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Centre to go with liberalised expenditure mechanism for current fiscal

Centre to go with ‘liberalised’ expenditure mechanism for current fiscal May 17, 2021 There will not be grouping of the Central government ministries/departments for cash management The Finance Ministry proposes to continue with liberalised cash management even as some of the agencies are predicting lower revenue collection this fiscal on account of the pandemic. There will not be grouping of the Central government ministries/departments for cash management. Also, the ministries will not have to follow any limit on monthly or quarterly expenditure for first three quarters. It may be noted that during FY 2020-21, the government had brought in a system, where barring a select group of ministries/departments such as Health, Pharmaceutical Defence, Consumer Affairs, Fertiliser, etc, all had to face expenditure curb during first two-and-half quarters.

Deadline to submit bills/claims under LTC Special Cash Package for central govt employees extended

Deadline to submit bills/claims under LTC Special Cash Package for central govt employees extended SECTIONS Deadline to submit bills/claims under LTC Special Cash Package for central govt employees extendedET Online Last Updated: May 15, 2021, 10:26 AM IST Share Synopsis The LTC Cash Voucher scheme was announced by the Finance Minister Nirmala Sitharaman in October 2020 to boost consumer demand and to provide tax benefit to individuals who are unable to claim the usual LTC tax benefit due to covid-related travel restrictions. Getty Images The deadline to submit bills/claims for benefits under the LTC Special Cash package scheme has been further extended to May 31, 2021. The Department of Expenditure, via an Office Memorandum issued on May 7, 2021 stated that due to the current Covid-19 situation the last date of submission of bills under the LTC Cash scheme has been extended till May 31.

7th Pay Commission: Deadline for LTC special cash package extended

7th pay commission latest update: 7th pay commission: Govt extends deadline for LTC special cash package: केंद्रीय कर्मचारियों के लिए खुशखबरी, एलटीसी स्पेशल कैश पैकेज की डेडलाइन आगे बढ़ी

7th pay commission latest update: 7th pay commission: Govt extends deadline for LTC special cash package: केंद्रीय कर्मचारियों के लिए खुशखबरी, एलटीसी स्पेशल कैश पैकेज की डेडलाइन आगे बढ़ी
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Finance Ministry relaxes norms for sourcing Covid-19 relief materials

Finance Ministry relaxes norms for sourcing Covid-19 relief materials May 10, 2021 The Finance Ministry notified amendments to General Financial Rules in May 2020   -  Getty Images× Global tenders for procurement of less than ₹200 cr allowed till May 31 The Finance Ministry has relaxed procurement norms for sourcing Covid-19 relief materials. These include permitting global tender to be floated for a value of less than ₹200 crore and procurement of the same item at different rates. These instructions will be applicable to the Department of Pharma, the Ministry of Health & Family Welfare and the Defence Research & Development Organisation (DRDO). “The instruction in this Department’s OM (Office Memorandum) dated May 15, 2020 specifying that no Global Tender Enquiries(GT) shall be invited for tenders up to ₹200 crore shall stand relaxed, and hence, it shall be permissible to invite GTE where necessary,” the new OM dated April 24 said, on the website of the Finance

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