Saturday, November 8, 2008

 

General Provident Fund


General Provident Fund (Rate of Interest)

An announcement fromMinistry of Finance (Department of Economic Affairs)It is announced for general information that during the year 2008-2009, accumulations at the credit of subscription of the General Provident Fund and other similar funds shall continue to carry interest at the rate of 8% (Eight percent) per annum.

This rate will be in force during the financial year bearing on 1.4.2008. The funds concemed are:-1.The General Provident Fund ( Central Services)2.The Contributory Provident Fund (India)3.The All India Service Provident Fund4. The State Railway Provident Fund5. The Genral Provident Fund (Defence Services)6. The Indian Ordnance Department Provident Fund7. The Indian Ordnance Factories Workmen’s Provident Fund8. The Indian Naval Dockyard Workmen’s Provident Fund9. The Defence Services Officers Provident Fund10 The Armed Forces Perconnel Provident Fund


 

RIGHT TO INFORMATION ACT

GRADE PAY OF Rs. 4600 FOR PB-2
Letter issued from the Ministry of Finance as a reply under RIGHT TO INFORMATION ACT to Shri.Manoj Kumar Singh regarding grade pay in the 6th CPCF.No.22/2/2008-IC.IIGovernment of IndiaMinistry of FinanceDepartment of ExpenditureImplementation Cell New Delhi, the 24th October, 2008Sub: Application of Shri. Manoj Kumar Singh under RTI ActWith reference to RTI Cell's UO No. 3(202)/2008-RTI dated 13th October 2008 the applicantmay be informed that(1) Entry pay in revised pay structure for direct recruit appointed on or after 1.1.2006as contained in Section 2, Part A of First Schedule of CCS (RP), rules 2008 has been finalizedin accordance with pay commission's recommendations contained in pare 2.2.22 (iv) Multiplication factor 1.74 (modified to 1.86 by the Government recommended by the commission was for fixation of the pay of existing employees in the revised structure as on 1.1.2006. Now grade pay and pay bands has been approved by the Government for directrecruits joining the Government on or after 1.1.2006.(2).As per 6th CPC's Report, as accepted by the Government the pre revised scales of Rs. 5000-8000,Rs.5500-9000 and Rs. 6500-10500 have been granted the identical revised pay band of PB-2 (Rs. 9300-34300) with Grade Pay of Rs. 4600.This is in accordance with recommendations of the Sixth Pay Commission.This issue with the approval of Director (IC)
Under Secratary(IC-II)


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