New Delhi [India], August 31 (ANI): The Central government on Wednesday released Rs 4,189.58 crore as grant-in-aid to rural local bodies in Karnataka, Tripura, Uttar Pradesh, Andhra Pradesh, and Gujarat.

New Delhi [India], March 2 (ANI): Union Finance Minister Nirmala Sitharaman on Wednesday launched the electronic bill (e-Bill) processing system that seeks to bring in broader transparency and expedite the process of payments.

Good news for the candidates seeking jobs in the Finance Ministry, as the Ministry of Finance is inviting applications for the recruitment for the Assistant Accounts Officer post. The Ministry is carrying out the recruitment process to fill up 590 vacancies. The period of employment for the Assistant Accounts Officer will be for 3 years initially […]

Raipur (Chhattisgarh) [India], November 13 (ANI): Chhattisgarh Chief Minister Bhupesh Baghel on Friday wrote to Union Finance Minister Nirmala Sitharaman and urged the Centre to extend the compensation period of the Goods and Services Tax (GST) beyond 2022 by five years.

The government has asked ministries and departments to clear dues of Air India immediately and purchase tickets only in cash from now. The government earlier this month decided to sell Air India to Tata group for Rs 18,000 crore. The Department of Expenditure, under the Finance Ministry, in a 2009 order, had said that in […]

New Delhi Oct 19 PTI The government has sanctioned non-productivity linked or ad hoc bonus for central government employees for fiscal year 2020-21In an office memorandum the Department of Expenditure under the Finance Ministry said the employees of central para military forces and armed forces too would be eligible for the bonusEmployees who were in service as on March 31 2021 and have rendered at least six months of continuous service during 2020-21 fiscal year would be eligible for this ad hoc bonusThe non-productivity linked bonus ad hoc bonus would be paid to the central government employees in Group C and all non-gazetted employees in Group B who are not covered by any productivity- linked bonus scheme The calculation ceiling for payment of this bonus would be monthly emoluments of Rs 7000The quantum of ad hoc bonus will be worked out on the basis of average emolumentscalculation ceiling whichever is lower the Department of Expenditure saidTo calculate ad hoc bonus for one day the average emoluments in a year will be divided by 304 average number of days in a monthThis will thereafter be multiplied by the number of days of bonus grantedGiving an illustration the memorandum said given the calculation ceiling of monthly emoluments of Rs 7000 where actual average emoluments exceed Rs 7000 the non-productivity linked bonus or ad-hoc bonus for 30 days would work out to be Rs 6908It also clarified that in case of employees who resigned retired from service or expired before March 31 2021 the ad hoc bonus would be paid only to those who superannuated or retired on medical grounds or died before March 31 2021 but after completing at least six months regular service during the year PTI JD ANU ANU