Finance

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

Implementation of Lock Down Measures in West Bengal

Wearing of mask is compulsory. Strict social distancing of 2 metres for all. All public places, streets, housing complexes, residential areas and work places to be cleaned and sanitized at regular intervals.

Grant of Interest Free Festival Advance, 2020

Governor has been pleased to accord sanction of interest-free festival advance upto a maximum of Rs. 10,000/- only to State Government employees whose revised emoluments on 31st March, 2020 exceeded Rs. 34,250/- p.m. but did not exceed Rs. 41,100/- p.m.,

Modalities of Inter-Treasury Transfer of Provident Fund

For Transfer of Provident Fund money due to Transfer of Aided Secondary Teaching and Non-Teaching Staffs, the Administrator of School PF Deposit Account (D.I or A.I of District/Sub-Division) shall submit advice along with TR-7A Challan duly signed at the Treasury in which he/ she is attached.

Office remains Open with 25% Staff w.e.f. 20.04.2020

All the Departments and other establishments shall start functioning with the officers of and above the rank of Deputy Secretary or equivalent and support staff of Group C and below not exceeding 25% of the existing strength each day with effect from 20th April 2020.

Rate of Interest on GPF (01.04.2020 to 30.06.2020)

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 01.04.2020 to 30.06.2020.

Procurement of Man Power Supply Services through WBEIDC/ WTL

Payment to WBEIDC/ WTL for supply of manpower shall include:- Consolidated wages as allowed by Finance Department in its Memo No. 1032-F(P2) Dated. 08.02.2019. Employers contribution to EPF, Contribution to ESI, GST, Agency Fee/ Commission @1%, Administrative charges.

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.

Additional Austerity Measures for Combating COVID-19

State Government is currently required to incur heavy unforeseen expenditure to combat the situation arisen due to such pandemic outbreak. The 21 days lockdown which is currently in force throughout India, has severely affected the economy of the Country and the State.