Revision of interest rates for Small Savings Schemes The Office Memorandum issued by the Government of India's Ministry of Finance, Department of Economic Affairs, Budget Division, states that the interest rates on Small Savings Schemes for the … [Read more...] about Unchanged Interest Rates for Small Savings Schemes in Q1 FY 2024-25
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Enhancement of Dearness Allowance Rates for Central Govt Employees
Revision of rates of Dearness Allowance to Central Government employees-effective from 01.01.2024 The Ministry of Finance, Department of Expenditure, Government of India, issued an Office Memorandum on March 12, 2024, regarding the revision of … [Read more...] about Enhancement of Dearness Allowance Rates for Central Govt Employees
Feedback Needed: Draft Procurement Manuals 2024
Seeking feedback from Stakeholders on The Government of India's Ministry of Finance, Department of Expenditure, is seeking feedback from stakeholders on the draft manuals for procurement services in 2024. These manuals include guidelines for both … [Read more...] about Feedback Needed: Draft Procurement Manuals 2024
Monitoring of Group ‘B’ Officers’ Disciplinary Cases in DAOs
Monitoring of disciplinary/criminal and suspension cases pending against Group ‘B’ Officers of Departmentalized Accounts Offices (DAOs) The memorandum issued by the Ministry of Finance's Department of Expenditure outlines the need for monitoring … [Read more...] about Monitoring of Group ‘B’ Officers’ Disciplinary Cases in DAOs
Processing of GeM Bills in eBill Scenario: Changes and Implementation Details
Processing of GeM bills in eBill scenario The memorandum addresses the extension and implementation of the e-Bill Module for GeM-PFMS integration by the Ministry of Finance. It outlines changes in processing GeM bills in PFMS, including their … [Read more...] about Processing of GeM Bills in eBill Scenario: Changes and Implementation Details
Seeking Feedback: Procurement Manual for Non-Consultancy Services-2024
Seeking feedback from Stakeholders on Draft Manual for Procurement of Non-consultancy Services-2024 The Ministry of Finance, Department of Expenditure, Government of India, has issued an Office Memorandum seeking feedback from stakeholders on the … [Read more...] about Seeking Feedback: Procurement Manual for Non-Consultancy Services-2024
Monthly Issuance of Pension Slips to Pensioners by Disbursing Banks
Issuance of the Pension Slip by the Pension Disbursing Banks on monthly basis The Office Memorandum dated January 2024 issued by the Ministry of Finance's Controller General of Accounts addresses grievances from pensioners regarding the … [Read more...] about Monthly Issuance of Pension Slips to Pensioners by Disbursing Banks
Tax Rebate Increase and New Tax Regime under Income-tax Act 1961
Response to Rajya Sabha Starred Question No. 37: Increase in Tax Rebate The Government of India, Ministry of Finance, responded to Rajya Sabha Starred Question No. 37 regarding an increase in tax rebate. The amendment offers a 100% rebate on … [Read more...] about Tax Rebate Increase and New Tax Regime under Income-tax Act 1961
Harnessing Technology for Efficient Pension Management: PFMS Division (GIFMIS)
MIS Report and Gap Analysis Report in the Pension Module of PFMS for User Types- PAO/ Pr. AO/ ACA/Dy. CA/CA/CCA/Pr. CCA The Office of the Controller General of Accounts, Ministry of Finance, Government of India, has issued an Office Memorandum … [Read more...] about Harnessing Technology for Efficient Pension Management: PFMS Division (GIFMIS)
Interim Budget: Retained Tax Rates, Relief for 1 Crore Taxpayers
Interim Budget: Retained Tax Rates, Relief for 1 Crore Taxpayers on Outstanding Direct Tax Demands The Interim Budget 2024-25 proposes maintaining current tax rates for both direct and indirect taxes, including import duties. Union Minister for … [Read more...] about Interim Budget: Retained Tax Rates, Relief for 1 Crore Taxpayers