According to the OM issued today by Ministry of Finance , The additional installments of Dearness Allowance and Dearness Relief due from 1st January 2020, 1st July 2020 and 1st January 2021 shall not be paid, However, Dearness Allowance and Dearness Relief at current rates will continue to be paid. These dues will be restored prospectively and will be subsumed in the … [Read more...]
Budget Allocation under Grant No.37 – Pensions for 2020-21
Budget Allocation under Grant No.37 – Pensions for the Financial Year 2020-21. GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF EXPENDITURECENTRAL PENSION ACCOUNTING OFFICETRIKOOT-II, BHIKAJI CAMA PLACENEW DELHI-110066 No. CPAO/Budget/Review of Expenditure/2019-20/1044 Dated: 31.03.2020 OFFICE MEMORANDUM Sub: Budget Allocation under Grant No.37 – Pensions for … [Read more...]
Clarification on 3 Months EMI Moratorium on all Bank Loans
Ministry of Finance has issued clarifications on its announcement of 3 months EMI Moratorium on All bank Loans outstanding. Ministry of Finance FREQUENTLY ASKED QUESTIONS : RBI Allowed Banks to Declare Moratorium on Term Loans Last week, the Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on March 1, 2020, as … [Read more...]
Payment of wages to outsourced persons during COVID-19 lockdown
Payment of wages to outsourced persons of Ministries / Departments and other organizations of Government of India during lockdown period due to COVID-19. F.No.23(4)/E.Coord/2020/1 Government of India Ministry of Finance Department of Expenditure North Block, New Delhi Dated: 23.03.2020 OFFICE MEMORANDUM Sub: Payment of wages to outsourced persons of Ministries / … [Read more...]
Drawal of next increment under Rule 10 of Central Civil Services
Drawal of next increment under Rule 10 of Central Civil Services (Revised Pay) Rules, 2016-regarding. No.4-21/2017-IC/E.IIIA Government of India Ministry of Finance Department of Expenditure North Block, New Delhi-110001 Dated the 29th October, 2019 OFFICE MEMORANDUM Subject: Drawal of next increment under Rule 10 of Central Civil Services (Revised Pay) Rules, … [Read more...]