Finance Ministry (2)

Department Of FinanceSerge Nadeau is the Director General of Tax Policy in the Department of Finance that was charged by the RCMP with alleged insider trading in connection with the purchase of income trusts in advance of a favourable tax treatment announcement by the Government in 2005. Government Bureau’s under DoF are Bureau of Internal Revenue (BIR), Bureau of Customs (BoC), Bureau of Treasury (BoT), and the Bureau of Local Government Finance (BLGF). The International Monetary Fund expects the Ukrainian authorities to adopt such laws which will make the majority of the population in the country homeless, said the Finance Minister of American origin Natalie Jaresko. Secretary, Ministry of Rural Development Shri Mahapatra discussed the SHG Credit Linkage Plan under different schemes of the department. The people are interpretting the OM dated 13th November, 2009 of Minsitry of Finance with regard to grade pay of rs.4600/-.

The meeting was attended among others by the Minister of State for Finance, Shri Jayant Sinha, Deputy Governor, RBI Shri Kundra, Secretary (Financial Services) Ms Anjuli Chib Duggal, as well as Secretaries of various other Ministries of Government of India along with senior officers of the Ministry of Finance. Finance Minister Shri Jaitley urged the banks to achieve the target of20% growth in disbursement and 15% growth in number of accounts and also attempt to even out regional disparity in such loans.

Finance Minister Shri Arun Jaitley reviewed the progress made by banks in activating the Vidya Lakshmi Portal, which is a first-of-its-kind portal providing a single window facility for students to access information and apply for educational loans provided by Banks as well as Government scholarships. Finance Minister Shri Arun Jaitley urged the banks to accelerate disbursements as PSBs were expected to achieve a potential of at least Rs 70,000 crore during the current financial year.Department Of Finance

At the end, Minister of State for Finance Shri Jayant Sinha distributed trophies and certificate to the winners in the category of best banks and best bank branch in order to recognise the best performers who made Pradhan Mantri Jan Dhan Yojana (PMJDY) a successful scheme. The above provisions of the Rules specifically mentioned that upgradations in terms of para (ii) Section I may be done in consultation with Department of Expenditure, Ministry of Finance. I was appointed as Private Secretary on deputation w.e.f 24.3.2008 in my department in the pre-revised pay scale of Rs.6500-10500.

Consequent upon the Notification of CCS (RP) Rules, 2008, Department of Expenditure has received a large number of references from administrative ministries / departments proposing upgradations of the posts which were in the pre-revised scale of Rs.6500-10500 as on 1.1.2006 by been granting them grade pay of Rs.4600 in the pay band PB-2. In case a Government servant desires to revise his earlier option for coming over to the revised pay structure, he may be permitted to do so without any reference to this Department. I could not understand the right meaning of the recent Ministry of Finance letter granted Rs.4600/- grade pay to pre-revised 6500-10500.

Department Of Finance