Cash Payment of Advance Salary from December, 2016
Governor is pleased to allow to draw part salary/ remuneration or wages in advance against the Salary/ wages of December, 2016 and make cash payment to the employees.
Finance
The functions of the Finance Department are performed through 5 (five) branches, namely, Audit, Budget, Revenue, Internal Audit and Institutional Finance.
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Relaxation of Austerity Measures (2nd Wave of COVID19)
In order to combat the second wave of the pandemic COVID19, some additional austerity measures were imposed in terms of FD Memo No. 1971-F(Y) dated 30.06.2021 on certain types of procurement including procurement of computer and IT related accessories.
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Interest Rate on General Provident Fund (01.10.2023 to 31.12.2023)
Governor is pleased to decide that during the period from 01.10.2023 to 31.12.2023, accumulation at the credit of the subscribers to General Provident Fund shall carry interest at the rate of 7.1%
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Rate of Interest on State Compensatory Afforestation Fund, 2023-24
Rate of interest (ROI) on ‘State Compensatory Afforestation Fund (SCAF)’ will be 3.35% per annum for the Financial Year 2023-24.
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Receipt of Revenue in State Govt. Departments through GRIPS
Inclusion of heads of accounts for revenue receipts administered by I&W Dptt., Dte of Factories under Labour Dptt., Dte of Electricity duty and Commissioner of Agricultural Income Tax under Finance Dptt., through GRIPS Portal.
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Ad-hoc Bonus to State Govt. Employees for 2015-16
State Govt employees whose revised emoluments did not exceed Rs. 25,000/- per month will be entitled to ad-hoc bonus at the rate of Rs. 3,400/- per head.
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Revised Financial Power for Sanctioning Cost of Treatment
Governor has been pleased to revise the Financial Power for sanctioning cost of medical attendance and treatment to various designated officers.
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West Bengal Goods and Services Tax Act, 2017
An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of West Bengal and the matters connected therewith or incidental thereto.
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Guidelines of SIDBI Cluster Development Fund (SCDF)
Small Industries Development Bank of India (SIDBI) has formed SIDBI Cluster Development Fund (SCDF) scheme with due concurrence from Reserve Bank of India (RBI).
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Interest Rate on Loans and Advances for 2012-2013
(i) Up to Rs. 50,000/- ………… 6% (ii) Up to Rs. 1,50,000/- ………… 7.5% (iii) Up to Rs. 5,00,000/- ………… 9% (iv) Up to Rs. 7,50,000/- ………… 9.5%