Finance

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

Centralized Payment of Unpaid Bills by the Administrative Department

The subordinate office will provide the following two certificates on the body of the bill to prevent false payment and to avoid duplicate payment.

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.

Drawal of Bills in Anticipation of Allotment of Fund for the year, 2020-21

State Government has decided to allow acceptance of the following categories of bills by Treasuries/ PAOs in anticipation of allotment of fund both in the remaining part of current Financial Year 19-20 (till 31.03.2020) and in the next Financial Year 20-21.

Providing Essential Treasury related Services during Lockdown

During this period priority shall be processing of the urgent bills related to essential services like Health, Fire and emergency, Police, Civil Defence, Bills related to Salary, Wages, Pension, Social Assistance Schemes, Scholarships, payment of agencies providing Security/ Housekeeping/ Conservancy/ Man power supply, etc.

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