Finance

The functions of the Finance Department are performed through 5 (five) branches, namely, Audit, Budget, Revenue, Internal Audit and Institutional Finance.

Rate of Interest on GPF (01.10.2020 to 31.12.2020)

Accumulation at the credit of the subscribers to General Provident Fund and other similar funds shall carry interest at the rate of 7.1% per annum. The rate will be in force during this financial year for the period from 01.10.2020 to 31.12.2020.

Creation of PPP Cell in Finance Department

Governor is hereby pleased create a Public Private Partnership (PPP) Cell within Budget Branch, Finance Department, Govt. of West Bengal for providing necessary direction and hand-holding support to the Departments sponsoring PPP Projects.

New Grant in Aid Sanction Order, 2012-13

From the Financial Year 2012-13, the Grant-in-Aid Bill shall not be passed by the Treasuries/ PAOs if the ‘Sanction Order’ of the same is not in the revised format.

Emergency Procurement related to COVID19 Operation

Procurement may be undertaken under Rule 47(14) of West Bengal Financial Rules from more than one source simultaneously if the entire quantity required is not available or not immediately available from one source. Such procurement may be made at different rates, if unavoidable.

Guidelines for Presenting Bills at Treasury/ PAO, 2020-2021

a. Bills returned/objected before 16.03.2021 shall be resubmitted by 19.03.2021. b. Bills returned/objected during the period from 16.03.2021 to 19.03.2021 must be resubmitted by 24.03.2021. c. Bills returned between 20.03.2021 and 26.03.2021 must be resubmitted on the very next day. d. Bills returned on 30.03.2021 & 31.03.2021 must be resubmitted by 4 PM on the same day of objection.