Letter of Credit Monitoring System (LOCMS)
Letter of Credit Monitoring System is On-line authorization and sanction of LOC in order to speedy transfer of fund for timely execution of development works in a transparent way.
West Bengal Government Notification
The functions of the Finance Department are performed through 5 (five) branches, namely, Audit, Budget, Revenue, Internal Audit and Institutional Finance.
Letter of Credit Monitoring System is On-line authorization and sanction of LOC in order to speedy transfer of fund for timely execution of development works in a transparent way.
(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%
The period of repayment of working capital loans should preferably be restricted to 2 or 3 years. In no case, however, the period of these loans should exceed 5 years.
The Head of office shall submit an application to the O/o. the Accountant General (A&E) West Bengal requesting them to confirm the amount credited in the account of the concerned Officer under the head ‘8658’.
The Administrative Departments/Controlling Authorities may make further allotment of fund up to current year’s budget provision relating to Non-Plan expenditure for Non-Salary items for the month up to March, 2013.
Additional remuneration shall be payable to those Secretariat Assistants who perform such protocol duties in addition to their normal duties frequently and on a regular basis.
Mechanical Staff employed in the Pool Car establishment in the districts including Kolkata under the Transport Department and other Departments will get Tiffin Allowance at the rate of Rs. 10/- per Hour subject to a maximum of Rs. 60/- per working day.
If the contractor considers any work demanded of him to be outside the requirements of the contract, or disputes any drawings, record or decision given in writing by the Engineer-in-Charge.
The Treasuries may be strengthened temporarily by deputation of staff from other sections of the district or sub-division offices till the financial year ends.
Governor is pleased to extend the benefits of the WBHS to retired members of AIS on payment of one-time contribution of Rs. 40,000/- only.
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