Interest rates for Loans and Advances by the Central Government – Finmin Orders

Interest rates for Loans and Advances by the Central Government – Finmin Orders

Loans and Advances by the Central Government – Interest rates and other terms and conditions

F.No.5(3)-B(PD)/2015

Government of India

Ministry of Finance

Department of Economic Affairs

New Delhi, the 3rd February, 2016

OFFICE MEMORANDUM

Subject:- Loans and Advances by the Central Government – Interest rates and other terms and conditions.

Reference this Ministry’s Office Memorandum F.No.5(3)-B(PD)2014 dated 29th December, 2014 on the captioned subject.

2. The lending rates, categories and conditions prescribed in the aforesaid Office Memorandum have been reviewed. The revised rates of interest, categories and conditions as given in the table below, would be applicable from 1st April, 2015 and till the time these are reviewed:

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Advances to Central Govt Employees : Rate of Interest during 2015-16

Advances to Central Govt Employees : Rate of Interest during 2015-16

Advances to Government servants — Rate of interest for purchase of conveyances during 2015-2016.

F.No.5(2)-B(PD)/2015

Government of India

Ministry of Finance

Department of Economic Affairs

New Delhi, the 3rd February, 2016

OFFICE MEMORANDUM

Subject : Advances to Government servants – Rate of interest for purchase of conveyances during 2015-2016.

The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2015-2016 i.e. from 1st April, 2015 to 31st March, 2016 are as under:

Rate of interest per annum

(i) Advance for purchase of conveyance other than motor car (viz. motor cycle, scooter etc.)  – 9%

(ii) Advance for purchase of motor car  –  11.5%

The rates remain unchanged from those applicable for the financial year 2014-15.

sd/-

(A.K. Bhatnagar)

Under Secretary (Budget)

Authority: www.finmin.nic.in

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Finmin issued instructions on processing foreign visits of officers for approval of Screening Committee of Secretaries

Instructions for processing foreign visits of officers of the Government of India for approval of Screening Committee of Secretaries (SCoS)

Clarification on revised comprehensive guidelines/instructions on foreign visit by officers of Government of India

No. 4(4)/E.Coord/2015

Government of India

Ministry of Finance

Department of Expenditure

North Block, New Delhi.

Dated 25th January, 2016.

OFFICE MEMORANDUM

Subject: Instructions for processing foreign visits of officers of the Government of India for approval of Screening Committee of Secretaries (SCoS).

This Department has been receiving references seeking clarification on certain issues with reference to this Department’s OM of even number dated 05-01-2016 on the above subject. Accordingly the following clarification is issued

a) Approval of SCoS is not required in case of foreign visits of upto Joint Secretary level officers as part of foreign training component, Mid-Career Training Programme (MCTP) or any other training, irrespective of number of members and days”.

b) The provision of seeking approval of Cabinet Secretary for condoning delay in submission of proposals sent less than 15 days before the date of departure of delegation has been done away with.

c) Calculation of number of foreign visits in respect of any officer will be with reference to calendar year.

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(N. Radhakrishnan)

Director (E. Coord)

Source: www.finmin.nic.in

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Implementation of 7th CPC – Meeting of Nodal officers of various Departments on 2.2.2016

Implementation of the recommendations of the 7th CPC – Meeting of Nodal officers of various Departments will be held on 2.2.2016

Meeting of Nodal officers of various Departments – implementation of the recommendations of the 7th CPC – Issues on way ahead

F.No.1-1/2016- IC

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, 29.1.2016

Meeting Notice

Subject : Meeting of Nodal officers of various Departments – implementation of the recommendations of the 7th CPC – Issues on way ahead.

In order to process the recommendations of the 7th Central Pay Commission, the Cabinet has approved setting up of an Empowered Committee of Secretaries chaired by the Cabinet Secretary. Accordingly, the ECOS has been set up as per this Ministry’s OM No.1-4/2015/EIII-A dt. 27.1.2016 (copy placed on the website of this Ministry, viz, www.finmin.nic.in).

2. As provided in the said OM dt. 27.1.2016, the Implementation Cell created in this Ministry shall work as the Secretariat for the ECOS.

3. This Ministry has already requested all the Ministries/Departments vide DO letter No.1-4/2015/EIII.A dt. 21.11.2015 from JS(Pers) addressed to all the Secretaries to nominate a nodal officer at the level of a Joint Secretary to interact with the Implementation Cell during the curse of processing of the recommendations of the 7th CPC.

4. Accordingly, Joint Secretary (Implementation Cell) shall take a meeting of all the Nodal Officers of the Ministries/Departments on 2.2.2016 at 11 .00 a.m. in Conference Hall (R. No. 72), North Block, New Delhi to discuss the relevant issues in connection with the processing of the recommendations of the 7th CPC and to concretise the points of action pertaining to all the Ministries/Departments in general and also in regard to specific issues concerning individual Ministries/Departments with a view to enabling an effective, holistic and quicker processing of the recommendations of the 7th CPC and for submission of the matter before the ECOS.

5. As this is the first meeting of the Nodal Officers to formulate the action points on the way ahead on processing of the recommendations of the 7th CPC, it is requested that the concerned nodal officers may kindly make it

convenient to attend the meeting.

sd-

(Amar Nath Singh)

Deputy Secretary to the Government of India

To

All the nodal officers of Ministries/Departments, as per list attached.

Authority: www.finmin.nic.in

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