Date of Next Increment in Revised Pay Structure.

(1) There shall be two dates for grant of increment namely, 1st January and 1st July of every year, instead of existing date of 1st July:

Provided that an employee shall be entitled to only one annual increment either on 1st January or 1st July depending on the date of his appointment, promotion or grant of financial upgradation.

(2) The increment in respect of an employee appointed or promoted or granted financial upgradation including upgradation under Modified Assured Career Progression Scheme (MACPS) during the period between the

2nd day of January and 1st day of July (both inclusive) shall be granted on 1st day of January and the increment in respect of an employee appointed or promoted or granted financial upgradation including upgradation under MACPS during the period between the 2nd day of July and 1st day of January (both inclusive) shall be granted on 1st day of July.

Illustration:

(a) In case of an employee appointed or promoted in the normal hierarchy or under MACPS during the period between the 2nd day of July, 2016 and the 1st day of January, 2017, the first increment shall accrue on the 1st day of July, 2017 and thereafter it shall accrue after one year on annual basis.

(b) In case of an employee appointed or promoted in the normal hierarchy or under MACPS during the period between 2nd day of January, 2016 and 1st day of July, 2016, who did not draw any increment on 1st day of July, 2016, the next increment shall accrue on 1st day of January, 2017 and thereafter it shall accrue after one year on annual basis:

Provided that in the case of employees whose pay in the revised pay structure has been fixed as on 1st day of January, the next increment in the Level in which the pay was so fixed as on 1st day of January, 2016 shall accrue on 1st day of July, 2016:

Provided further that the next increment after drawal of increment on 1st day of July, 2016 shall accrue on 1st day of July, 2017.

(3) Where two existing Grades in hierarchy are merged and the junior Government servant in the lower Grade happens to draw more pay in the corresponding Level in the revised pay structure than the pay of the senior Government servant, the pay of the senior government servant shall be stepped up to that of his junior from the same date and he shall draw next increment in accordance with this rule.

Source:http://www.finmin.nic.in/7cpc/7thCPC_revisedpayrules25072016.pdf

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Health Insurance to Senior Citizens

Press Information Bureau 

Government of India

Ministry of Finance

Health Insurance to Senior Citizens 

It is a priority of the Government to work towards enabling social security protection for citizens, especially from the economically weaker and vulnerable sections. In accordance with this priority, the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), the Pradhan Mantri Suraksha Bima Yojna (PMSBY) and Atal Pension Yojna (APY) were recently launched to address the areas of life and accident risk, and old age income security. The Rashtriya Swastha Bima Yojana (RSBY) is also operational to provide health insurance cover to persons living below the poverty line etc. The Government would continue to work towards the furtherance of these objectives. 

Further, the Public Sector General Insurance Companies (PSGICs) have specially designed policies for senior citizens at the entry level in the age bracket of 60 to 80 years namely “Varishtha Bima Yojana” by National Insurance Company Ltd., “Health of Privileged Elderly (HOPE)” by the New Oriental Insurance Company Ltd. and “Senior Citizens Mediclaim Policy” by the New India Assurance Company Ltd and United India Insurance Company Ltd. As in the case of regular Mediclaim insurance policies, there is no age limit for renewals of these policies and can be continued throughout the life-time of the insured. 

In Budget Announcement, 2015 Hon’ble Finance Minister had proposed the creation of a Senior Citizen Welfare Fund through use of certain unclaimed amounts under various specified schemes. 

The Senior Citizens Welfare Fund Act has been passed along with the Finance Act, 2015. The scheme Rules for Senior Citizen Welfare Fund are under preparation. 

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha today. 

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Linking AADHAAR With Subsidy Scheme

Press Information Bureau 

Government of India

Ministry of Finance 

05-December-2014 16:59 IST

Linking AADHAAR With Subsidy Scheme 

            Subsidy being provided by the Government during the last three years, item-wise:

	Actuals 2011-12	Actuals 2012-13	Revised 2013-14
Subsidies	217941	257079	255516
Food	72822	85000	92000
Fertilizers	70013	65613	67972
Petroleum	68484	96880	85480
Interest	5049	7270	8175
Other	1573	2316	1890

(Source: Statement No.4, Exp. Bud. Vol.I for the year 2011-12, 2012-13 & 2013-14)

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Incentives to Bank officers posted to North Eastern Region - Finance Ministry Order

F.No.4/4/2/2001 -IR

Government of India

Ministry of Finance

Department of Financial Services

Jeevan Deep, IIIrd Floor,

Parliament Street, New Delhi

Dated the September 26,2014

To
The Chairman,SBI/IDBI and CMDs of all PSBs.

Subject: Incentives to officers posted to North Eastern Region — revision thereof

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‘Facilitation Fee’ levied by authorised travel agents on air tickets booked on Government account — Withdrawal regarding.

No. 19024/1/2012-E-IV

Government of India

Ministry of Finance

Department of Expenditure

North Block, New Delhi.

Dated the 5th September, 2014.

OFFICE MEMORANDUM

Subject:- ‘Facilitation Fee’ levied by authorised travel agents on air tickets booked on Government account — Withdrawal regarding.

Attention is invited to this Department’s O.M. of even number dated 10th October, 2013 wherein the authorised travel agents namely M/s Balmer Lawrie & Company Limited (BLCL), M/s Ashok Travels & Tours (ATT) and Indian Railways Catering and Tourism Corporation Ltd. (IRCTC), were allowed to levy ‘Facilitation Fee’ @ 100/- per ticket for domestic sector and .7300/- per ticket for international sector for air travel, wherein Government of India bears the cost of air passage.

2. The issue has been re-examined in consultation with the Ministry of Civil Aviation and Department of Legal Affairs, in the light of provisions of the Aircrafts Rules, 1937, as amended from time to time, and it has been decided to withdraw this Department’s O.M. of even number dated 10th October. 2013 with immediate effect. Consequently, no fee/service charges (by whatever nomenclature), which are not included in the ‘tariff’ charged by Air India/Airlines, are required to be paid to the authorised travel agents.

3. Payment to the authorised travel agents for the Bills raised by them for air tickets procured/purchased till date, in respect of air travel already undertaken or due to be undertaken, would be regulated as per O.M. of even number dated 10.10.2013. It is reiterated that, as far as possible, air tickets on Government account may be obtained directly from Air India/Airlines (booking counters/offices/website) and if obtaining tickets directly from Air India/Airlines is not possible, should the services of authorised travel agents be availed of.

4. All Ministries/Departments are advised to bring these instructions to the notice of all concerned for compliance.

Sd/-

(Subhash Chand)

Director

http://finmin.nic.in/the_ministry/dept_expenditure/notification/air_travel/facilitaionFee_AirTicket_withdrawal05092014.pdf

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

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, 2014.

NOTIFICATION

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

The Finance Minister, vide para 39 of his Budget Speech 2014-15, had announced that “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, remain unclaimed for want of relevant payment instructions” and has proposed to set up a Committee to examine and recommend how this amount can be used to protect and further financial interest of the senior citizens.

Accordingly, with the approval of Finance Minister, a Committee has been set up with the following composition:

1) Deputy Governor, RBI - Chairman

2) Secretary, Department of Posts - Member

3) Joint Secretary (Law), M/o Law and Justice - Member

4) Dy. Managing Director of S.B.I - Member

5) Executive Director, Punjab National Bank - Member

6) Joint Secretary (Budget), DEA - Member

7) Joint Director,

National Savings Institute

Member-Secretary

2. The Terms of Reference (TOR) of the committee would be :

? Based on defined scope, by Reserve Bank of India, estimation of amount lying unclaimed under various scheme’s (Small Savings and other Savings Schemes of banks) with Post Offices/ Public Sector Banks;

? Procedure for bringing such unclaimed deposits to a common pool to be suggested by the Committee. Changes, if any, required to be made in the legal framework may be suggested. Committee to also suggest if such a pool should be placed within Government account or outside it.

? Committee to recommend how this unclaimed amount can be used to protect and further financial interests of the senior citizens.

3. The Committee will submit its Report by 31st December,2014.

(RAJENDER KUMAR THAKUR)

Under Secretary to the Government of India

Copy to :

1. Dy. Governor (Shri H. R. Khan), RBI, Mumbai;

2. Secretary, Department of Posts, Dak Bhawan, New Delhi;

3. Joint Secretary (Law), M/o Law and Justice, New Delhi;

4. Dy. Managing Director, State Bank of India;

5. Executive Director, Punjab National Bank;

6. Joint Secretary (Budget), D/o Economic Affairs; &

7. Joint Director, National Savings Institute, MoF, Nagpur.

Copy for information to :-

1. P.S. to Finance Minister;

2. P.S. to Finance Secretary;

3. The DDG, NIC, North Block, New Delhi – with the request to upload the notification on the web-site of MoF.

Source:http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/committee_unclaimfund_PPF_POSS.pdf

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Representation of Bank and Insurance Employees

Press Information Bureau 

Government of India

Ministry of Finance 

Representation of Bank and Insurance Employees 

The Government has received representation/memorandum from employees of nationalized banks and Government Insurance Companies regarding their salaries, pension and other emoluments due to the employees/officers. 

The wage revision exercise in respect of employees of PSBs is undertaken through a bipartite negotiation process between Indian Banks’ Association (IBA), representing management of banks who have mandated it to negotiate on their behalf and the Unions/Associations of bank employees. The last meeting between IBA and Unions/Associations took place on 13.6.2014. 

In respect of the current wage revision of insurance companies, Central Government has already requested Life Insurance Corporation (LIC) and General Insurers’ (Public Sector) Association of India (GIPSA), coordination body of four public sector general insurance companies and General Insurance Corporation (GIC) to start wage revision consultation with their employee’s unions/associations. 

This information was given by the Minister of State for Finance, Smt. Nirmala Sitharaman in written reply to a question in Lok Sabha today. 

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Fixation of pay on promotion to a post carrying higher duties and responsibilities but carrying the same grade pay

CIRCULAR

Office of the Principal Controller of Accounts (Fys)

10-A, S.K. BOSE ROAD, KOLKATA-700001

No. Pay/Tech-1/01 (6th CPC) /2014/01

Date: 30-01-2014

To
All Group Controllers

Subject: Fixation of pay on promotion to a post carrying higher duties and responsibilities but carrying the same grade pay.

References hove been received from different Br. AOs and Factories regarding extension of benefit of 3% increment in terms of MoF, Deportment of Expenditure OM No. 10/02/2011-E.III/A dtd 07.01.2013 [click here to view] to those employees who were promoted f rom CM-II to CM-l/AF to JWM/MCM to CM on or ofter 1.1.2006.

In this connection, it may be stated that as per MoF, Deptt of Expenditure OM No. 10/02/2011-E.III/A dtd 07.01.2013, benefit of fixation of pay under FR 22(1) (a) (l) can be extended when both the feeder and promotional grades were placed in the identical revised pay scales based on the recommendation of the 6th CPC and where the existence of both the erstwhile posts are continued in 6 CPC and at the same time the promotional post also involves assumption of higher responsibilities as envisaged in the MoF OM No. 169/2/2000-lC dtd 24.11.2000.

In this context, it is also significant to mention that after 6th CPC, the posts of CM-II & I and AF & JWM have been merged and replaced by a single grade of CM or JWM with a grade pays of Rs. 4200/- and Rs. 4600/- respectively. Therefore, promotion between these grades after 6th CPC remains no more available and no movement within merged grade is practically possible and the basic conditions stipulated in G of I, MoF OM dtd 24-11-2000 including assumption of higher charge and existence of feeder and promotion grade are not fulfilled. Thus the benefit of 3% increment for movement from CM-II to CM-I and AF to JWM is not admissible in terms of proviso to para 2 of the aforesaid OM dtd 7.1.2013.

Whereas, in case of movement from MCM to CM, it may be stated that prior to 1.1.2006, the MCM grade was not a hierarchical post. The MCMs were part of HS cadre during 5th CPC. After the restructuring of Artisan cadre w.e.f 1.1.2006, the MCM grade has become a separate hierarchical post and cannot be treated within the strength of the HS. Hence, the condition stipulated under proviso to para 3 of MoF OM dtd 7-1-2013, that the promotional movement should be between two different posts of feeder and promotion post prior to 1 /1/2006 now carrying some grade pay, is not fulfilled in the case of the MCM also w.e.f 01-0.l -2006.

