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.
Exemption from payment of Earnest Money and Security Deposit given to Small Scale Industrial (SSI) units under rules 47A(1) and 47B(7) of West Bengal Financial Rules, Volume-I is applicable to supply contracts only and not to works contracts.
Governor is pleased to declare Dates of Election as Public Holiday under Negotiable Instruments Act, 1881 for the districts mentioned below:-
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.
Governor is pleased to constitute 4th State Finance Commission, West Bengal consisting of Dr. Abhirup Sarkar, Professor Indian Statistical Institute, Kolkata, as the Chairman.
Performance security: 5 percent after lapse of the test performance period/ Defect Liability Period to be fixed by the competent authority of the Department concerned.
4 types of rating in old and 5 types of rating in new Annual Performance Report, deprives many deserving officers be eligible for promotion.
Handing over the charge by an officer whose actual date of superannuation happens to be a holiday but where handing over charge of cash/ stores is involved.
In view of celebration of Jamai Sasthi, all offices under the Govt. of West Bengal shall be closed at 2:00 p.m. on Friday, 14th June, 2013.