The functions of the Finance Department are performed through 5 (five) branches, namely, Audit, Budget, Revenue, Internal Audit and Institutional Finance.
Letter of Credit Monitoring System is On-line authorization and sanction of LOC in order to speedy transfer of fund for timely execution of development works in a transparent way.
(i) Up to Rs. 50,000/- ………… 6% (ii) Up to Rs. 1,50,000/- ………… 7.5% (iii) Up to Rs. 5,00,000/- ………… 9% (iv) Up to Rs. 7,50,000/- ………… 9.5%
The period of repayment of working capital loans should preferably be restricted to 2 or 3 years. In no case, however, the period of these loans should exceed 5 years.
Governor is pleased to constitute 4th State Finance Commission, West Bengal consisting of Dr. Abhirup Sarkar, Professor Indian Statistical Institute, Kolkata, as the Chairman.
Performance security: 5 percent after lapse of the test performance period/ Defect Liability Period to be fixed by the competent authority of the Department concerned.
4 types of rating in old and 5 types of rating in new Annual Performance Report, deprives many deserving officers be eligible for promotion.
Handing over the charge by an officer whose actual date of superannuation happens to be a holiday but where handing over charge of cash/ stores is involved.
In view of celebration of Jamai Sasthi, all offices under the Govt. of West Bengal shall be closed at 2:00 p.m. on Friday, 14th June, 2013.
The number of years of engagement will be determined as on 01.04.2013. All other terms and conditions will same as in Finance Department’s Memo No. 9008-F(P), dated 16th September, 2011.
Prior permission of the West Bengal Health Scheme Authority will not be required for purchase of Digital Hearing Aid subject to the condition that the maximum reimbursable amount is limited to the rate mentioned under WBHS code No. 03003003.