LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

JK Govt relaxes GPF settlement norms

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Tue, Feb 20, 2018
11:12 pm
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

In a major relief to its employees, the Jammu and Kashmir government today relaxed norms for settlement of final general provident (GP) fund refund cases by the fund offices.

The announcement in this regard was earlier made by Finance Minister Haseeb A Drabu in his budget speech in the state legislature last month.  "The employees face considerable difficulties in the settlement of their GP Fund cases at the time of their retirement and they are asked to produce a certificate relating to withdrawals since their joining of service. Government employees will, henceforth, be required to furnish only credit and debit statements for the last five years for their final GP fund withdrawal, Drabu had said in his budget speech.

Following the announcement made by Drabu, the finance department today issued the formal orders in this regard.

As per the orders issued by the principal secretary finance, Navin Kumar Choudhary, the employees at the time of settlement of final GP fund (refund) claims, only last five years debit and credit statements showing withdrawals (both refundable and non-refundable) and subscriptions made by the subscriber respectively shall be required to be furnished.

It said where the information for such period is not readily available with the drawing and disbursing officer due to non-availability of records (having gutted in fire or due to any other reasons like floods, theft, any other natural calamity), an indemnity bond (as per format available in the GP Fund Manual and recast vide a government Order in 1999) shall be obtained from the concerned subscriber and his nominee(s)/successors (s) indemnifying the Government from any loss arising due to any un-accounted sum of advance and withdrawal as may be located subsequently.  "The indemnity bond, duly furnished by the retired subscriber/his nominee(s)/ successor (s), shall be accepted by the DDO wherefrom the GP Fund refund claim of the subscriber is forwarded to concerned Fund Office," the order said.

It said while accepting indemnity bond, the DDO shall ensure that averments made by the subscriber/his nominee(s)/ successor(s) in the indemnity bond, recording therein the reasons of non-availability of records, are supported by collateral evidence like FIRs.   All other provisions regarding the settlement of GP Fund final refund claims as contained in the GP Fund Manual or any other instructions, orders, guidelines and rules shall be deemed to have been modified to the above extent, the order said.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Bank Holidays March 2021: RBI says banks will remain closed on these 5 days next month

CTET Result 2021 announced by CBSE! Download scorecard, answer key at ctet.nic.in

Govt sets 50 lakh users threshold to define 'significant social media intermediary' under IT rules

Exclusive: DCI to sign 18 MoUs worth Rs 14,000 cr, CMD Rajesh Tripathi tells Anil Singhvi; validates Zee Business’ BIG BREAKING report

CBSE exam 2021: Class 10, 12 students should know THESE 10 points before appearing for board exams

Gwyneth Paltrow: I gained a lot of weight over Covid

7th Pay Commission Latest News: Check out these vacancies notified by UPSC; salary up to Rs 1,77,500 plus DA and other allowances

Sovereign Gold Bond Scheme 2021: Issue Price fixed at Rs 4,662/gm

ISRO First Mission in 2021: Countdown begins for launch of Brazilian satellite Amazonia1 and 18 co-passenger satellites onboard PSLVC51

PM Narendra Modi wants banks to come out with innovative products for startups, fintech

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved