Delhi, the 19th September, 2014 OFFICE MEMORANDUM Subiect: Purchase of Note Book, Lap-Top, etc., by Ministries/ Departments – revision of guidelines reg. […]

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 01.07.2014. The undersigned is directed to […]

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 September, […]

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, […]

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) […]

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 […]

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 […]

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 […]

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 some Central Government Offices located in Faridabad […]

Agent Commission on Savings Schemes

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) […]

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 […]

Central Civil Services (Revised Pay) Rules, 2008 — Date of next increment in the revised pay structure under Rule 10 of the CCS(RP) Rules, 2008.

MOST IMMEDIATE No.10/02/2011-E.III/A Government of India Ministry of Finance Department of Expenditure New Delhi, the 19th March, 2012 OFFICE MEMORANDUM Subject:— Central Civil Services (Revised Pay) Rules, 2008 — Date of next increment in the revised pay structure under Rule 10 of the CCS(RP) Rules, 2008. In accordance with the provisions contained in Rule 10 […]

Provision of computer at the residence of officers of the level of Joint Secretary or equivalent and above-reg.

No. 7(4)/E.Coord/2011 Government of India Ministry of Finance Department of Expenditure New Delhi dated 10th January, 2012 OFFICE MEMORANDUM Subject :- Provision of computer at the residence of officers of the level of Joint Secretary or equivalent and above-reg. The undersigned is directed to refer to this Departments OM Nos. 7(4)IE.Coord./99 dated 1st August, 2000, […]

Decisions on the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF)

Finmin Orders No.6-1/2011-NS.ll (Pt.) Ministry of Finance Department of Economic Affairs (Budget Division) New Delhi, the 11th November, 2011. OFFICE MEMORANDUM Sub: Decisions on the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF). The Thirteenth Finance Commission in its Report had, inter alia, recommended that all aspects of the design […]

Public Notice – Fake Emails attaching forged certificates issued by Ministry of Finance

Ministry of Finance Department of Economic Affairs Administration Division North Block, New Delhi Dated 18th July,2011 ADVISE It has come to the notice of Department of Economic Affairs that some Organisations / People are sending e-mails attaching forged certificates issued by Ministry of Finance by using the names of the officers of this Department, to […]

Finance Minister Releases New Series of Coins in the Denomination of 50 Paise and Rupees 1,2,5 And 10

Ministry of Finance Finance Minister Releases New Series of Coins in the Denomination of 50 Paise and Rupees 1,2,5 And 10 The Finance Minister Shri Pranab Mukherjee today released a new series of coins with improved design and revised size in the denomination of 50 paise, Rs. 1, 2, 5, and 10. Speaking on the […]

URGENT PUBLIC NOTICE FROM FINANCE MINISTRY

URGENT PUBLIC   NOTICE It has come to the notice of the Ministry of Finance, Department of Revenue that some unscrupulous persons are sending e-mail messages to innocent internet users calling upon the recipient  to deposit/remit a facilitation money of Rs.38,892/- in order to obtain the prize money of US $ 491000 from the Canadian Coco-Cola […]