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Monday, October 10, 2016

Abolition of interest free & Interest bearing advances- Govt. orders

No. 12(1)/E.II(A)/2016
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, the 7th October, 2016
Subject: Grant of advances – Seventh Pay Commission recommendations- Amendment to Rules 21(5) of Compendium of Rules on Advances to Government Servants.
The undersigned is directed to say that in pursuance of the decision taken by the Government on the Seventh Pay Commission’s recommendations relating to advances, the existing provisions of Compendium of Rules on Advances — 21(5) relating to Personal Computer Advance are amended as per the amendments attached.
2. These orders will take effect from the date of issue of this O.M. The cases where the advances have already been sanctioned need not be reopened.
3. The other interest bearing advances relating to Motor Car Advance and Motorcycle / Scooter / Moped Advance will stand discontinued.
4. In so far as persons serving in Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.
5. All the Ministries/Departments are requested to bring the amendments to the notice of all its attached and subordinate offices for their information.
Hindi version of this O.M. is enclosed.

(Pankaj Hazarika)
Director, E. I(A)

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