As such, promotionol benefit in terms of MOF OM dtd 7.1.2013 to the CM-l & JWM on their promotion from CM-II/MCM & AF respectively on or after .l.1.2006 may not be considered for admittance.

Br. AOs under your control may please be intimated accordingly.

Addl. C of A (Fys) has approved.

Sd/-

Asst. Controller of Accounts (Fys)

Source: http://www.pcafys.gov.in/files/Same%20grade.pdf

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Central Government Employees Group Insurance Scheme – 1980 – Tables of Benefits

No.7(1)/EV/2013

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, the 08 January, 2014

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme – 1980 – Tables of Benefits for the savings fund for the period from 01.01.2014 to 31.12.2014.

The undersigned is directed to refer to this Ministry’s O.M. No.7 (2)/EV/2012 dated 15th January, 2013 forwarding therewith Tables of Benefits under CGEGIS for the year 2013. New Tables of Benefits for the savings fund of the Scheme based on a subscription of Rs.10 per month from 1.1.1982 to 31.12.1989 and Rs.15 per month w.e.f. 1.1.1990 onwards have been prepared for the year 2014 and a copy of the table is enclosed. 

Another Table of Benefits for the savings fund based on a subscription of Rs.10 per month for those employees who had opted out of the revised rates of subscription w.e.f. 1.1.1990 have also been drawn up for the year 2014 and a copy of that table is also enclosed. The amounts in the Tables have been worked out on the basis of interest @ 10% per annum(compounded quarterly) for the period from 1.1.1982 to 31.12.1982, 11% per annum (compounded quarterly) w.e.f 1.1.1983 to 31.12.1986, 12% per annum (compounded quarterly) w.e.f. 1.1.1987 to 31.12.2000, 11% per annum (compounded quarterly) w.e.f. 1.1.2001 to 31.12.2001, 9.5% per annum (compounded quarterly) w.e.f. 1.1.2002 to 31.12.2002, 9.0% per annum(compounded quarterly) w.e.f. 1.1.2003 to 31.12.2003, 8% per annum (compounded quarterly) w.e.f. 1.1.2004 to 30.11.2011, 8.6% per annum (compounded quarterly) w.e.f 1.12.2011 to 31.03.2012, 8.8% per annum (compounded quarterly) w.e.f. 1.04.2012 to 31.03.2013 and 8.7 % per annum (compounded quarterly) w.e.f. 01.04.2013 onwards. 

The mortality rate under the Scheme has been taken as 3.75 per thousand per annum up to 31.12.1987 and 3.60 per thousand per annum thereafter in both the cases. While calculating the amount it has been assumed that the subscription has been recovered or will be recovered from the salary of the month in which a member ceases to be in service failing which it should be deducted from accumulated amounts payable.

2. In its application to the employees of Indian Audit and Accounts Department this Office Memorandum issues in consultation with the Comptroller and Auditor General of India.

Sd/-

(VIJAY KUMAR SINGH)

DIRECTOR

To view the Table Click here...

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Observance of Austerity Measures imposed by the Ministry of Finance.

GOVERNMENT OF INDIA

MINISTRY OF DEFENCE

ORDNANCE FACTORY BOARD

AYUDH BHAVAN

10-A, SHAHEED KHUDIRAM BOSE ROA

KOLKATA-700101.

No.786/Austerity/A/A

Dated : 24/12/2013

To,
The Sr. General Manager/General Manager/HODs
All Ordnance & Ordnance Equipment Factories

Sub: Observance of Austerity Measures imposed by the Ministry of Finance.

Ref: OFB Circular No.786/Austerity/A/A dated 28/10/13.

Attention of all OFs / Units is drawn to OFB circular dated 28/10/2013 cited at ref above vide which it was intimated that where sanction for recruitment has been issued by OFB but factory is yet to advertise, the matter may be kept pending till complete clarity is obtained from DDP.

