7th Pay Commission festival advance: Govt to give this amount to central government employees in advance

7th Pay Commission festival advance: With a view to help central government employees meet expenses during festival season, government has decided to provide a special package in advance to them. 

ZeeBiz WebTeam | Oct 15, 2020, 08:06 PM IST

The special package will be interest free and has to be returned in 10 installments, said an official memorandum issued by the Ministry of Finance Department of Expenditure, dated October 12. The amount in question is Rs 10,000.

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7th Pay Commission Festival advance

7th Pay Commission Festival advance

In order to enable government servants to meet expenses relating to festivals and to encourage spending thereby giving a boost to economic activities, in pursuance of decision taken by the government, it has been decided that a special festival package of advance will be accorded to all government servants for any important festival up to March 31, 2021 Reuters

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7th Pay Commission Festival advance

7th Pay Commission Festival advance

The order has been set in motion from the date of the issuance of the order, I.e. October 12,” read the official memorandum. A head of an office has been authorised to sanction the special package of Rs 10,000 to any central government employee during any “important festival” before March 31, 2021.  Reuters

 

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7th Pay Commission Festival advance

7th Pay Commission Festival advance

It identifies “important festival” as one of such festivals that Head of Department may declare in respect of establishments under his/her administrative control. All the ministries/departments have been directed to inform about this official memorandum to all of its attached and subordinate offices for proper dissemination of information. PTI  

 

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7th Pay Commission Festival advance

7th Pay Commission Festival advance

It identifies “important festival” as one of such festivals that Head of Department may declare in respect of establishments under his/her administrative control. All the ministries/departments have been directed to inform about this official memorandum to all of its attached and subordinate offices for proper dissemination of information. (IANS)  

 

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7th Pay Commission Festival advance

7th Pay Commission Festival advance

This amount is interest free, which will be released through pre-loaded RuPay Card from the State Bank of India (SBI), said the official order. Reuters

 

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7th Pay Commission Festival advance

7th Pay Commission Festival advance

The festival package will be granted to a government employee if he/she is on government duty or on leave, excluding leave preparatory to retirement, on the date on which advance special package is being reimbursed. PTI