Finance

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

Sanctioning Authority of Revised Administrative Approval

Delegating full power to Administrative Departments for according Revised Administrative Approval due to acceptance of rates upto 10% above without any change in scope of work.

Introduction of Treasury Form 68C and 31A

Governor is pleased to introduce the two new TR forms with number TR-68C and TR-31A for drawal of fund related to claims for Reimbursement/ Advance/ Advance Adjustment under WBHS in respect of Government employees/ pensioners and Teachers /Officers of GIA Colleges & Universities.

Rate of Interest on State Compensatory Afforestation Fund, 2020-21

Governor has been pleased to decide that the rate of interest on ‘State Compensatory Afforestation Fund [SCAF]’ will be 5.5% per annum and 3.5% per annum for the financial year 2019-20 and 2020-21 respectively.

GISS, 1987 – Table of Benefits upto October, 2021

State Government Employees Group Insurance Scheme, 1987 – Table of Benefits under Savings Fund for the year of cessation of Membership 2021-2022. (01.08.2021 to 31.10.2021)

Facility for Bulk Modification/ Updating of IFSCs in IFMS

Based upon the verification of DDO, eGovernance Group, Finance Department, Government of West Bengal shall centrally modify /merge the IFSC of the beneficiary bank branch in IFMS;

Interest Rate on General Provident Fund (01.07.2021 to 30.09.2021)

Governor is pleased to decide that during the period from 01.07.2021 to 30.09.2021, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1% per annum.

Committee for Unified Project Management System (UPMS)

Finance Department to develop Unified Project Management System (UPMS) for monitoring of projects, throughout the life cycle of the project from initiation to completion of the project, as part of the Asian Development Bank (ADB) assisted West Bengal Public Finance Management Reforms Program.

Sad demise of Shri Rachhpal Singh, Former Minister

Due to sad demise of Shri Rachhpal Singh, former Minister, Government of West Bengal, all State Government Offices will be closed today i.e. 8th July, 2021 from 4.00 p.m.

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