Finance

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

Dearness Allowance @ 14% of Basic Pay w.e.f. April, 2024

Dearness Allowance, Dearness Relief

Governor has been pleased to decide that enhancement of rate of Dearness Allowance and Dearness Relief in respect of the employees and Pensioners/ Family Pensioners shall be effective from 01/04/2024 instead of 01/05/2024.

Holiday on the Occasion of Jamai Shasthi, 2024

Holiday

All State Government offices shall be closed at 2.00 PM on the 12th June 2024 (Wednesday) on the occasion of JAMAI SHASTHI.

Constitution and Administration of the Consolidated Sinking Fund

Finance Act

Revised Scheme for Constitution and Administration of the Consolidated Sinking Fund of Government of West Bengal.

Rate of Interest on State Compensatory Afforestation Fund, 2023-24

SCAF

Rate of interest (ROI) on ‘State Compensatory Afforestation Fund (SCAF)’ will be 3.35% per annum for the Financial Year 2023-24.

Initiation of Making Payment through SBMS with RBL Bank

IFMS

Governor is pleased to initiate payment process through SBMS of institutional bank accounts maintained in RBL Bank having schematic fund of SDS, Administrative Expenditure, Own Fund and Other Schemes etc, except SNA bank accounts.

GISS, 1987 – Table of Benefits upto July, 2024

GISS

State Government Employees Group Insurance Scheme, 1987 – Table of Benefits under Savings Fund for the year of cessation of Membership 2024-2025.

Payment of Additional Interest against GPF Final Payment Claim

Provident Fund

Application for final payment should be submitted in proper form in due time prescribed by the government. (Form 10A where the subscriber is alive and Form 10B in case of death of a subscriber).

Simple GISS Solution, 2025

Excel Utility, GISS

Simple GISS Solution, 2024 will calculate the accumulation of savings fund under 1983 Scheme upto 516 months and for 1987 Scheme from November, 1999 to January, 2025.

Drawal of Bills in Anticipation of Allotment of Fund for FY 2024-25

Pay & Accounts, Release of Fund, Treasury

State Government has decided to allow acceptance of only the following categories of bills by Treasuries/ PAOs in anticipation of allotment of fund for the period from 01.04.2024 to 30.06.2024 in the financial year 2024-25.

Ceiling of Rs. 5 Lakh regarding Annual Subscription of GPF

Provident Fund

In case the employees do not revise their contributions, the respective DDOs must regulate the subscription so that the threshold limit of Rs. 5 Lakh is not exceeded in a financial year.

West Bengal Fiscal Responsibility and Budget Management (Amendment) Act, 2024

Finance Act

An Act to amend the West Bengal Fiscal Responsibility and Budget Management Act, 2010.

West Bengal Appropriation (No. 2) Act, 2024

Finance Act

An Act to authorise payment and appropriation of certain sums from and out of the Consolidated Fund of West Bengal for the services and purposes of the year ending on the thirty-first day of March, 2025.

West Bengal Appropriation (No. 1) Act, 2024

Finance Act

An Act to authorise payment and appropriation of certain further sums from and out of the Consolidated Fund of West Bengal for the services and purposes of the year ending on the thirty-first day of March, 2024.

Release of Fund relating to Administrative Expenditure, 2024-25

Release of Fund

To release fund upto 50% of the whole year’s Budget Provision for the financial year 2024-25, relating to Administrative Expenditure for Salary Items.

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