02. In this connection, it has now been decided to take action for direct recruitment for filling up the vacancies where sanction has been accorded by OFB. However, before proceeding ahead with the recruitment process, DGOF & Chairman desires that all Members should review afresh the sanctions already issued and only there after factories should proceed further in the matter.

03. As such all factories are requested to obtain clearance from the respective operating Member of the division for further recruitment action In respect of sanction accorded by OFB Board for direct recruitment for the years 2012-2013 & 2013-2014 for which advertisement have not yet been issued.

Sd/-

(N H S AHMAD)

DDG/Admin

For Director General Ordnance Factories

Source: http://indwf.blogspot.in/

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Advances to Government servants — Rate of interest for purchase of conveyances during 2013-2014.

F.No. 5(2)-B(PD)/2013
Government of India
Ministry of Finance
Department of Economic Affairs

New Delhi, the 12th November, 2013

OFFICE MEMORANDUM

Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2013-2014.

   The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2013-2014 i.e. from 1st April, 2013 to 31st March, 2014 are revised as under:

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‘Facilitation Fee’ to be levied by authorised travel agents on air tickets booked on Government account- Regarding.

No.19024/1/2012-E-IV
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated the 10th October, 2013

OFFICE MEMORANDUM

Subject:- ‘Facilitation Fee’ to be levied by authorised travel agents on air tickets booked on Government account- Regarding.

   Attention is invited to this Department’s O.M. of even number dated 28th May, 2013 wherein all Ministries/Departments were advised not to pay Agency Commission/Charges etc. charged by M/s Balmer Lawrie & Company Limited (BLCL) in their Bills, raised for air tickets booked on Government account, till a final decision is taken in the matter.

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Expenditure Management – Economy Measures and Rationalization of Expenditure.

No.7(2)1E.Coord/2013
Ministry of Finance
Department of Expenditure

New Delhi, the 18th September, 2013

OFFICE MEMORANDUM

Sub: Expenditure Management – Economy Measures and Rationalization of Expenditure.

   Ministry of Finance, Department of Expenditure has been issuing austerity instructions from time to time with a view to containing non- developmental expenditure and releasing additional resources for priority schemes. The last set of instructions was issued on 31st May 2012, 1st November 2012 and 14th November 2012. Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the Government. In the context of the current fiscal situation, there is a need to continue to rationalize expenditure and optimize available resources. With this objective, the following measures for fiscal prudence and economy will come into immediate effect:-

2.1 Cut in Non-Plan expenditure:
   For the year 2013-2014, every Ministry/Department shall effect a mandatory 10% cut in non-Plan expenditure excluding interest payment, repayment of debt, Defence capital, salaries, pension and the Finance Commission grants to the States. No re-appropriation of funds to augment the Non-Plan heads of expenditure on which cuts have been imposed, shall be allowed during the current fiscal year.

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Guidelines on Air Travel on Official Tours / Leave Travel Concession (LTC) – reg.

No.19024/1/2012-E.IV
Government of India
Ministry of Finance
Department of Expenditure

North Block. New Delhi
Dated the 9th July, 2013

Office Memorandum

Subject: Guidelines on Air Travel on Official Tours / Leave Travel Concession (LTC) – reg.

   Reference is invited to instructions issued by the Department of Expenditure, Ministry of Finance from time-to-time regarding the procedure for booking of air tickets on Government account. As per existing procedure Government officials/offices can book the air tickets directly from Airlines (at Booking counters / Website of Airlines) and if needed, by utilizing the services of authorized agents. viz. M/s Balmer Lawrie & Company Limited (BLCL) and M/s Ashok Travels & Tours (ATT) [Department of Expenditure OM No.19024/1/2009-E.IV dated 16/09/2010 refers]. Air tickets for travel on LTC, to a limited extent, can also be get booked through Indian Railway Catering & Tourism Corporation(IRCTC) [Department of Personnel & Training 0M No. 31011/6/2002-Estt.(A) dated 02/12/2009 refers].

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Grant of one increment in pre-revised pay scale - OM dated 19.3.2012 - clarification regarding.

