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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Authority: www.finmin.nic.in

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.

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(A.K. Bhatnagar)

Under Secretary (Budget)

Authority: www.finmin.nic.in

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NPS subscribers of Central Government are 14.1% of the total subscribers as Jan 2016

NPS subscribers of Central Government are 14.1% of the total subscribers as Jan 2016

Press Information Bureau 

Government of India

Ministry of Finance

02-February-2016 16:35 IST

1.15 Crore Subscribers for National Pension System (NPS) as on 23.1.2016

National Pension System (NPS) had 11,459,555 subscribers with a total corpus of Rs. 90, 327 crore as on 23rd January, 2016. The total Assets under Management are worth Rs. 109,140 crore while Assets under Management per subscriber is Rs. 95,000 on an average.

The number of NPS Subscribers of the Central Government are 1611,020 with a total corpus of Rs. 34,754 crore while subscribers from the different State Governments are 2,859,094 with a total corpus of Rs. 45,486 crore. The number of NPS subscribers in the Corporate Sector are 448,509 while in Unorganized Sector is 128,484, the total being 576,993. The number of subscribers under NPS Lite include 4,463,637 and under Atal Pension Yojana (APY) 1,948,811, with a total number of subscribers 6,412,448 in these two categories.

NPS subscribers of Central Government are 14.1% of the total subscribers while that of the State Governments are 24.9%. The NPS subscribers under NPS Lite constitute 39% while under APY 17% of the total subscribers.

Since PFRDA has completed two years of its statutory status on 1st February, 2016, to mark this occasion, PFRDA in collaboration with all its intermediaries in the National Pension System including Central and State Governments’ Nodal Offices, POPs, Aggregators, Central Recordkeeping Agency and NPS Trust etc. is observing NPS Service Week from 1st to 6th February, 2016. This week-long campaign is being dedicated to service-orientation towards the subscribers and aimed at awareness building and improved information dissemination. During this Service Week, besides sharing of information on the range of functionalities and services now available under the NPS, the subscriber community will be apprised about the need for constant updation of data/information to enable the system to operate at its optimum service level, so that the intended benefits can reach all the employees/subscribers under NPS. Besides, the subscribers will also be able to make best use of all the opportunities and facilities.

The Pension Fund Regulatory and Development Authority (PFRDA) is organizing the 2nd Pension Conclave in national Capital on 4th February 2016 with the theme, “Towards Universal Pension: Coverage, Adequacy and Sustainability” in which all the stake holders are expected to participate and share their experiences. PFRDA proposes to use this occasion to acknowledge/award the best performing banks and Post Offices in mobilization and registration of subscribers under the Atal Pension Yojana (APY) up to 31st December 2015, and institute awards for best performing POPs under the Voluntary segment of the National Pension System.

Earlier, PFRDA launched NPS Awareness Programme for State autonomous bodies, Unorganized Sector, Corporate Sector and other categories in order to highlight the benefits of joining NPS and has requested the various State Governments to implement NPS more inclusively among the State Autonomous Bodies, Boards, Corporations, Societies, Universities and State aided institutions under various State Government departments. During the awareness programme, key features and benefits of NPS, details and process of joining NPS, details about NPS architecture investment and exit guidelines of NPS are highlighted.

Source: PIB News

“Anubhav”- showcasing outstanding work done during service – submission of details by the retiring employees regarding

“Anubhav”- showcasing outstanding work done during service – submission of details by the retiring employees regarding

F.No. 21/13/2015.CS.I (P)

Government of India

Ministry of Personnel, Public Grievances & pensions

(Department of personnel & Training)

Lok Nayak Bhawan, New Delhi

Dated 01st February, 2016

Office Memorandum

Subject: – “Anubhav”- showcasing outstanding work done during service – submission of details by the retiring employees regarding.

The undersigned is directed to refer to this Department’s O.M. of even number dated November, 2015, December, 2015 and January, 2016 on the subject mentioned above and to state that the write-ups in respect of the CSS/CSSS officers, as in Annexure-I, are yet to be accepted/published on the “Anubhav Portal”.

2. HoO and HoD of the Ministries/Departments concerned are requested to kindly scrutinize the pending write-ups for acceptance/publication at the earliest.

3. All Ministries/Department are also requested to impress upon CSS/CSSS officers retiring within a period of six months to submit a write-up providing details of their work that has contributed to the efficiency, economy and effectiveness of Government functioning or/and any innovation which led to improved work culture or any other contribution considered significant. Link to Anubhav Portal is available in the Home page of this Department’s website at persmin.nic.in -> DOP&T -> Anubhav.

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(Srinivasaragavan)

Under Secretary to the Government of India

Authority: www.persmin.gov.in

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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