Loans and Advances by the Central Government - Interest rates and other terms and conditions.

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F.No.5(3)-B(PD)/2011
Government of India
Ministry of Finance
Department of Economic Affairs

New Delhi, the 19th March, 2012

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)2010 dated 31st December, 2010 on the captioned subject.

2. The lending rates prescribed in the aforesaid Office Memorandum have been reviewed.  The revised rates of interest applicable from 1st April, 2011 are given in the Table below:-

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Advances to Government servants — Rate of interest for purchase of conveyances during 2011-2012.

F.No. 5(2)-B(PD)/2011
Government of India
Ministry of Finance
Department of Economic Affairs

New Delhi, the 19th March, 2012

OFFICE  MEMORANDUM

Subject :- Advances to Government servants — Rate of interest for purchase of conveyances during 2011-2012.

   The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2011-2012 i.e. from 1st April, 2011 to 31st March, 2012 are revised 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%

sd/-
(A.K. Bhatnagar)
Under Secretary (Budget)

Source:http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/RoIPurchConvey11.pdf

Clarification on booking of tickets from an agency other than the authorized travel agents by non-entitled officers/staff.

Controller General of Defence Accounts, Ulan Batar Road, Palam, Delhi Cantt-110010

IMPORTANT CIRCULAR

No. AN/XIV/14162/TA/DA/LTC

Dated; 19.3.2012

To
All PCsDAs/CsDA
(Thru CGDA mail server)

Sub:- Clarification on booking of tickets from an agency other than the authorized travel agents by non-entitled officers/staff.

   References are being received in this HQrs office seeking clarification on regulating of LTC claims in respect of officials who are not entitled to travel by air but carry out the journey by air (Air lndia/Pvt airlines) on LTC etc. due to unavoidable or other circumstances. Clarifications are also being sought as to whether a non-entitled officer should compulsorily book their air tickets from the authorized agents viz. M/S Barmer & Lawrie & M/S Ashoka Travels etc. as brought out in this HQrs office important circular of even number dated 16/09/20 10 and 24/8/2011.

   2. In this connection attention is invited to this HQrs office letter No.AN/XIV/14162/VI CPC/Circular/Vol.III dated 12/3/2010, forwarding a copy of Govt. of India, DoP&T OM No.31011/2/2006-Estt.(A) dated 11th March 2010 on the above subject. It has been clarified by DoP&T that “restriction of travel by Air India only need not apply to non-entitled officials concerned who travel by air and claim LTC reimbursement by entitled class of rail.”

   3. Accordingly, it is clarified that the restriction as laid down by the Govt. to travel only by Air India and booking of tickets compulsorily through web site of Air India/M/S Barmer & Lawrie/M/S Ashoka Travels is applicable only for officers who are entitled to travel by air and whose cost of air passage is borne by the Govt. It is however, further clarified that in the event of non-entitled officials travelling on LTC by air (Air lndia/Pvt. Airlines for J&K) while availing special concessions for J&K/NER, the booking of tickets/travel has to be done as per the extant orders on the subject.

   This issues with the approval of Jt.CGDA(AN)

Sd/-
(R. K. Bhatt)
For CGDA

Source:http://www.cgda.nic.in/adm/ltc-190312.pdf