F.No. 1/1/2008-IC
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated the 22nd May, 2013

OFFICE MEMORANDUM

Subject:- Grant of one increment in pre-revised pay scale - OM dated 19.3.2012 - clarification regarding.

   The undersigned is directed to invite a reference to this Ministry’s Office Memorandum of even no. dated 19.3.2012 which provides that those Central Government employees who were due to get their annual increment between February to June during 2006, may be granted one increment as on 1.1.2006 in the pre-revised pay scale as a onetime measure and, thereafter, will get the next increment in the revised pay structure on 1.7.2006.

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Central Government Employees Group Insurance Scheme -1980 — Tables of Benefits for the savings fund for the period from 01.01.2013 to 31.12.2013.

No.7(2)/EV/2012
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 15th January, 2013

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme -1980 — Tables of Benefits for the savings fund for the period from 01.01.2013 to 31.12.2013.

   The undersigned is directed to refer to this Ministry’s O.M. No.7 (1)/EV/2012 dated 9th May, 2012 forwarding therewith Tables of Benefits under CGEGIS for the year 2012. New Tables of Benefits for the savings fund of the Scheme based on a subscription of Rs. 10 per month from 1.1.1982 to 31.12.1989 and Rs.15 per month w.e.f. 1.1.1990 onwards have been prepared for the year 2013 and a copy of the table is enclosed.

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Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2011-12.

No.7/24/2007/E III (A)
Government of India
Ministry of Finance
Department of Expenditure
E III (A) Branch

New Delhi, the 5th October, 2012.

OFFICE MEMORANDUM

Subject: - Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2011-12.

   The undersigned is directed to convey the sanction of the President to the grant of Non-Productivity Linked Bonus (Ad-hoc Bonus) equivalent to 30 days emoluments for the accounting year 2011-12 to the Central Government employees in Groups ‘C’ and ‘D’ and all non-gazetted employees in Group ‘B’, who are not covered by any Productivity Linked Bonus Scheme. The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs. 3500/-, as hitherto. The payment of ad-hoc Bonus under these orders will also be admissible to the eligible employees of Central Para Militrary Forces and Armed Forces. The orders will be deemed to be extended to the employees of Union Territory Administration which follow the Central Government pattern of emoluments and are not covered by any other bonus or ex-gratia scheme.

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Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.7.2012.

No. 1(8)/2012-E-II (B)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated: 28th September, 2012.

OFFICE MEMORANDUM

Subject:- Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.7.2012.

   The undersigned is directed to refer to this Ministry’s Office Memorandum No.1(1)/2012-E-II (B) dated 3rd April, 2012 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 65% to 72% with effect from 1st July, 2012.

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Revision of Interest rates for small savings schemes.

No. 6-1/2011-NS.II (Pt.)
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 26th March, 2012.

OFFICE MEMORANDUM

Sub:- Revision of Interest rates for small savings schemes.

   The undersigned is directed to refer to Ministry of Finance’s O.M. of even number  dated 11th  November, 2011, vide which the various decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned.

   2. One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1st  April of that year. Accordingly, the rates of interest on various small savings schemes for the financial year 2012-13 effective from 1.4.2012, on the basis of the interest compounding/payment built-in in the schemes, shall be as under:

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Re-imbursement of rent to Government servants during their stay in State Bhavans/Guest Houses run by State Governments/Autonomous Organizations.

No. 2(25)/2004-E.II(B)

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, 15th December, 2011.

OFFICE MEMORANDUM

Subject:-Re-imbursement of rent to Government servants during their stay in State Bhavans/Guest Houses run by State Governments/Autonomous Organizations, etc.

   The undersigned is directed to invite reference to this Ministry’s O.M. No. 2(39)/94-E.II(B) dated 27.10.1994 and subsequent O.M. of even number dated 19.08.2004 on the subject mentioned above. It has been represented to this Ministry that the officials, who are posted to the Centre and temporarily stay in State Bhavans/Guest Houses run by the State Govts./autonomous organizations, face hardship due to non-reimbursement of the amount of the rent paid by them equal to 10% of their basic pay.

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